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HR 4130 · introduced · significant

Small Business Relief Act

What this bill does

  • This bill exempts certain institutional investors from SEC registration thresholds for securities issuers.
  • Small businesses and securities issuers are affected by reduced compliance requirements.
  • The change takes effect immediately upon enactment with no specified cost.

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Community Threads

Started by Cosponsor

  1. 01

    How would reducing SEC registration requirements for small business securities issuers affect investor protection compared to current disclosure standards?

  2. 02

    Which types of institutional investors would benefit most from this exemption, and could this create unequal access to investment opportunities?

  3. 03

    What evidence suggests that current SEC registration thresholds impose compliance costs that outweigh the benefits of investor safeguards for small issuers?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-NY-2

Andrew R. Garbarino

Citizen cosponsors

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House Reps cosponsoring

Introduced 2026-02-25

Joining the bill

Legislative timeline

  1. 2026-02-25 · house · Calendars

    Placed on the Union Calendar, Calendar No. 450.

  2. 2026-02-25 · house · Committee

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

  3. 2026-02-25 · Committee

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

  4. 2025-12-17 · house · Committee

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

  5. 2025-12-17 · house · Committee

    Committee Consideration and Mark-up Session Held

  6. 2025-12-16 · house · Committee

    Committee Consideration and Mark-up Session Held

  7. 2025-06-25 · house · IntroReferral

    Referred to the House Committee on Financial Services.

  8. 2025-06-25 · IntroReferral

    Introduced in House

  9. 2025-06-25 · IntroReferral

    Introduced in House

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