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BillHR 5788 · 119

504 Program Risk Oversight Act

Introduced
Oct 17, 2025
Cosponsors
3
Traction
0
Last Action
Jan 26, 2026

Bill Summary

Requires the Small Business Administration to strengthen oversight of the 504 loan program to reduce risk. Strengthens rules for lenders and borrowers in the program.

Sponsored By

Derek Tran
Democrat · California · House

Bill Journey

  1. Oct 17, 2025
  5. Jan 26, 2026You Are Here

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects small business owners and lenders who participate in the 504 loan program, by increasing scrutiny of their loan applications and repayment plans. It also impacts the Small Business Administration, which must implement new oversight procedures.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
4backers
  • Democratic3
  • Republican1
Cross-party cosponsors1 · 33%

Documents

1

Full text opens on congress.gov, the official source.

Cosponsors (3)

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMoney & Economy
CommitteeCommittee on Small Business and Entrepreneurship
IntroducedOct 17, 2025
Last UpdatedJan 26, 2026
Latest ActionReceived in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Subjects
  • Economy

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.