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HOUSE 5788119th CongressReceived in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

504 Program Risk Oversight Act

Last Action
1/26/2026

Actions

  • 2026-01-26Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • 2026-01-20Motion to reconsider laid on the table Agreed to without objection.
  • 2026-01-20On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
  • 2026-01-20Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
  • 2026-01-20DEBATE - The House proceeded with forty minutes of debate on H.R. 5788.
  • 2026-01-20Considered under suspension of the rules. (consideration: CR H932-934)
  • 2026-01-20Mr. Williams (TX) moved to suspend the rules and pass the bill.
  • 2025-12-12Placed on the Union Calendar, Calendar No. 352.
  • 2025-12-12Reported by the Committee on Small Business. H. Rept. 119-404.
  • 2025-12-12Reported by the Committee on Small Business. H. Rept. 119-404.
  • 2025-11-18Ordered to be Reported by the Yeas and Nays: 27 - 0.
  • 2025-11-18Committee Consideration and Mark-up Session Held
  • 2025-10-17Referred to the House Committee on Small Business.
  • 2025-10-17Introduced in House
  • 2025-10-17Introduced in House

CRS Summary

As of 2025-12-12 (07)

504 Program Risk Oversight Act

This bill requires the Small Business Administration (SBA) to annually conduct a risk analysis of all loans guaranteed under the 504 loan program.

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.

Cosponsors (3)

  • Jimmy Patronis (R-FL)
  • Gilbert Cisneros (D-CA)
  • Maggie Goodlander (D-NH)

Subjects

  • Bank accounts, deposits, capital
  • Civil actions and liability
  • Congressional oversight
  • Government information and archives
  • Government studies and investigations
  • Performance measurement
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.