HR 5788

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.

Bill status

Status

Passed House

Sponsor

Rep. Derek Tran [D-CA-45]

Cosponsors

3

Policy area

Commerce

Introduced

2025-10-17

Latest action

2026-01-26: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Committee referrals

• Small Business and Entrepreneurship Committee: Senate · Referred To · 2026-01-26
• Small Business Committee: House · Reported By · 2025-12-12
• Small Business Committee: House · Markup By · 2025-11-18
• Small Business Committee: House · Referred To · 2025-10-17

Recent actions

• 2026-01-26: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
• 2026-01-20: Motion to reconsider laid on the table Agreed to without objection.
• 2026-01-20: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
• 2026-01-20: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
• 2026-01-20: DEBATE - The House proceeded with forty minutes of debate on H.R. 5788.