arrow_back Back to App

Increased Oversight and Risk Analysis for Small Business 504 Loan Program

This new law mandates an annual, detailed risk analysis of all government-guaranteed loans under the 504 Program, which supports small businesses, often for real estate or equipment. The goal is to protect taxpayer money and ensure the program's stability by identifying potential threats, such as risk concentration in specific industries. The results of this analysis will be made publicly available online.
Key points
Mandates annual risk analysis for all loans guaranteed under the 504 Program to detect potential financial vulnerabilities early.
Detailed risk reports must include data broken down by industry, loan size, and the age of the business receiving the loan.
Increased transparency: the risk analysis results will be publicly posted on the agency's website within 7 days of submission to Congress.
article Official text account_balance Process page
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5788
Sponsor: Rep. Tran, Derek [D-CA-45]
Process start date: 2025-10-17
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

504 Program Risk Oversight Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5788.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-10-17.

What are the main provisions?

Key points include:

  • Mandates annual risk analysis for all loans guaranteed under the 504 Program to detect potential financial vulnerabilities early.
  • Detailed risk reports must include data broken down by industry, loan size, and the age of the business receiving the loan.
  • Increased transparency: the risk analysis results will be publicly posted on the agency's website within 7 days of submission to Congress.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Tran, Derek [D-CA-45].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Public Investments