H.R. 5788 Passed the House Commerce

504 Program Risk Oversight Act

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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Tran, Derek [D-CA-45] Introduced October 17, 2025 Cosponsors 3 (1 R, 2 D) Latest action January 26, 2026

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jan 26, 2026 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  2. Jan 20, 2026 Motion to reconsider laid on the table Agreed to without objection.
  3. Jan 20, 2026 On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
  4. Jan 20, 2026 DEBATE - The House proceeded with forty minutes of debate on H.R. 5788.
  5. Jan 20, 2026 Considered under suspension of the rules. (consideration: CR H932-934)
  6. Jan 20, 2026 Mr. Williams (TX) moved to suspend the rules and pass the bill.
  7. Dec 12, 2025 Placed on the Union Calendar, Calendar No. 352.
  8. Dec 12, 2025 Reported by the Committee on Small Business. H. Rept. 119-404.
  9. Nov 18, 2025 Ordered to be Reported by the Yeas and Nays: 27 - 0.
  10. Nov 18, 2025 Committee Consideration and Mark-up Session Held
  11. Oct 17, 2025 Referred to the House Committee on Small Business.
  12. Oct 17, 2025 Introduced in House

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