H.R. 10352
504 Program Level Flexibility Act
Summary:
• The "504 Program Level Flexibility Act" amends the Small Business Investment Act of 1958 to allow the SBA Administrator to increase loan guarantee commitments to qualified State or local development companies up to 115% of the otherwise applicable limit when demand is projected to exceed that limit
• Before exercising this authority, the Administrator must provide at least 30 days' written notice to four specified congressional committees in both the Senate and House
• This expanded authority may only be used once per fiscal year and applies beginning in fiscal year 2027
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• Before exercising this authority, the Administrator must provide at least 30 days' written notice to four specified congressional committees in both the Senate and House
• This expanded authority may only be used once per fiscal year and applies beginning in fiscal year 2027
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