A Republican bill with 1 Democratic cosponsor · See the cosponsor
Last activity — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
In the other chamber's committee
Passed one chamber and has been handed to a committee in the other.
The committee decides whether it goes any further, and most bills that reach a committee never leave it. A committee that simply does nothing kills a bill without anyone ever voting against it, so no news from here is usually the news.
Its path through Congress
- Introduced
- Passed House voice vote
- In Senate committee
The House by voice vote (members called out yes or no together): no member's position on it was recorded.
What this bill would do
This bill is known as the SBIC Reporting Modernization Act of 2026. It amends the Small Business Investment Act of 1958. The legislation requires a quarterly report to be published on a webpage of the Administration. This report must cover small business investment companies licensed under the title. The reporting requirement begins 90 days after the bill's enactment.
Yes· 3 of 5
- Scored +3
Does this make what the government does easier for the public to see?
The bill requires the publication of detailed quarterly reports on a public webpage.
- Scored +2
Does this make it easier to run a small business?
Modernizing reporting for SBICs improves transparency and accessibility of data regarding small business investment.
- Scored +2
Would business owners be better off under this?
Increased transparency regarding SBIC investments can benefit small business owners seeking capital.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Transparency on Job Creation: Under Section 2, adding paragraph (4)(B)(v) to Section 308(g) requires the report to include the number of jobs created or sustained due to investments made by small business investment companies. This is positive because it holds officials accountable by showing the actual employment impact of these investments on the people.
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Clearer Tracking of Approvals: Under Section 2, adding paragraph (4)(B)(ii) and (iii) to Section 308(g) requires the report to show the number of approved applicants moving to the final licensing phase and those meeting specific requirements. This gives the public a clear look at how many businesses are moving through the licensing process.
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Financial Accountability: Under Section 2, adding paragraph (4)(B)(iv) to Section 308(g) requires the report to include the dollar value of debentures issued. This helps keep track of the financial resources being used.
Potential Negative Impacts for People
- No Negative Impacts Identified: Based strictly on the provided text, there are no specific sections or provisions that outline negative consequences or burdens for individuals or groups of people in the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make it easier to run a small business? — Modernizing reporting for SBICs improves transparency and accessibility of data regarding small business investment. Is this likely to grow the economy? — Increased transparency in SBIC performance can lead to better-informed investment decisions and growth. Is this likely to create jobs? — The bill mandates tracking and reporting of jobs created or sustained, which encourages accountability in job creation.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill requires the publication of detailed quarterly reports on a public webpage.
- Demographic And Interest Groups
- Would business owners be better off under this? — Increased transparency regarding SBIC investments can benefit small business owners seeking capital.
The version one chamber actually passed
What changed from Reported in House: No change to the wording. Only the printed details that record the bill’s progress, such as the heading and dates, are different.
A committee approved it and sent it to the floor
What changed from Introduced in House: No change to the wording. Only the printed details that record the bill’s progress, such as the heading and dates, are different.
- 11/12/2026
- Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 11/11/2026
- Motion to reconsider laid on the table Agreed to without objection.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
- On motion to suspend the rules and pass the bill Agreed to by voice vote.
- DEBATE - The House proceeded with forty minutes of debate on H.R. 10353.
- Considered under suspension of the rules.
- Mr. Williams (TX) moved to suspend the rules and pass the bill.
- 10/9/2026
- Reported by the Committee on Small Business. H. Rept. 119-845.
- Placed on the Union Calendar, Calendar No. 742.
- 9/16/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported by the Yeas and Nays: 23 - 0.
- 9/14/2026
- Referred to the House Committee on Small Business.
- 1 Cosponsor added.
- Introduced in House
Kelly MorrisonDemocrat · Minnesota