HR 4130 · 119th Congress · Finance and Financial Sector

Small Business Relief Act

Introduced 2025-06-25· Sponsored by Rep. Garbarino, Andrew R. [R-NY-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 450.(2026-02-25)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 4130, Small Business Relief Act

Mar 16, 2026

As reported by the House Committee on Financial Services on February 25, 2026

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (1)

1 Republican
Rep. Sessions, Pete [R-TX-17]TX