Sponsors (2)
The bill increases transparency and decision-useful data about SBIC activity for investors and policymakers, at the cost of added administrative burden and risks that public reporting could mislead readers or reveal sensitive applicant information.
Small business owners, investors, taxpayers, and policymakers get regular public access to standardized SBIC data (quarterly online reports starting 90 days after enactment) — including licensing activity, debenture volumes, and job impacts — improving transparency and supporting oversight.
Entrepreneurs and investors can better evaluate SBIC activity and make funding decisions because reports show applicant progress to final licensing and whether statutory requirements are met.
Reported metrics (for example, jobs attributed to SBIC investments) could be misleading if measurement methods are inconsistent or unclear, causing businesses, investors, and the public to draw incorrect conclusions.
Publicizing counts of applicants and approvals may expose sensitive competitive or proprietary information about prospective SBIC applicants, potentially harming small businesses' competitive positions.
The SBA will incur additional administrative costs to collect, validate, and publish quarterly data, which could increase agency workload or require budget reallocations funded by taxpayers.
Based on analysis of 2 sections of legislative text.
Requires the SBA to publish quarterly webpage reports on SBIC licensing, debenture issuance, and jobs created or sustained, starting within 90 days of enactment.
Requires the Small Business Administration to publish a publicly accessible quarterly webpage report on the performance of licensed Small Business Investment Companies (SBICs). The report must start no later than 90 days after enactment and include existing performance data plus counts of applicants reaching the final licensing phase, counts of those meeting statutory requirements, total debenture dollar value, and jobs created or sustained by SBIC investments. The change is purely a reporting and transparency requirement for the SBA; it does not create new spending authorizations or change SBIC program rules beyond adding the new reporting element.
Official title: To amend the Small Business Investment Act of 1958 to require a quarterly report on small business investment companies, and for other purposes.
Introduced September 14, 2026 by Brad Finstad · Last progress September 14, 2026