Congress·Reported·H.R. 5788

504 Program Risk Oversight Act

Yearly Risk Review and Public Reports for Small Business 504 Loans

Dec 12, 2025·View on Congress.gov·Read full text

StalledNext up: The HouseNo action in 7 months

This bill has been approved by its committee and is now waiting for a vote by the full House of Representatives. It has been stalled since June 2025 with no new actions taken for six months. Although the bill reached a major milestone by leaving committee, it is not moving forward at this time.

Legislative Progress

House

No action since December 2025

Senate

President

Law

Key Points

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

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

7 milestones15 actions

Jan 26, 2026Senate

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

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

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)

The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.

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)

The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.

Jan 20, 2026House

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

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

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.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(3)

D: 2R: 1

Analysis generated by AI. Always verify with official sources.