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Expressing support for the recognition of the week of November 1 through November 7, 2026, as "Drowsy Driving Prevention Week".
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119th Congress · H.R. 10353 · Introduced

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).

Full bill text →

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SubjectsBusiness investment and capitalCongressional oversightEconomic performance and conditionsGovernment information and archivesGovernment studies and investigationsSmall business

XML scalars

congress
119
type
HR
number
10353
originChamber
House
originChamberCode
H
introducedDate
2026-09-14
updateDate
2026-11-04T13:33:35Z
updateDateIncludingText
2026-11-04T13:33:35Z
title
SBIC Reporting Modernization Act of 2026
legislationUrl
https://www.congress.gov/bill/119th-congress/house-bill/10353

Constitutional authority statement (CDATA)

[Congressional Record Volume 172, Number 144 (Monday, September 14, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FINSTAD:H.R. 10353.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H5621]

Pipeline

Track
federal_presidential
Stage
Introduced
Stage rank
3

Sponsor

  • Rep. Finstad, Brad [R-MN-1] · [R-MN-1] · F000475
    Rep-MN-1 current · 3 terms · @RepFinstad · 2 district offices

Sponsor record (congress_legislators)

Bio (legislators)

bioguide
F000475
status
current
official_full
Brad Finstad
first
Brad
middle
null
last
Finstad
suffix
null
nickname
null
birthday
1976-05-30
gender
M

Current term (3 total)

type
rep
state
MN
district
1
class
null
party
Republican
caucus
null
start
2025-01-03
end
2027-01-03
end_type
null
how
null
url
https://finstad.house.gov
address
2418 Rayburn House Office Building Washington DC 20515-2301
office
2418 Rayburn House Office Building
phone
202-225-2472
fax
null
contact_form
null
rss_url
null

Leadership roles (0)

none

Committee memberships (11)

  • Commodity Markets, Digital Assets, and Rural Development (house) · house · rank 8
  • Cyber, Information Technologies, and Innovation (house) · house · rank 4
  • General Farm Commodities, Risk Management, and Credit (house) · house · rank 8
  • House Committee on Agriculture (house) · house · rank 17 · site
  • House Committee on Armed Services (house) · house · rank 16 · site
  • House Committee on Small Business (house) · house · rank 7 · site
  • Livestock, Dairy, and Poultry (house) · house · rank 10
  • Nutrition and Foreign Agriculture (house) · house · Chair · rank 1
  • Oversight, Investigations, and Regulations (house) · house · rank 3
  • Rural Development, Energy, and Supply Chains (house) · house · rank 3
  • Tactical Air and Land Forces (house) · house · rank 5

Social media

District offices (2)

  • 2746 Superior Drive NW, Suite 100, Rochester, MN, 55901 · 507-577-6140 · 44.0522535,-92.5237227
  • 110 N. Minnesota St., Suite 5, New Ulm, MN, 56073 · 507-577-6151 · 44.3149509,-94.4601631

Other names (0)

none

Sponsor FEC record (fec_live)

Candidate record (candidates) · cycle 2026

candidate_id
H2MN01223
cycle
2026
name
FINSTAD, BRAD
party
REPUBLICAN PARTY
office
House
state
MN
district
01
incumbent_challenge
Incumbent
candidate_status
C
active_through
2026
election_year
null
first_file_date
2022-03-07
last_file_date
2026-07-22
last_f2_date
2026-07-22
address
null

Candidate summary (candidate_summaries) · cycle 2026

cycle
2026
total_receipts
$2,030,569.31
total_disbursements
$808,055.36
cash_on_hand_end_period
$1,283,923.18
debts_owed_by_committee
$0.00
coverage_start_date
2025-01-01
coverage_end_date
2026-07-22

Connected committees (0)

none

Cosponsors (1)

  • Rep. Morrison, Kelly [D-MN-3] · [D-MN-3] · M001234 · Co-sponsored 2026-09-14 · original
    Dem-MN-3 current · 1 term · @kellymorrisonmn · 1 district office

Committees (1)

  • Small Business Committee [House Standing]
    2026-10-09T16:27:49ZReported By
    2026-09-16T20:25:27ZMarkup By
    2026-09-14T16:00:40ZReferred To

