Summary
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.
Bill text versions
- IntroducedIntroduced in HousePDF
- IntroducedIntroduced in HouseXML
- IntroducedIntroduced in HouseHTML
- ReportedReported in HousePDF
- ReportedReported in HouseXML
- ReportedReported in HouseHTML
- EngrossedEngrossed in HousePDF
- EngrossedEngrossed in HouseXML
- EngrossedEngrossed in HouseHTML
- ReceivedReferred in SenatePDF
- ReceivedReferred in SenateXML
- ReceivedReferred in SenateHTML
Legislative Journey
- Introduced
- Committee
- Floor
- Passed Chamber 1
- Passed Chamber 2
- Signed
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
SenateMotion to reconsider laid on the table Agreed to without objection.
HouseOn motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
HousePassed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H933)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5788.
HouseConsidered under suspension of the rules. (consideration: CR H932-934)
HouseMr. Williams (TX) moved to suspend the rules and pass the bill.
HousePlaced on the Union Calendar, Calendar No. 352.
HouseReported by the Committee on Small Business. H. Rept. 119-404.
HouseReported by the Committee on Small Business. H. Rept. 119-404.
Ordered to be Reported by the Yeas and Nays: 27 - 0.
HouseCommittee Consideration and Mark-up Session Held
HouseReferred to the House Committee on Small Business.
HouseIntroduced in House
Introduced in House