504 Program Level Flexibility Act

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D SimonSponsor

2 cosponsors · 1 D, 1 R

R Alford GC

D Cisneros

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill authorizes the Small Business Administration (SBA), upon a determination that the amount of its commitments to guarantee loans under the 504 Loan Program could exceed the authorized annual limit, to guarantee up to 115% of that limit.

What it does: CRS summary · Reported to House · Oct 9, 2026

504 Program Level Flexibility Act

The 504 Loan Program provides a small business with SBA financing—through a certified development company intermediary—for expansion or modernization.

The bill requires the SBA to notify Congress if it intends to use this authority. The SBA may exercise the authority only once each fiscal year.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: 504 Program Level Flexibility Act

Latest action (Oct 9, 2026): Placed on the Union Calendar, Calendar No. 747.

Policy area: Commerce · Origin: House · Introduced: Sep 14, 2026

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.