504 Program Risk Oversight Act

119 HR 5788 EH: 504 Program Risk Oversight Act U.S. House of Representatives text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB 119th CONGRESS2d Session H. R. 5788

IN THE HOUSE OF REPRESENTATIVES AN ACT To amend title V of the Small Business Investment Act of 1958 to require an annual portfolio risk analysis of loans guaranteed under such title, and for other purposes.

1.Short titleThis Act may be cited as the 504 Program Risk Oversight Act.

2.Portfolio risk analysis of loans guaranteed under the 504 programTitle V of the Small Business Investment Act of 1958 (15 U.S.C. 695 et seq.) is amended by adding at the end the following:

511.Portfolio risk analysis (a)In generalThe Administrator shall annually conduct a risk analysis of the portfolio of the Administration with respect to all loans guaranteed under this title. (b)Report to CongressNot later than December 1, 2025, and annually thereafter, the Administrator shall submit to Congress a report containing the results of each portfolio risk analysis conducted under subsection (a) during the fiscal year preceding the submission of the report, which shall include— (1)an analysis of the overall program risk of loans guaranteed under this title; (2)an analysis of the program risk, set forth separately by industry concentration; (3)without identifying individual development companies by name, a consolidated analysis of the risk created by development companies making loans under this title that are responsible for not less than 1 percent of gross loan approvals under this title, set forth separately by— (A)the dollar value of the loans made by such development companies; (B)the number of loans made by such development companies; and (C)an analysis of the program risk for such loans with a dollar value— (i)less than or equal to $500,000; (ii)greater than $500,000 and less than or equal to $1,000,000; (iii)greater than $1,000,000 and less than or equal to $2,000,000; and (iv)greater than $2,000,000 and less than or equal to $5,500,000; (4)an analysis of the program risk for loan guarantees made under this title for loans that were originated— (A)less than one year before the date of submission of the report; (B)at least one year, but not more than two years before such date; and (C)more than two years before such date; (5)an analysis of the program risk for loan guarantees made under this title for loans that were originated— (A)to a borrower that uses such loan to open a business; (B)to a borrower not described in subparagraph (A) that is a business concern that has been in operation for less than or equal to two years before the date of origination; and (C)to a borrower that is a business concern that has been in operation for more than two years on the date of origination; (6)an analysis of the program risk for loan guarantees made under this title for loans that were originated for limited or special purpose properties; (7)steps taken by the Administrator to mitigate the risks identified in paragraphs (1), (2), (3), (4), (5), and (6); (8)the number of development companies, the number of loans made, and the gross dollar amount of the loans made under this title; (9)the number and total dollar amount of purchases by the Administrator of the principal and interest of loans guaranteed under this title that are in default, the total dollar amount of collections recovered on such purchases, and the number and total dollar amount of charge-offs for such purchases; (10)the number and type of enforcement actions with respect to a loan made by a development company under this title recommended by the Administrator; and (11)the number and dollar amount of any civil monetary penalty assessed pursuant to an enforcement action described in paragraph (10). (c)Availability of reportThe Administrator shall make available to the public on a website of the Administration the report required under subsection (b) not later than 7 days after the Administrator submits such report to Congress. (d)Limited or special purpose property definedIn this section, the term limited or special purpose property has the meaning given by the Administrator in the guidance titled Lender and Development Company Loan Programs (SOP 50 10 8; as in effect on June 1, 2025).. Passed the House of Representatives January 20, 2026.Kevin F. McCumber,Clerk.

119 HR 5788 IH: 504 Program Risk Oversight Act U.S. House of Representatives 2025-10-17 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I119th CONGRESS1st SessionH. R. 5788IN THE HOUSE OF REPRESENTATIVESOctober 17, 2025Mr. Tran (for himself and Mr. Patronis) introduced the following bill; which was referred to the Committee on Small BusinessA BILLTo amend title V of the Small Business Investment Act of 1958 to require an annual portfolio risk analysis of loans guaranteed under such title, and for other purposes.

1.Short titleThis Act may be cited as the 504 Program Risk Oversight Act.

2.Portfolio risk analysis of loans guaranteed under the 504 programTitle V of the Small Business Investment Act of 1958 (15 U.S.C. 695 et seq.) is amended by adding at the end the following:

