504 Program Risk Oversight Act
Click any stage to learn more about the legislative process.
Topic: Commerce
Sponsor: Rep. Tran, Derek [D-CA-45] (D) - CA
Summary
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.
Legislative Subjects
Bank accounts, deposits, capital; Civil actions and liability; Commerce; Congressional oversight; Government information and archives; Government studies and investigations; Performance measurement
Latest Action
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
2026-01-26
Ask about this bill
Ask questions about this bill. The AI can look up referenced laws and statutes to provide context.
What existing laws does this bill amend?
What are the main provisions of this bill?
Who would be affected by this legislation?