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H.R. 5788119th CongressPassed one chamberLatest action Jan 26, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
HR 5788 requires the SBA to publish an annual risk analysis of all 504 loans and report to Congress by December 1 each year.
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HR 5788 would require the Small Business Administration to conduct a detailed annual risk analysis of its entire 504 loan portfolio. The analysis must break down risk by industry, loan size, loan age, borrower type, and special-purpose properties such as gas stations or car washes. A report must reach Congress by December 1 each year and be posted publicly online within one week.
The SBA and the Certified Development Companies that originate 504 loans are directly subject to the new requirements. Small business owners who use 504 loans and taxpayers who back those loans through the federal government are indirectly affected.
Currently no requirement exists for the government to regularly assess the overall risk of the 504 loan portfolio, leaving defaults, losses, and lender enforcement actions without a mandated review cycle. The added oversight could lead to changes in how the program is managed, which may affect how 504 loans are made or approved going forward.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.