Allows the Small Business Administration to guarantee 504 development company loans up to 115 percent of its normal annual limit in a fiscal year, after giving 30 days' notice to congressional committees, and no more than once per year.

Official title: 504 Program Level Flexibility Act

Next stop House floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

House

Introduced 14-SEP-2026

Referred 14-SEP-2026

Approved by committee 16-SEP-2026

Reported 09-OCT-2026

On the calendar 09-OCT-2026

Key points

Applies to fiscal year 2027 and each fiscal year after it.
Lets the Administrator make loan guarantee commitments up to 115 percent of the applicable limit when commitments could otherwise exceed it.
Requires written notice at least 30 days in advance to the Senate and House Small Business and Appropriations committees.
Limits use of the authority to once per fiscal year.

AI-generated from the Reported in House text of 09-OCT-2026 · verify · report an error

Official CRS summary

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Committee referrals (1)

Policy area

Commerce

Sponsor Lateefah Simon (D-CA) Cosponsors · 2

■ 1 R■ 1 D

1 Republican

1 Democrat

congress.gov page Reported in House (09-OCT-2026) Introduced in House (14-SEP-2026)