H.R. 10353: SBIC Reporting Modernization Act of 2026

This bill would require the Small Business Administration (SBA) to publish a quarterly online report about small business investment companies (SBICs), starting 90 days after the bill becomes law.

What SBICs are

SBICs are privately owned and managed investment companies that are licensed under a federal program to invest in small businesses. The bill does not change how SBICs operate or how they are funded; it mainly changes what information the SBA must report publicly.

What the new report would include

Each quarterly report would cover the period in question and include:

• The information already required under current law for SBIC reports.
• The number of applicants approved to move into the final licensing phase.
• The number of those approved applicants that then met the remaining qualification requirements.
• The dollar amount of debentures issued under the program.
• The number of jobs created or sustained through SBIC investments.

Practical effect

In simple terms, the bill would make the SBA share SBIC program data more often and in a more standardized way, so the public can track how the program is working throughout the year instead of waiting for less frequent updates.

Relevant Companies

None found