United States504 Program Risk Oversight Act
What it does
This bill requires the Small Business Administration (SBA) to annually conduct a risk analysis of all loans guaranteed under the 504 loan program.
More detail
The 504 loan program provides long-term, fixed-rate financing to qualifying small businesses for major fixed assets, such as land, buildings, equipment, and machinery.
The SBA must annually report the results of the risk analysis for each preceding fiscal year, including the steps taken by the SBA to mitigate the risks identified in the analysis.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jan 26Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.Latest
- Jan 20Mr. Williams (TX) moved to suspend the rules and pass the bill.
- Jan 20Considered under suspension of the rules. (consideration: CR H932-934)
- Jan 20DEBATE - The House proceeded with forty minutes of debate on H.R. 5788.
- Jan 20Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)Passed House
- Jan 20Motion to reconsider laid on the table Agreed to without objection.
- 2025
- Dec 12Reported by the Committee on Small Business. H. Rept. 119-404.
- Dec 12Placed on the Union Calendar, Calendar No. 352.
- Nov 18Committee Consideration and Mark-up Session Held
- Nov 18Ordered to be Reported by the Yeas and Nays: 27 - 0.
- Oct 17Introduced in House
- Oct 17Referred to the House Committee on Small Business.Introduced