511.Portfolio risk analysis (a)In generalThe Administrator shall annually conduct a risk analysis of the portfolio of the Administration with respect to all loans guaranteed under this title. (b)Report to CongressNot later than December 1, 2025, and annually thereafter, the Administrator shall submit to Congress a report containing the results of each portfolio risk analysis conducted under subsection (a) during the fiscal year preceding the submission of the report, which shall include— (1)an analysis of the overall program risk of loans guaranteed under this title; (2)an analysis of the program risk, set forth separately by industry concentration; (3)without identifying individual development companies by name, a consolidated analysis of the risk created by development companies making loans under this title that are responsible for not less than 1 percent of gross loan approvals under this title, set forth separately by— (A)the dollar value of the loans made by such development companies; (B)the number of loans made by such development companies; and (C)an analysis of the program risk for such loans with a dollar value— (i)less than or equal to $500,000; (ii)greater than $500,000 and less than or equal to $1,000,000; (iii)greater than $1,000,000 and less than or equal to $2,000,000; and (iv)greater than $2,000,000 and less than or equal to $5,500,000; (4)an analysis of the program risk for loan guarantees made under this title for loans that were originated— (A)less than one year before the date of submission of the report; (B)at least one year, but not more than two years before such date; and (C)more than two years before such date; (5)an analysis of the program risk for loan guarantees made under this title for loans that were originated— (A)to a borrower that uses such loan to open a business; (B)to a borrower not described in subparagraph (A) that is a business concern that has been in operation for less than or equal to two years before the date of origination; and (C)to a borrower that is a business concern that has been in operation for more than two years on the date of origination; (6)an analysis of the program risk for loan guarantees made under this title for loans that were originated for limited or special purpose properties; (7)steps taken by the Administrator to mitigate the risks identified in paragraphs (1), (2), (3), (4), (5), and (6); (8)the number of development companies, the number of loans made, and the gross dollar amount of the loans made under this title; (9)the number and total dollar amount of purchases by the Administrator of the principal and interest of loans guaranteed under this title that are in default, the total dollar amount of collections recovered on such purchases, and the number and total dollar amount of charge-offs for such purchases; (10)the number and type of enforcement actions with respect to a loan made by a development company under this title recommended by the Administrator; and (11)the number and dollar amount of any civil monetary penalty assessed pursuant to an enforcement action described in paragraph (10). (c)Availability of reportThe Administrator shall make available to the public on a website of the Administration the report required under subsection (b) not later than 7 days after the Administrator submits such report to Congress. (d)Limited or special purpose property definedIn this section, the term limited or special purpose property has the meaning given by the Administrator in the guidance titled Lender and Development Company Loan Programs (SOP 50 10 8; as in effect on June 1, 2025)..

119 HR 5788 : 504 Program Risk Oversight Act U.S. House of Representatives 2026-01-26 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IIB119th CONGRESS2d SessionH. R. 5788IN THE SENATE OF THE UNITED STATESJanuary 26 (legislative day, January 15), 2026Received; read twice and referred to the Committee on Small Business and EntrepreneurshipAN ACTTo amend title V of the Small Business Investment Act of 1958 to require an annual portfolio risk analysis of loans guaranteed under such title, and for other purposes.1.Short titleThis Act may be cited as the 504 Program Risk Oversight Act.2.Portfolio risk analysis of loans guaranteed under the 504 programTitle V of the Small Business Investment Act of 1958 (15 U.S.C. 695 et seq.) is amended by adding at the end the following:511.Portfolio risk analysis(a)In generalThe Administrator shall annually conduct a risk analysis of the portfolio of the Administration with respect to all loans guaranteed under this title.(b)Report to CongressNot later than December 1, 2025, and annually thereafter, the Administrator shall submit to Congress a report containing the results of each portfolio risk analysis conducted under subsection (a) during the fiscal year preceding the submission of the report, which shall include—(1)an analysis of the overall program risk of loans guaranteed under this title;(2)an analysis of the program risk, set forth separately by industry concentration;(3)without identifying individual development companies by name, a consolidated analysis of the risk created by development companies making loans under this title that are responsible for not less than 1 percent of gross loan approvals under this title, set forth separately by—(A)the dollar value of the loans made by such development companies;(B)the number of loans made by such development companies; and(C)an analysis of the program risk for such loans with a dollar value—(i)less than or equal to $500,000;(ii)greater than $500,000 and less than or equal to $1,000,000;(iii)greater than $1,000,000 and less than or equal to $2,000,000; and(iv)greater than $2,000,000 and less than or equal to $5,500,000;(4)an analysis of the program risk for loan guarantees made under this title for loans that were originated—(A)less than one year before the date of submission of the report;(B)at least one year, but not more than two years before such date; and(C)more than two years before such date;(5)an analysis of the program risk for loan guarantees made under this title for loans that were originated—(A)to a borrower that uses such loan to open a business;(B)to a borrower not described in subparagraph (A) that is a business concern that has been in operation for less than or equal to two years before the date of origination; and(C)to a borrower that is a business concern that has been in operation for more than two years on the date of origination;(6)an analysis of the program risk for loan guarantees made under this title for loans that were originated for limited or special purpose properties;(7)steps taken by the Administrator to mitigate the risks identified in paragraphs (1), (2), (3), (4), (5), and (6);(8)the number of development companies, the number of loans made, and the gross dollar amount of the loans made under this title;(9)the number and total dollar amount of purchases by the Administrator of the principal and interest of loans guaranteed under this title that are in default, the total dollar amount of collections recovered on such purchases, and the number and total dollar amount of charge-offs for such purchases;(10)the number and type of enforcement actions with respect to a loan made by a development company under this title recommended by the Administrator; and(11)the number and dollar amount of any civil monetary penalty assessed pursuant to an enforcement action described in paragraph (10).(c)Availability of reportThe Administrator shall make available to the public on a website of the Administration the report required under subsection (b) not later than 7 days after the Administrator submits such report to Congress.(d)Limited or special purpose property definedIn this section, the term limited or special purpose property has the meaning given by the Administrator in the guidance titled Lender and Development Company Loan Programs (SOP 50 10 8; as in effect on June 1, 2025)..Passed the House of Representatives January 20, 2026.Kevin F. McCumber,Clerk.

