504 Program Risk Oversight Act

Sponsored byRep. Tran, Derek [D-CA-45]CA· Introduced 17 October 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

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Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

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

26 January 2026·5 months ago

Summary

Reported to House · Updated 16 January 2026

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.

Timeline

15 actions

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
26 January 2026 · IntroReferral
Considered under suspension of the rules. (consideration: CR H932-934)
20 January 2026 · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 5788.
20 January 2026 · Floor
Mr. Williams (TX) moved to suspend the rules and pass the bill.
20 January 2026 · Floor
Motion to reconsider laid on the table Agreed to without objection.
20 January 2026 · Floor
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
20 January 2026 · Floor
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
20 January 2026 · Floor
Placed on the Union Calendar, Calendar No. 352.
12 December 2025 · Calendars
Reported by the Committee on Small Business. H. Rept. 119-404.
12 December 2025 · Committee
Reported by the Committee on Small Business. H. Rept. 119-404.
12 December 2025 · Committee
Committee Consideration and Mark-up Session Held
18 November 2025 · Committee
Ordered to be Reported by the Yeas and Nays: 27 - 0.
18 November 2025 · Committee
Referred to the House Committee on Small Business.
17 October 2025 · IntroReferral
Introduced in House
17 October 2025 · IntroReferral
Introduced in House
17 October 2025 · IntroReferral

Sponsorship

3 cosponsors

Sponsor

Rep. Tran, Derek [D-CA-45]CA

Cosponsors

Democrat267%
Republican133%

Democrat:Rep. Cisneros, Gilbert Ray [D-CA-31]CA
Democrat:Rep. Goodlander, Maggie [D-NH-2]NH
Republican:Rep. Patronis, Jimmy [R-FL-1]FL

Classification

Policy area

Commerce

Legislative subjects

Bank accounts, deposits, capitalCivil actions and liabilityCongressional oversightGovernment information and archivesGovernment studies and investigationsPerformance measurement

Committees

Small Business Committee
House · Standing
- Referred To17 Oct 2025
- Markup By18 Nov 2025
- Reported By12 Dec 2025
Small Business and Entrepreneurship Committee
Senate · Standing
- Referred To26 Jan 2026

Reports

H. Rept. 119-404

Cosponsor momentum

Cumulative over time

Track 504 Program Risk Oversight Act as it moves through Congress