H.R. 10353, the SBIC Reporting Modernization Act of 2026, amends the Small Business Investment Act of 1958 to require the Small Business Administration to publish a quarterly public report on Small Business Investment Companies, which are privately owned investment funds licensed by the SBA to provide financing to small businesses. Starting 90 days after the law takes effect, and every quarter afterward, the SBA must post this report on its website. The report must include details such as the number of applicants approved to move forward in the licensing process, the number meeting specific regulatory requirements, the dollar value of debentures (a type of debt financing) issued, and the number of jobs created or sustained through these investments. The bill primarily affects the SBA's reporting obligations and provides greater transparency for lawmakers, investors, and the public regarding the performance and impact of the SBIC program. It does not create new funding but mandates more frequent and detailed disclosure of existing program data.