HR 4130

Summary

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.

Bill status

Status

Reported

Sponsor

Rep. Andrew R. Garbarino [R-NY-2]

Cosponsors

1

Policy area

Finance and Financial Sector

Introduced

2025-06-25

Latest action

2026-02-25: Placed on the Union Calendar, Calendar No. 450.

Committee referrals

• Financial Services Committee: House · Reported By · 2026-02-25
• Financial Services Committee: House · Markup By · 2025-12-17
• Financial Services Committee: House · Markup By · 2025-12-16
• Financial Services Committee: House · Referred To · 2025-06-25

Recent actions

• 2026-02-25: Placed on the Union Calendar, Calendar No. 450.
• 2026-02-25: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.
• 2026-02-25: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.
• 2025-12-17: Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.
• 2025-12-17: Committee Consideration and Mark-up Session Held