H.R. 5788 explained · 119th Congress · Pending in Congress
504 Program Risk Oversight Act
Cosponsors: 3 (2 D, 1 R) · per Congress.gov, 2026-10-09
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.
What H.R. 5788 does, in plain terms
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.
Official summary by the Congressional Research Service, via Congress.gov.
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