HR 4130 · 119th Congress 2025–2027

Small Business Relief Act

Introduced Jun 25, 2025 Originated House Sponsor Andrew R. Garbarino R-NY

Fact sheet

Latest action · Feb 25, 2026 Placed on the Union Calendar, Calendar No. 450.

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.

  1. IntroducedJun 25, 2025
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Small Business Relief Act

This bill allows issuers of securities to have institutional investors and buyers in a class of securities without needing to comply with certain Securities and Exchange Commission (SEC) registration requirements.

Currently, issuers of securities must register with and periodically report to the SEC when, among other requirements, the number of investors in a class of securities exceeds a specific cap. Under the bill, qualified institutional buyers and institutional accredited investors do not count towards this cap.

Cosponsors 1

Members who signed on, in the order they did. All signed on Dec 16, 2025.

SeatCosponsorSigned on
R-TXPete SessionsDec 16, 2025

Actions 7

Everything that happened, newest first.

  1. Feb 25, 2026Placed on the Union Calendar, Calendar No. 450.
  2. Feb 25, 2026Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.
  3. Dec 17, 2025Committee Consideration and Mark-up Session Held
  4. Dec 17, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.
  5. Dec 16, 2025Committee Consideration and Mark-up Session Held
Show all 7 actions

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 2

Each version as it was printed, newest first.

  1. Feb 25, 2026Reported in House
  2. Jun 25, 2025Introduced in House

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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.