H.R. 5788 · Passed House · Commerce

504 Program Risk Oversight Act

Sponsor: Derek Tran (D-CA)

What it does

• Requires the Small Business Administration to conduct an annual risk analysis of all loans guaranteed under the 504 loan program.
• Covers a program that provides long-term, fixed-rate financing to small businesses for major fixed assets such as land, buildings, equipment, and machinery.
• Requires an annual report on the results for the preceding fiscal year, including the steps the SBA took to mitigate the risks identified.

Official summary

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.

Latest action

Jan 26, 2026: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Committee: Senate Small Business and Entrepreneurship