SBIC Reporting Modernization Act of 2026

This legislative proposal amends the Small Business Investment Act of 1958 to enhance transparency and oversight of Small Business Investment Companies (SBICs). It mandates that the Administrator of the Small Business Administration publish a comprehensive report on SBICs on a public webpage every quarter, commencing 90 days after the bill's enactment. Each quarterly report must include crucial data points such as the number of applicants approved for the final licensing phase and those meeting specific statutory requirements. Additionally, the reports will detail the dollar value of debentures issued under the program and quantify the number of jobs created or sustained due to investments made by these small business investment companies, providing a clearer picture of the program's economic impact.