Small Business Relief Act
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.
- IntroducedJun 25, 2025
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- 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.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TX | Pete Sessions | Dec 16, 2025 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jun 25, 2025Markup Dec 16, 2025Markup Dec 17, 2025Reported Feb 25, 2026 |
Actions 7
Everything that happened, newest first.
- Feb 25, 2026Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.
- Feb 25, 2026Placed on the Union Calendar, Calendar No. 450.
- Dec 17, 2025Committee Consideration and Mark-up Session Held
- Dec 17, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.
- Dec 16, 2025Committee Consideration and Mark-up Session Held
- Jun 25, 2025Introduced in House
- Jun 25, 2025Referred to the House Committee on Financial Services.
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
Congressional Budget Office cost estimate
- Mar 16, 2026H.R. 4130, Small Business Relief ActAs reported by the House Committee on Financial Services on February 25, 2026
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 171, no. 109, June 25, 2025, page H2970.
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes.
- Short Title(s) as Introduced
- Small Business Relief Act
- Short Title(s) as Reported to House
- Small Business Relief Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Feb 25, 2026Reported in House
- Jun 25, 2025Introduced 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.
