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Congress·Reported·3 months ago

Yearly Risk Review and Public Reports for Small Business 504 Loans

Also known as: 504 Program Risk Oversight Act

Legislative Progress

✓ Filed
Review
House
Senate
President

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

Milestones

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.

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.

Sponsor

Cosponsors

(3)
D: 2R: 1

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.