H.R. 5788: 504 Program Risk Oversight Act
A House bill (H.R.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | House bill (H.R.) |
| Originating chamber | House |
| Introduced | 2025-10-17 |
| Sponsor | Rep. Tran, Derek [D-CA-45] |
| Policy area | Commerce |
| Cosponsors | 3 |
| Latest action | 2026-01-26 — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. |
| Last updated | 2026-07-13 |
Summary
Official summary (Reported to House, 2025-12-12):
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.
Cosponsors (3)
| Name | Party / state |
|---|---|
| Jimmy Patronis | R FL (original cosponsor) 2025-10-17 |
| Gilbert Ray Cisneros, Jr. | D CA 2025-11-17 |
| Maggie Goodlander | D NH 2025-11-17 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for H.R. 5788 are published by Congress on congress.gov.
View H.R. 5788 on congress.gov →
Frequently asked questions
What is H.R. 5788?
H.R. 5788 is a House bill (H.R.) introduced in the 119th U.S. Congress, originating in the House. Official title: 504 Program Risk Oversight Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for H.R. 5788 are available on congress.gov.
Bill data: congress.gov API (official congressional records).