A Democratic bill with 1 Republican cosponsor · See all 3 cosponsors
Last activity — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
In the other chamber's committee
Passed one chamber and has been handed to a committee in the other.
The committee decides whether it goes any further, and most bills that reach a committee never leave it. A committee that simply does nothing kills a bill without anyone ever voting against it, so no news from here is usually the news.
Its path through Congress
- Introduced
- Passed House voice vote
- In Senate committee
The House by voice vote (members called out yes or no together): no member's position on it was recorded.
What this bill would do
This bill, known as the "504 Program Risk Oversight Act," aims to amend the Small Business Investment Act of 1958. It requires the Administrator to conduct an annual risk analysis of the portfolio of loans guaranteed under Title V. The Administrator must submit a detailed report to Congress each year starting no later than December 1, 2025. This report must include analyses of program risk based on industry, loan value, and loan origination timing. Additionally, the report must track data regarding development companies, loan defaults, and enforcement actions. The results must also be made available to the public on the Administration's website.
Yes· 3 of 8
- Scored +5
Does this make what the government does easier for the public to see?
The bill requires the Administrator to publish detailed annual risk reports on a public website.
- Scored +3
Would business owners be better off under this?
Improved risk management of the 504 program can lead to more reliable lending processes for business owners.
- Scored +3
Does this make the government pay for what it commits to?
Mandating annual risk analyses and tracking of defaults improves oversight of federal loan guarantees.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Transparency: The Administrator is required to make the annual report available to the public on a website within 7 days of submitting it to Congress (Section 2, subsection (c)). This allows people to see how the program is performing.
-
Risk Mitigation: The report must include the specific steps taken by the Administrator to mitigate identified risks, such as those related to industry concentration or loan value (Section 2, subsection (b)(7)).
-
Accountability for Defaults and Penalties: The report requires tracking the number and dollar amount of loan purchases in default, collections recovered, and civil monetary penalties assessed (Section 2, subsection (b)(9) and (b)(11)).
Potential Negative Impacts for People
- No specific negative impacts are mentioned in the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — Improved risk management of the 504 program can lead to more reliable lending processes for business owners. Would households on low incomes be better off under this? — Increased stability in small business loan programs can indirectly support local economies. Would middle-income households be better off under this? — More stable small business environments can support broader economic stability for middle-income families. Would people in cities be better off under this? — Enhanced risk oversight of business loans can support more stable local business environments in cities.
- Economy And Finance
- Does this make the government pay for what it commits to? — Mandating annual risk analyses and tracking of defaults improves oversight of federal loan guarantees. Does this make it easier to run a small business? — The bill aims to mitigate risks within the 504 loan program to protect the stability of small business support. Is this likely to create jobs? — Enhanced risk oversight of the 504 program may lead to more stable business lending environments.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill requires the Administrator to publish detailed annual risk reports on a public website.
- 1/26/2026
- Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 1/20/2026
- Motion to reconsider laid on the table Agreed to without objection.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
- On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 5788.
- Considered under suspension of the rules. (consideration: CR H932-934)
- Mr. Williams (TX) moved to suspend the rules and pass the bill.
- 12/12/2025
- Reported by the Committee on Small Business. H. Rept. 119-404.
- Placed on the Union Calendar, Calendar No. 352.
- 11/18/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported by the Yeas and Nays: 27 - 0.
- 11/17/2025
- 2 Cosponsors added.
- 10/17/2025
- Referred to the House Committee on Small Business.
- 1 Cosponsor added.
- Introduced in House
Gilbert CisnerosDemocrat · California
Maggie GoodlanderDemocrat · New Hampshire
Jimmy PatronisRepublican · Florida