119th Congress · HOUSE BILLBILL

H.R. 4130 — Small Business Relief Act

“To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes.”

Finance and financial sector

Introduced Jun 25, 2025

Last action Feb 25, 2026

Pipeline · Bill → Law

Step 1

Introduced

Jun 25, 2025

Step 2

Referred

Jun 25, 2025

Financial Services

Step 3

Committee

Dec 17, 2025

Reported out

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsReported to House

2 versions

Reported to House · 2 provisions

AmendmentAI

Timeline · 7 actions

Feb 25, 2026

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

Feb 25, 2026

Placed on the Union Calendar, Calendar No. 450.

Dec 17, 2025

Committee Consideration and Mark-up Session Held

Dec 17, 2025

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

Dec 16, 2025

Committee Consideration and Mark-up Session Held

Jun 25, 2025

Introduced in House

Jun 25, 2025

Referred to the House Committee on Financial Services.