Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Summary
The bill directs the Small Business Administration to evaluate the risk of every loan it guarantees under the 504 program each year and to send a detailed report to Congress. The report must include risk breakdowns by industry, loan size, borrower age, and property type, as well as steps the SBA is taking to reduce those risks. The findings are also posted online for public access.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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