119 HR 5788 RH: 504 Program Risk Oversight Act U.S. House of Representatives 2025-12-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IBUnion Calendar No. 352119th CONGRESS1st SessionH. R. 5788[Report No. 119–404]IN THE HOUSE OF REPRESENTATIVESOctober 17, 2025Mr. Tran (for himself and Mr. Patronis) introduced the following bill; which was referred to the Committee on Small BusinessDecember 12, 2025Additional sponsors: Mr. Cisneros and Ms. GoodlanderDecember 12, 2025Committed to the Committee of the Whole House on the State of the Union and ordered to be printedA BILLTo amend title V of the Small Business Investment Act of 1958 to require an annual portfolio risk analysis of loans guaranteed under such title, and for other purposes.1.Short titleThis Act may be cited as the 504 Program Risk Oversight Act.2.Portfolio risk analysis of loans guaranteed under the 504 programTitle V of the Small Business Investment Act of 1958 (15 U.S.C. 695 et seq.) is amended by adding at the end the following:511.Portfolio risk analysis(a)In generalThe Administrator shall annually conduct a risk analysis of the portfolio of the Administration with respect to all loans guaranteed under this title.(b)Report to CongressNot later than December 1, 2025, and annually thereafter, the Administrator shall submit to Congress a report containing the results of each portfolio risk analysis conducted under subsection (a) during the fiscal year preceding the submission of the report, which shall include—(1)an analysis of the overall program risk of loans guaranteed under this title;(2)an analysis of the program risk, set forth separately by industry concentration;(3)without identifying individual development companies by name, a consolidated analysis of the risk created by development companies making loans under this title that are responsible for not less than 1 percent of gross loan approvals under this title, set forth separately by—(A)the dollar value of the loans made by such development companies;(B)the number of loans made by such development companies; and(C)an analysis of the program risk for such loans with a dollar value—(i)less than or equal to $500,000;(ii)greater than $500,000 and less than or equal to $1,000,000;(iii)greater than $1,000,000 and less than or equal to $2,000,000; and(iv)greater than $2,000,000 and less than or equal to $5,500,000;(4)an analysis of the program risk for loan guarantees made under this title for loans that were originated—(A)less than one year before the date of submission of the report;(B)at least one year, but not more than two years before such date; and(C)more than two years before such date;(5)an analysis of the program risk for loan guarantees made under this title for loans that were originated—(A)to a borrower that uses such loan to open a business;(B)to a borrower not described in subparagraph (A) that is a business concern that has been in operation for less than or equal to two years before the date of origination; and(C)to a borrower that is a business concern that has been in operation for more than two years on the date of origination;(6)an analysis of the program risk for loan guarantees made under this title for loans that were originated for limited or special purpose properties;(7)steps taken by the Administrator to mitigate the risks identified in paragraphs (1), (2), (3), (4), (5), and (6);(8)the number of development companies, the number of loans made, and the gross dollar amount of the loans made under this title;(9)the number and total dollar amount of purchases by the Administrator of the principal and interest of loans guaranteed under this title that are in default, the total dollar amount of collections recovered on such purchases, and the number and total dollar amount of charge-offs for such purchases;(10)the number and type of enforcement actions with respect to a loan made by a development company under this title recommended by the Administrator; and(11)the number and dollar amount of any civil monetary penalty assessed pursuant to an enforcement action described in paragraph (10).(c)Availability of reportThe Administrator shall make available to the public on a website of the Administration the report required under subsection (b) not later than 7 days after the Administrator submits such report to Congress.(d)Limited or special purpose property definedIn this section, the term limited or special purpose property has the meaning given by the Administrator in the guidance titled Lender and Development Company Loan Programs (SOP 50 10 8; as in effect on June 1, 2025)..December 12, 2025Committed to the Committee of the Whole House on the State of the Union and ordered to be printed