Congress·Reported·H.R. 5788

Yearly Risk Review and Public Reports for Small Business 504 Loans

504 Program Risk Oversight Act

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Stalled

No legislative action in over 90 days.

Legislative Progress

House

Senate

President

Law

The Small Business Administration must run a yearly risk check on all loans in its 504 program, which helps small firms buy buildings and equipment.
Each year, a report to Congress and online will break down risks by industry, loan size, loan age, whether the borrower is new or established, and special-purpose properties.
The report lists how many loans and dollars are made, loans that went bad, money recovered, losses written off, enforcement actions taken, and any fines.
The agency must explain what steps it is taking to reduce the risks it finds, and post the report online within 7 days of sending it to Congress.
The report groups results for large lenders without naming them, so the public sees patterns while individual lenders are not singled out.

Small BusinessEconomy

7 milestones15 actions

Jan 26, 2026Senate

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Jan 20, 2026House

Motion to reconsider laid on the table Agreed to without objection.

Jan 20, 2026House

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)

Jan 20, 2026

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)

Jan 20, 2026House

DEBATE - The House proceeded with forty minutes of debate on H.R. 5788.

Document Type

Congressional Bill

Official Title

504 Program Risk Oversight Act

Bill NumberHR 5788

Congress119th Congress

ChamberHouse of Representatives

Latest ActionPlaced on the Union Calendar, Calendar No. 352.

(3)

D: 2R: 1

Congress.gov

Official legislative information

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