HR 4130
119th Congress
House
Finance and Financial Sector
Small Business Relief Act
Introduced: June 25, 2025
Introduced by:
Garbarino, Andrew R.
Republican
· New York
See on congress.gov
Everywhere this bill has been
7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 2026
Placed on the Union Calendar, Calendar No. 450.
Feb 25, 2026
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.
Dec 17, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.
Dec 17, 2025
Committee Consideration and Mark-up Session Held
Dec 16, 2025
Committee Consideration and Mark-up Session Held
Jun 25, 2025
Referred to the House Committee on Financial Services.
Jun 25, 2025
Introduced in House
Plain-English 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.
What's happening now
Placed on the Union Calendar, Calendar No. 450.
Cosponsors
1