H.R. 5788 · Where this bill is now
In the Senate
Passed the House Jan 20, 2026. Received Jan 26, 2026; no Senate vote yet
What this bill does
In plain words · AI-written from the official summaryAnnual risk checks for small business loans
The 504 loan program helps small businesses borrow money at fixed rates to buy things like buildings and equipment. This bill would require the Small Business Administration to check every year for risks in these loans and report what risks they found and what they're doing to address them.
How it affects you
Small business owners who use 504 loans would benefit from closer oversight of the program. Taxpayers also have a stake, since the government backs these loans if a business can't pay back.
Read the official summary (Reported to House, Dec 12, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 5788
AN ACT
504 Program Risk Oversight Act
Sponsor: Rep. Derek Tran (D-CA-45) · Introduced Oct 17, 2025 · Commerce · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jan 26, 2026: “Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.”
Sections
The wording of this bill hasn’t changed across its 4 official versions.