H.R. 4130

119th Congress

Reported

Small Business Relief Act

Sponsored byRepublican:Rep. Garbarino, Andrew R. [R-NY-2]NY· Introduced 25 June 2025
Open on Congress.gov

1

Cosponsors

9

Actions

0

Amendments

1

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Placed on the Union Calendar, Calendar No. 450.

25 February 2026·4 months ago

Summary

Reported to House · Updated 8 April 2026

Small Business Relief Act

This bill allows issuers of securities to have institutional investors and buyers in a class of securities without needing to comply with certain Securities and Exchange Commission (SEC) registration requirements.

Currently, issuers of securities must register with and periodically report to the SEC when, among other requirements, the number of investors in a class of securities exceeds a specific cap. Under the bill, qualified institutional buyers and institutional accredited investors do not count towards this cap.

Timeline

9 actions

  1. Placed on the Union Calendar, Calendar No. 450.

    25 February 2026 · Calendars

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.

    25 February 2026 · Committee

  3. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.

    25 February 2026 · Committee

  4. Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.

    17 December 2025 · Committee

  5. Committee Consideration and Mark-up Session Held

    17 December 2025 · Committee

  6. Committee Consideration and Mark-up Session Held

    16 December 2025 · Committee

  7. Referred to the House Committee on Financial Services.

    25 June 2025 · IntroReferral

  8. Introduced in House

    25 June 2025 · IntroReferral

  9. Introduced in House

    25 June 2025 · IntroReferral

Sponsorship

1 cosponsors

Sponsor

Republican:Rep. Garbarino, Andrew R. [R-NY-2]NY

Cosponsors

  • Republican1100%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Business investment and capitalBusiness recordsLicensing and registrationsSecuritiesSmall business

Committees

1

  • Financial Services Committee

    House · Standing

    • Referred To25 Jun 2025
    • Markup By16 Dec 2025
    • Markup By17 Dec 2025
    • Reported By25 Feb 2026

Reports

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