H.R. 4130: Small Business Relief Act

119th Congress · introduced 2025-06-25 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 450.

federal

What does this mean?

Official title

Small Business Relief Act

Plain 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.

Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Small Business Relief Act

Source: Congressional Research Service summary (Reported to House)

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The strongest published arguments

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Officials and money

Sponsor: Rep. Garbarino, Andrew R. [R-NY-2] · 1 cosponsors

Money: CBO cost estimate: H.R. 4130, Small Business Relief Act (2026-03-16) No linked contracts or vendors yet.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr4130.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr4130 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills