504 Program Risk Oversight Act
Introduced Oct 17, 2025 by Rep. Derek Tran
The House passed it. The Senate has to pass it before it can reach the President.
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.
No recorded roll-call vote on this bill — it may have passed by voice vote or unanimous consent, which don't record individual votes.
- Jan 26, 2026Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Jan 20, 2026Motion to reconsider laid on the table Agreed to without objection.
- Jan 20, 2026On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
- Jan 20, 2026Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
- Jan 20, 2026DEBATE - The House proceeded with forty minutes of debate on H.R. 5788.
- Jan 20, 2026Considered under suspension of the rules. (consideration: CR H932-934)
- Jan 20, 2026Mr. Williams (TX) moved to suspend the rules and pass the bill.
- Dec 12, 2025Placed on the Union Calendar, Calendar No. 352.
- Dec 12, 2025Reported by the Committee on Small Business. H. Rept. 119-404.
- Nov 18, 2025Ordered to be Reported by the Yeas and Nays: 27 - 0.
- Nov 18, 2025Committee Consideration and Mark-up Session Held
- Oct 17, 2025Referred to the House Committee on Small Business.
- Oct 17, 2025Introduced in House