H.R. 5788
Requires yearly risk study of SBA-backed small business loans
The Small Business Administration would study the risks in its 504 loan program every year and report what steps it took to reduce those risks.
- Covers all loans guaranteed under the 504 loan program
- That program pays for land, buildings, equipment and machinery for small businesses
- Report must cover results for each past fiscal year
- Report must list steps taken to reduce the risks found
Passed the House · Senate's turn