Federal · 119th Congress
504 Program Risk Oversight Act
Policy areaCommerce
Summary
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.
Sponsor
Cosponsors3
Other titles2
To amend title V of the Small Business Investment Act of 1958 to require an annual portfolio risk analysis of loans guaranteed under such title, and for other purposes.Official Title as IntroducedOfficial Titles from EH (Engrossed in House) bill text
504 Program Risk Oversight ActShort Title(s) as IntroducedShort Title(s) as Reported to HouseShort Title(s) as Passed HouseShort Titles from RFS (Referred to Senate) bill text
Legislative history12
Jan 26, 2026
SenateReceived in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jan 20, 2026
House · FloorMotion to reconsider laid on the table Agreed to without objection.
Jan 20, 2026
House · FloorOn motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
Jan 20, 2026
House · FloorDEBATE - The House proceeded with forty minutes of debate on H.R. 5788.
Jan 20, 2026
House · FloorConsidered under suspension of the rules. (consideration: CR H932-934)
Jan 20, 2026
House · FloorMr. Williams (TX) moved to suspend the rules and pass the bill.
Dec 12, 2025
HousePlaced on the Union Calendar, Calendar No. 352.
Dec 12, 2025
House · CommitteeReported by the Committee on Small Business. H. Rept. 119-404.
Nov 18, 2025
House · CommitteeOrdered to be Reported by the Yeas and Nays: 27 - 0.
Nov 18, 2025
House · CommitteeCommittee Consideration and Mark-up Session Held
Oct 17, 2025
HouseReferred to the House Committee on Small Business.
Oct 17, 2025
IntroducedIntroduced in House
Documents5
Texts
As referred to a Senate committeeLatestReferred in SenateU.S. Government Publishing OfficeJan 26, 2026As passed by the HouseEngrossed in HouseU.S. Government Publishing OfficeJan 20, 2026As reported by the House committeeReported in HouseU.S. Government Publishing OfficeDec 12, 2025As introduced in the HouseIntroduced in HouseU.S. Government Publishing OfficeOct 17, 2025