SBIC Reporting Modernization Act of 2026
Latest action · Nov 12, 2026 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 14, 2026
- Passed HouseNov 11, 2026
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
SBIC Reporting Modernization Act of 2026
This bill requires the Small Business Administration (SBA) to report quarterly on its website specified information about Small Business Investment Companies (SBICs), such as the amount of SBA-guaranteed financing SBICs receive. SBICs are privately owned companies, licensed and regulated by the SBA, which invest in small businesses through debt and equity.
The quarterly report must include (1) elements of the SBA's annual report, such as the number of licensed SBICs and the amount of government leverage each has received; (2) the number of SBIC applicants approved; and (3) the number of jobs created or sustained as a result of SBIC investments. (In general, an SBIC may receive $2 of SBA-guaranteed financing for every $1 in private capital the SBIC raises, subject to a $150 million limit).
Cosponsors 1
Members who signed on, in the order they did. All signed on Sep 14, 2026.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MN | Kelly Morrison | Original | Sep 14, 2026 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Small Business Committee | Referred Sep 14, 2026Markup Sep 16, 2026Reported Oct 9, 2026 |
| Senate | Small Business and Entrepreneurship Committee | Referred Nov 12, 2026 |
Actions 12
Everything that happened, newest first.
- Nov 12, 2026Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Nov 11, 2026Mr. Williams (TX) moved to suspend the rules and pass the bill.
- Nov 11, 2026Considered under suspension of the rules.
- Nov 11, 2026DEBATE - The House proceeded with forty minutes of debate on H.R. 10353.
- Nov 11, 2026Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
- Nov 11, 2026Motion to reconsider laid on the table Agreed to without objection.
- Oct 9, 2026Reported by the Committee on Small Business. H. Rept. 119-845.
- Oct 9, 2026Placed on the Union Calendar, Calendar No. 742.
- Sep 16, 2026Committee Consideration and Mark-up Session Held
- Sep 16, 2026Ordered to be Reported by the Yeas and Nays: 23 - 0.
- Sep 14, 2026Introduced in House
- Sep 14, 2026Referred to the House Committee on Small Business.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 172, no. 144, September 14, 2026, page H5621.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
Titles 5
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Small Business Investment Act of 1958 to require a quarterly report on small business investment companies, and for other purposes.
- Short Title(s) as Introduced
- SBIC Reporting Modernization Act of 2026
- Short Title(s) as Reported to House
- SBIC Reporting Modernization Act of 2026
- Short Title(s) as Passed House
- SBIC Reporting Modernization Act of 2026
- Official Title from EH (Engrossed in House) bill text
- To amend the Small Business Investment Act of 1958 to require a quarterly report on small business investment companies, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 3
Each version as it was printed, newest first.
- Nov 11, 2026Engrossed in House
- Oct 9, 2026Reported in House
- Sep 14, 2026Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
