Bill would let SBA raise 504 loan cap by 15% if demand spikes
In markupH.R. 10352Latest action
Sponsor: Lateefah Simon · Representative · CA
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Official title: 504 Program Level Flexibility Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Starting in fiscal 2027, SBA could raise its annual 504 loan guarantee cap by up to 15% if demand runs high.
35-second read · 4 questions answered below
What does this do?
H.R. 10352 lets the SBA Administrator raise the yearly cap on 504 loan program guarantees by up to 15% starting in 2027, if demand is projected to exceed the cap. The Administrator must notify Congress 30 days in advance and can use this authority only once per fiscal year.
Who does it affect?
Small business owners seeking 504 loans, the local nonprofit Development Companies that issue them, and the SBA are affected.
Why does it matter?
The change aims to prevent the loan program from running out of guarantee authority mid-year, though it does not create new spending on its own.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Introduced in House” text of Sep 14, 2026.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedSep 14, 2026
- House committeeYou are here · Sep 16, 2026
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Ordered to be Reported by the Yeas and Nays: 23 - 0.