Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hr-10352119th CongressWALLET
504 Program Level Flexibility Act
Sponsored By: Representative Simon, Lateefah [D-CA-12]
In Committee
Summary
Allows the SBA to temporarily raise the Section 504 annual commitment cap by up to 15% when demand would otherwise exceed the limit. This change would start in fiscal year 2027 and apply each year after, but only if the Administrator finds commitments could surpass the existing cap.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher SBA 504 loan limits
If enacted, the SBA Administrator would be able to approve 504 loan guarantees up to 115% of the usual annual commitment limit. This would apply starting in fiscal year 2027 and each year after. The power could be used only if the Administrator determines commitments could exceed the applicable limit. The SBA would have to notify the House and Senate small-business and appropriations committees at least 30 days before using it. The authority could be used no more than once in any fiscal year. This would not create new funding; it would only raise the allowable commitment ceiling when used.
Sponsors & CoSponsors
Sponsor
Simon, Lateefah [D-CA-12]
CA • D
Cosponsors
Rep. Alford, Mark [R-MO-4]
MO • R
Sponsored 9/14/2026
Rep. Cisneros, Gilbert Ray [D-CA-31]
CA • D
Sponsored 9/16/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov