We have received text from H.R. 10353: SBIC Reporting Modernization Act of 2026. This bill was received on 2026-09-14, and currently has 1 cosponsor.
Here is a short summary of the bill:
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
Representative Brad Finstad Bill Proposals
Here are some bills which have recently been proposed by Representative Brad Finstad:
- H.R.10353: SBIC Reporting Modernization Act of 2026
- H.R.10260: Reducing Arbitrary Barriers to Apprenticeship Act of 2026
- H.R.10021: To authorize the President to award the Medal of Honor to Earl L. Nolte for acts of valor as a member of the Army during World War II.
- H.R.9576: National Fraud Enforcement Division Act of 2026
- H.R.9055: Veteran Burial Benefit Correction Act
- H.R.9025: To designate the facility of the United States Postal Service located at 200 1st Avenue Southeast in Austin, Minnesota, as the "John Madden Memorial Post Office".
You can track bills proposed by Representative Brad Finstad on Quiver Quantitative's politician page for Finstad.
Representative Brad Finstad Net Worth
Quiver Quantitative estimates that Representative Brad Finstad is worth $4.0M, as of September 15th, 2026. This is the 196th highest net worth in Congress, per our live estimates.
Finstad has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative Brad Finstad's net worth on Quiver Quantitative's politician page for Finstad.
2026 Minnesota's 1st Congressional District Election
There has been approximately $4,936,804 of spending in Minnesota's 1st congressional district elections over the last two years, per our estimates.
Approximately $162,518 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- PROJECT 218 ($85,107)
- SAVE AMERICAN FREEDOM ($50,000)
- MINNESOTA DEMOCRATIC-FARMER-LABOR PARTY ($15,700)
- TAKEACTION MN FEDERAL FUND ($7,062)
- AFSCME WORKING FAMILIES FUND ($4,587)
The rating for this race is currently "Likely R".
You can track this election on our matchup page for the 2026 Minnesota's 1st congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
