U.S. Congress legislation · 119th Congress
HB10352: 504 Program Level Flexibility Act
Status: In committee, October 9, 2026
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.
What the bill says
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.
From the committee substitute text, October 9, 2026:
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. SECTION 1. Short title This Act may be cited as the 504 Program Level Flexibility Act . SECTION 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 …
Sponsors
- Lateefah Simon (D) · primary sponsor
- Mark Alford (R, HD-004)
- Gil Cisneros (D, HD-CA-31)
Latest actions
- : Placed on the Union Calendar, Calendar No. 747.
- : Reported by the Committee on Small Business. H. Rept. 119-850.
- : Ordered to be Reported by the Yeas and Nays: 23 - 0.
- : Committee Consideration and Mark-up Session Held
- : Referred to the House Committee on Small Business.
- : Introduced in House
Subjects: Infrastructure development, Commerce, Public-private cooperation, State and local government operations, Government lending and loan guarantees
Common questions
- What is HB10352?
- HB10352 is a bill in Congress (119th Congress): 504 Program Level Flexibility Act.
- What does HB10352 do?
- In its own words: 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.
- What is the status of HB10352?
- In committee as of October 9, 2026. Latest action: Placed on the Union Calendar, Calendar No. 747. (October 9, 2026).
- Who sponsored HB10352?
- Lateefah Simon (D), with 2 co-sponsors.
- Where is the official record for HB10352?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10352
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.