H.R. 5788 · 119th Congress · House

504 Program Risk Oversight Act

In Congress· Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced
Oct 17, 25
Passed House
Jan 20, 26
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

13
  1. JAN 26, 2026•Senate

    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

  2. JAN 20, 2026•House floor actions

    Motion to reconsider laid on the table Agreed to without objection.

  3. JAN 20, 2026•House floor actions

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)

  4. JAN 20, 2026•Library of Congress

    Passed/agreed to in House

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)

  5. JAN 20, 2026•House floor actions

    DEBATE - The House proceeded with forty minutes of debate on H.R. 5788.

  6. JAN 20, 2026•House floor actions

    Considered under suspension of the rules

    (consideration: CR H932-934)

    932Yea
    934Nay
    0NV
  7. JAN 20, 2026•House floor actions

    Mr

    Williams (TX) moved to suspend the rules and pass the bill.

  8. DEC 12, 2025•House floor actions

    Placed on the Union Calendar, Calendar No. 352.

  9. DEC 12, 2025•Library of Congress

    Reported by the Committee on Small Business. H. Rept. 119-404.

    119Yea
    404Nay
    0NV
  10. NOV 18, 2025•House committee actions

    Ordered to be Reported by the Yeas and Nays: 27 - 0.

    27Yea
    0Nay
    0NV
  11. NOV 18, 2025•House committee actions

    Committee Consideration and Mark-up Session Held

  12. OCT 17, 2025•House floor actions

    Referred to the House Committee on Small Business.

  13. OCT 17, 2025•Library of Congress

    Introduced in House

Committees

3

Small Business and Entrepreneurship Committee

sssb00

Referred: Jan 26, 2026

Active

Small Business Committee

hssm00

Referred: Dec 12, 2025

Active

Small Business Committee

hssm00

Referred: Nov 18, 2025

Active