Actions — from XML (8)

  • 2026-10-09CalendarsH12410via House floor actions
    Placed on the Union Calendar, Calendar No. 742.
  • 2026-10-09CommitteeH12200via House floor actions
    Reported by the Committee on Small Business. H. Rept. 119-845.
  • 2026-10-09Committee5000via Library of Congress
    Reported by the Committee on Small Business. H. Rept. 119-845.
  • 2026-09-16Committeevia House committee actions
    Ordered to be Reported by the Yeas and Nays: 23 - 0.
  • 2026-09-16Committeevia House committee actions
    Committee Consideration and Mark-up Session Held
  • 2026-09-14IntroReferralH11100via House floor actions
    Referred to the House Committee on Small Business.
  • 2026-09-14IntroReferralIntro-Hvia Library of Congress
    Introduced in House
  • 2026-09-14IntroReferral1000via Library of Congress
    Introduced in House

Actions — from bill_actions table (0)

none

Titles

  • Short Title(s) as Reported to HouseRHH2026-10-10T05:53:24Z
    SBIC Reporting Modernization Act of 2026
  • Display Title2026-09-15T08:23:18Z
    SBIC Reporting Modernization Act of 2026
  • Short Title(s) as IntroducedIH2026-09-15T08:23:17Z
    SBIC Reporting Modernization Act of 2026
  • Official Title as IntroducedIH2026-09-15T08:18:37Z
    To amend the Small Business Investment Act of 1958 to require a quarterly report on small business investment companies, and for other purposes.

Text versions (from XML)

Versions — from bill_versions table (0)

none

Policy area

Commerce

Summaries

07 · 2026-10-09 · Reported to House

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).

Related bills

none

Amendments (0)

none

Laws

none

Committee reports

  • H. Rept. 119-845

Calendar number

null

CBO cost estimates

none

Latest action

Date
2026-10-09
Text
Placed on the Union Calendar, Calendar No. 742.
Time
null

Dublin Core

format
text/xml
language
EN
rights
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
contributor
Congressional Research Service, Library of Congress
description
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.

Row fields (debug)

id
18673
congress
119
bill_type
hr
bill_number
10353
bill_slug
hr-10353-119
title
SBIC Reporting Modernization Act of 2026
short_title
SBIC Reporting Modernization Act of 2026
sponsor_bioguide_id
F000475
sponsor_name
Rep. Finstad, Brad [R-MN-1]
sponsor_party
R
sponsor_state
MN
introduced_date
2026-09-14
latest_action_date
2026-10-09
latest_action_text
Placed on the Union Calendar, Calendar No. 742.
status
null
policy_area
Commerce
subjects_json
[
  "Business investment and capital",
  "Congressional oversight",
  "Economic performance and conditions",
  "Government information and archives",
  "Government studies and investigations",
  "Small business"
]
govinfo_billstatus_path
BILLSTATUS-119hr10353
raw_billstatus_xml
<?xml version="1.0" encoding="utf-8" standalone="no"?> <billStatus> <version>3.0.0</version> <bill> <number>10353</number> <updateDate>2026-11-04T13:33:35Z</updateDate> <updateDateIncludingText>2026-11-04T13:33:35Z</updateDateIncludingText> <originChamber>House</originChamber> <originChamberCode>H</originChamberCode> <type>HR</type> <introducedDate>2026-09-14</in…
summary_lede
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) …
topic_primary
economy
topic_secondary_json
[]
action_family
introduced_only
response_available
0
response_type
null
response_deadline
null
importance_score
null
consequence_score
null
urgency_score
null
overall_score
null
in_canopy
0
canopy_expires_at
null
pipeline_track
federal_presidential
pipeline_stage
introduced
pipeline_stage_rank
3
stable_action_id
hr-10353-119
jurisdiction
federal
lock_status
open
lock_at
null
content_hash
f59fb3ecca7e9e646ceec50879021d7e9bc30e26d468932a95e51a6368a130f7
anchored_at
null
anchor_merkle_root
null
source_kind
api_fill
first_seen_at
2026-09-15T11:30:01.980706+00:00
last_seen_at
2026-11-05T12:30:55.291625+00:00
⎔ Anchored0x0000…0000Epoch 2026-Q4