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Bill · 119th Congress · HR 10352
504 Program Level Flexibility Act
Refreshed 19 min ago
Introduced 2026-09-14Topic: economy jobsSummary
AI-generated summary, report an errorThis bill would change the Small Business Administration's 504 loan program, which guarantees loans made through state or local development companies. Starting in fiscal year 2027, if the agency head expects loan guarantee commitments to go over the yearly limit set by law, the agency could make commitments of up to 115 percent of that limit. The agency would have to notify certain House and Senate committees at least 30 days before using this authority. The authority could be used no more than once per fiscal year.
Sponsors
- Lateefah Simon Democrat sponsor
- 2 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-10-09 | House | Placed on the Union Calendar, Calendar No. 747. | |
| 2026-10-09 | House | Reported by the Committee on Small Business. H. Rept. 119-850. | report |
| 2026-10-09 | Reported by the Committee on Small Business. H. Rept. 119-850. | report | |
| 2026-09-16 | House | Ordered to be Reported by the Yeas and Nays: 23 - 0. | refer |
| 2026-09-16 | House | Committee Consideration and Mark-up Session Held | refer |
| 2026-09-14 | House | Referred to the House Committee on Small Business. | refer |
| 2026-09-14 | Introduced in House | introduce | |
| 2026-09-14 | Introduced in House | introduce |