U.S. Congress legislation · 119th Congress
HB10375: 504 Modernization and Small Manufacturer Enhancement Act of 2026
Status: In committee, October 9, 2026
To amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and for other purposes.
What the bill says
To amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and for other purposes.
From the committee substitute text, October 9, 2026:
A BILL To amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and for other purposes. SECTION 1. Short title This Act may be cited as the 504 Modernization and Small Manufacturer Enhancement Act of 2026 . SECTION 2. Additions to policy goals for the development company program Section 501(d)(3) of the Small Business Investment Act of 1958 ( 15 U.S.C. 695(d)(3) ) is amended-- (1) by redesignating subparagraphs (A) through (L) as subparagraphs (B) through (M), respectively; (2) by inserting before subparagraph (B), as so redesignated, the or (ii) entered into a contract with an entity-- (I) to provide trained applicants for any open position of employment at the small business concern; and (II) that ensures that any applicant provided to the small business concern under subclause (I) has undergone not fewer than 12 weeks of training that is relevant to the open position described in that subclause, ; (3) in subparagraph (L), as so redesignated, by striking producers, or and inserting producers, ; (4) in subparagraph (M), as so redesignated, by striking the period at the end and inserting a comma; (5) by inserting after subparagraph (M), as so redesignated, the and (6) in the flush text following subparagraph (O), as added by …
Sponsors
- Nydia Velazquez (D, HD-NY-7) · primary sponsor
- Roger Williams (R, HD-TX-25)
- Derek Tran (D)
- Gil Cisneros (D, HD-CA-31)
Latest actions
- : Placed on the Union Calendar, Calendar No. 745.
- : Reported by the Committee on Small Business. H. Rept. 119-848.
- : 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: Commerce, Environmental assessment, monitoring, research, Small business, Small Business Administration, Administrative law and regulatory procedures, Banking and financial institutions regulation, Financial services and investments, Business records
Common questions
- What is HB10375?
- HB10375 is a bill in Congress (119th Congress): 504 Modernization and Small Manufacturer Enhancement Act of 2026.
- What does HB10375 do?
- In its own words: To amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and for other purposes.
- What is the status of HB10375?
- In committee as of October 9, 2026. Latest action: Placed on the Union Calendar, Calendar No. 745. (October 9, 2026).
- Who sponsored HB10375?
- Nydia Velazquez (D, HD-NY-7), with 3 co-sponsors.
- Where is the official record for HB10375?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10375
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.