504 Program Level Flexibility Act
The source supplies the latest action, but no lifecycle stage.
Latest action (9 Oct 2026): Placed on the Union Calendar, Calendar No. 747.
What this bill does
H.R. 10352, the "504 Program Level Flexibility Act," would allow the Small Business Administration (SBA) to guarantee up to 115% of the authorized annual limit for its 504 Loan Program if the SBA anticipates exceeding the current limit. The 504 Loan Program provides financing to small businesses for expansion or modernization through intermediary certified development companies.
This bill affects the SBA's ability to guarantee loans. If the SBA determines it might exceed the yearly limit for 504 loans, it could increase its commitments by up to 15% of that limit. Before using this authority, the SBA must notify Congress's relevant committees at least 30 days in advance. The SBA can only use this increased authority once per fiscal year.
The bill was introduced in the House of Representatives and has been placed on the Union Calendar, Calendar No. 747. Its next steps would depend on the legislative process within the House and potentially the Senate.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
504 Program Level Flexibility Act
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.
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.
Timeline
9 Oct 2026
Placed on the Union Calendar, Calendar No. 747.
Common questions
- What does H.R. 10352 do?
- H.R. 10352, the "504 Program Level Flexibility Act," would allow the Small Business Administration (SBA) to guarantee up to 115% of the authorized annual limit for its 504 Loan Program if the SBA anticipates exceeding the current limit. The 504 Loan Program provides financing to small businesses for expansion or modernization through intermediary certified development companies. This bill affects the SBA's ability to guarantee loans. If the SBA determines it might exceed the yearly limit for 504 loans, it could increase its commitments by up to 15% of that limit. Before using this authority, the SBA must notify Congress's relevant committees at least 30 days in advance. The SBA can only use this increased authority once per fiscal year. The bill was introduced in the House of Representatives and has been placed on the Union Calendar, Calendar No. 747. Its next steps would depend on the legislative process within the House and potentially the Senate.
- Has H.R. 10352 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10352. Check the latest action and official source below.
- Who sponsored H.R. 10352?
- H.R. 10352 was sponsored by Rep. Simon, Lateefah [D-CA-12] (D-CA), with 2 cosponsors.
- What's the latest action on H.R. 10352?
- Placed on the Union Calendar, Calendar No. 747. (9 Oct 2026).
Related bills in Commerce
Cybersecurity for Small Businesses Act of 2026
Ensuring SBA Implementation of GAO Recommendations Act of 2026
Combating Foreign Threats to Main Street Act of 2026
SBIC Reporting Modernization Act of 2026
More bills from Rep. Simon, Lateefah [D-CA-12]
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