H.R. 10375, the 504 Modernization and Small Manufacturer Enhancement Act of 2026, advanced out of committee on September 16, 2026.
H.R. 10375 — 504 Modernization and Small Manufacturer Enhancement Act of…
What it does
This bill modernizes the Small Business Administration's 504 loan program (which helps small businesses finance real estate and equipment) by adding workforce development as a policy goal, streamlining loan closing procedures for certified lenders, allowing small manufacturers more flexibility in leasing space, and requiring the SBA to market the program more aggressively. The changes primarily benefit small businesses—especially manufacturers with 10 or fewer employees and those in disaster-recovery areas—by reducing red tape and expanding access to affordable capital.
Quorum's transparency scan gave 504 Modernization and Small Manufacturer Enhancement Act of 2026 a moderate transparency flag.
What happens next
H.R. 10375 advanced out of committee. Next stop: a floor vote.
Who is behind it
Filed by Nydia Velázquez. Cosponsored by Derek Tran, Gilbert Cisneros and Roger Williams.
The week in bills
One email, Sunday: what Congress passed, what it changed, and who paid.
One link arrives to confirm the address. It is used for this email and nothing else, and every issue carries an unsubscribe link.