119th Congress · introduced in the House · Jun 25, 2025
Small Business Relief Act
Official title from Congress.gov
Latest action (Feb 25, 2026): Placed on the Union Calendar, Calendar No. 450.
View on Congress.govPolicy area: Finance and Financial Sector
Congressional Research Service summary, version: Reported to House (Feb 25, 2026)
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.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Placed on the Union Calendar, Calendar No. 450.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.
Committee Consideration and Mark-up Session Held
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
Business investment and capital · Business records · Licensing and registrations · Securities · Small business
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
1 citation.
AMERICANS FOR FINANCIAL REFORM · lobbying firm or registrant: AMERICANS FOR FINANCIAL REFORM
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Feb 3, 2026 · issue area: Financial Institutions/Investments/Securities
$150,000
Spent on own lobbying
…0, the Expanding WKSI Eligibility Act H.R. 4431, the Improving Capital Allocation for Newcomers (ICAN) Act S 2989 Stop Medical Profiteering and Theft (MPT) Act H.R. 4130, the Small Business Relief Act H.R. 6541, the Regulation A+ Improvement Act HR 4801 Unleashing AI Innovation in Financial Services Act HR 3959 Protecting Priva…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing