H.R. 5788: 504 Program Risk Oversight Act

119th Congress · introduced 2025-10-17 · Commerce · Latest: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

federal

What does this mean?

Official title

504 Program Risk Oversight Act

Plain 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.

Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

504 Program Risk Oversight Act

Source: Congressional Research Service summary (Reported to House)

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Officials and money

Sponsor: Rep. Tran, Derek [D-CA-45] · 3 cosponsors

Money: CBO cost estimate: H.R. 5788, 504 Program Risk Oversight Act (2026-01-06) No linked contracts or vendors yet.

Words on this page, explained (1)

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Sources

Congressional Research Service summary (Reported to House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr5788.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr5788 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills