Based on official legislative actions published by Congress.
Placed on the Union Calendar, Calendar No. 747.
This timeline shows the bill's position in the federal legislative process based on official congressional actions.
Placed on the Union Calendar, Calendar No. 747.
Praveta uses official congressional material as its source of truth. You can review the underlying record directly.
The bill would let the SBA temporarily boost guaranteed loan commitments for the 504 program up to 115% of statutory limits.
Applies to SBA Section 503 (504 loan program) commitments
Would allow up to 115% of existing commitment limits
Requires 30-day notice to specific House and Senate committees
Administrator may use the authority once per fiscal year
This would give the SBA a one-time-per-year tool to exceed existing commitment limits by up to 15 percent, potentially allowing more 504 loan guarantees when limits would otherwise be reached; the source does not provide cost or implementation details.
The Small Business Administration and qualified State or local development companies involved in the 504 program.
Introduced in the House on Sept 14, 2026, and referred to the Committee on Small Business; no votes yet.
Praveta summarizes official congressional material and keeps the underlying source available for review.