SBA must share quarterly reports on small business lending.
H.R. 10353 — SBIC Reporting Modernization Act of 2026 · Filed by Brad Finstad (R-MN) · 1 cosponsor · Introduced Sep 14, 2026 · Reported out
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What it does
The bill tells the Small Business Administration to publish a report every three months. The report starts 90 days after the law passes. It must show licenses, applicants, and money given out. It must also show how many jobs were created.
Who it affects
Citizens and small business owners get access to program facts. The SBA must spend time preparing and publishing the reports.
One thing to notice
The reports may show if the program is working well. This could lead to program changes or different funding.
From the analysis of the bill text, linked under Primary records below.
Where it stands
1 cosponsor: 1 Democrats.
- Sep 14, 2026 — Introduced · Congress.gov: “Introduced in House”
- Sep 14, 2026 — Referred to House Committee on Small Business · Congress.gov: “Referred to the House Committee on Small Business”
- Sep 16, 2026 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
- Sep 16, 2026 — Reported out of committee · Congress.gov: “Ordered to be Reported by the Yeas and Nays: 23 - 0”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- Small Business Administration — A government agency that helps small businesses grow and get loans.
- quarterly — Every three months.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,230 characters) on Sep 16, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,522 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-22.
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