{"bill":{"id":"119-hr-4130","congress":119,"type":"HR","number":4130,"title":"Small Business Relief Act","originChamber":"House","introducedDate":"2025-06-25","sponsors":[{"bioguideId":"G000597","fullName":"Rep. Garbarino, Andrew R. [R-NY-2]","party":"R","state":"NY","district":2}],"cosponsorsCount":1,"latestAction":{"actionDate":"2026-02-25","text":"Placed on the Union Calendar, Calendar No. 450."},"policyArea":"Finance and Financial Sector","subjects":["Business investment and capital","Business records","Licensing and registrations","Securities","Small business"],"actions":[{"date":"2026-02-25","text":"Placed on the Union Calendar, Calendar No. 450.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2026-02-25","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2026-02-25","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2025-12-17","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-12-17","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-12-16","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-06-25","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-06-25","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-06-25","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Small Business Relief Act</strong></p><p>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.</p><p>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&nbsp;cap.</p>","updateDate":"2026-04-08T20:34:53Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":583,"ts":"2026-04-19T11:02:39.962Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=Small%20Business%20Relief%20Act"}]}}