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H.R. 10352House119th Congress (2025-2027)In Committee

504 Program Level Flexibility Act

Sponsored by Lateefah SimonRep. Lateefah Simon (D-CA)
Introduced September 14, 2026

AI-Generated Summary

Updated September 15, 2026 at 8:12 PM UTC

The 504 Program Level Flexibility Act would give the Small Business Administration (SBA) Administrator the ability to raise the amount of loan guarantees it makes to qualified state or local development companies. For fiscal year 2027 and later, the Administrator could increase commitments up to 115% of the existing statutory or appropriations limit, but only once per year and after notifying the relevant congressional committees. This change would affect SBA loan‑guarantee programs and the state or local development companies that receive those guarantees.

Key Provisions

  • Allows the SBA Administrator to exceed the current commitment limit for loan guarantees to qualified state or local development companies by up to 115% of that limit.
  • The increased authority can be used once per fiscal year, starting with FY 2027.
  • The Administrator must give at least 30 days’ notice to the House and Senate Small Business Committees and the Appropriations Subcommittees before exercising this authority.

Legislative Activity

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3 earlier actions
HouseCommittee Latest Action

Ordered to be Reported by the Yeas and Nays: 23 - 0.

Small Business Committee

September 16, 2026

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HouseIntro Referral

Introduced in House

September 14, 2026

HouseIntro Referral

Referred to the House Committee on Small Business.

Small Business Committee

September 14, 2026

HouseCommittee

Committee Consideration and Mark-up Session Held

Small Business Committee

September 16, 2026

HouseCommittee

Ordered to be Reported by the Yeas and Nays: 23 - 0.

Small Business Committee

September 16, 2026

Bill Text

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Introduced in HouseIssued September 14, 2026

I

119th CONGRESS

2d Session

H. R. 10352

IN THE HOUSE OF REPRESENTATIVES

September 14, 2026

Ms. Simon (for herself and Mr. Alford) introduced the following bill; which was referred to the Committee on Small Business

A BILL

To amend the Small Business Investment Act of 1958 to allow the Administrator of the Small Business Administration the authority to increase amount of commitments to qualified State or local development companies, and for other purposes.

1.

Short title

This Act may be cited as the 504 Program Level Flexibility Act.

2.

Authority to increase amount of commitments to qualified State or local development companies

Section 503 of the Small Business Investment Act of 1958 (15 U.S.C. 697) is amended by adding at the end the following new subsection:

(j)

Authority To increase amount of commitments to qualified State or local development companies

(1)

In general

Subject to paragraphs (2) and (3) and with respect to fiscal year 2027 and each fiscal year thereafter, if the Administrator determines that the amount of commitments by the Administrator to guarantee loans authorized under this section for a fiscal year could exceed the limit on the total amount of commitments the Administrator may make for those loans under this Act, an appropriations Act, or any other provision of law, the Administrator may make commitments for those loans for that fiscal year in an aggregate amount equal to not more than 115 percent of that limit.

(2)

Notice required before exercising authority

Not later than 30 days before the date on which the Administrator intends to exercise the authority under paragraph (1), the Administrator shall submit notice of intent to exercise the authority to—

(A)

the Committee on Small Business and Entrepreneurship and the Subcommittee on Financial Services and General Government of the Committee on Appropriations of the Senate; and

(B)

the Committee on Small Business and the Subcommittee on Financial Services and General Government of the Committee on Appropriations of the House of Representatives.

(3)

Limitation

The Administrator shall not exercise the authority under paragraph (1) more than once during any fiscal year.

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