The record

LegislationLegislation· Jan 2026
HR 5788 Passed House — in Senate

Sponsored by Derek Tran (D)

504 Program Risk Oversight Act

Requires the SBA to annually analyze risks in its 504 small-business loan program.

Tradeoff

Mandates SBA risk reporting on the 504 loan portfolio, with no stated cost or funding change. The bill requires annual analysis and public disclosure but does not alter lending rules or program structure.

What's in it

See official bill text

Costs $1 million over 2026-2030, with less than $500,000 annually, all subject to .

The $1 million is just the federal cost to administer the new reporting requirement—the policy's substantive impact is on the SBA's loan oversight practices and transparency, with minimal direct cost to the government.

H.R. 5788, 504 Program Risk Oversight Act · Jan 2026

Passed the House by on January 20, 2026 — sitting in the Senate.

  1. House

    Introduced

    (Oct 17, 2025)

  2. House

    Committee on Small Business(Oct 17, 2025)

  3. House

    The Committee on Small Business voted to send it to the floor

    Reported 27 - 0(Nov 18, 2025)

    Committee report H. Rept. 119-404.

  4. House

    Passage of the bill

    Passed by (Jan 20, 2026)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Small Business and Entrepreneurship(Jan 26, 2026)