119th Congress · House bill · Last action Oct 9, 2026
H.R. 10375IntroducedCommerce
504 Modernization and Small Manufacturer Enhancement Act of 2026
Sponsor: Rep. Velázquez, Nydia M. (D-NY)3 cosponsorsIntroduced Sep 14, 2026
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In plain English
H.R. 10375, sponsored by Rep. Nydia Velázquez (D-NY), amends the Small Business Investment Act of 1958 to improve the loan guaranty program and expand access to affordable capital for small manufacturers. The bill's specific provisions are not yet detailed in available sources, but it addresses improvements to the existing loan guaranty framework and manufacturing sector lending capacity. The measure was referred to the House Committee on Small Business on September 14, 2026.
What’s in the bill (5 sections)
- Sec. 2. Additions to policy goals for the development company program
- Sec. 3. Improvements to 504 loan closing procedure
- Sec. 4. Sba marketing and outreach
- Sec. 5. Leasing rules for new facilities and existing buildings
- Sec. 6. Credit elsewhere exemption
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →
Note: the official CRS summary for this bill was written on 2026-10-09, but the bill text was revised on 2026-10-09T04:00:00Z. Provisions may have been added since the summary was written — the section list above reflects the current text.
Where it is in the process
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Introduced
Sep 14
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House committee
Sep 16
3
House floor
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4
Senate
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5
Signed
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What happens next: Awaiting committee assignment or hearings in the House.
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Sponsor
Cosponsors (3)
RR
DR
GR
2 Democrats, 1 Republican (of 3 shown).
Activity timeline
Oct 9
Oct 9
Oct 9
Placed on the Union Calendar, Calendar No. 745.
Oct 9
Oct 9
Oct 9
Reported by the Committee on Small Business. H. Rept. 119-848.
Oct 9
Oct 9
Oct 9
Reported by the Committee on Small Business. H. Rept. 119-848.
Sep 16
Sep 16
Sep 16
Ordered to be Reported by the Yeas and Nays: 23 - 0.
Sep 16
Sep 16
Sep 16
Committee Consideration and Mark-up Session Held
Sep 14
Sep 14
Sep 14
Referred to the House Committee on Small Business.
Sep 14
Sep 14
Sep 14
Introduced in House
Sep 14
Sep 14
Sep 14
Introduced in House
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 8 recorded actions since introduction · Source: Congress.gov
Oct 9
HOUSEPlaced on the Union Calendar, Calendar No. 745.
Oct 9
HOUSEReported by the Committee on Small Business. H. Rept. 119-848.
Oct 9
Reported by the Committee on Small Business. H. Rept. 119-848.
Sep 16
HOUSEOrdered to be Reported by the Yeas and Nays: 23 - 0.
Sep 16
HOUSECommittee Consideration and Mark-up Session Held
Sep 14
HOUSEReferred to the House Committee on Small Business.
Sep 14
Introduced in House
Sep 14
Introduced in House
All 3 cosponsors
2 Democrats · 1 Republican
Democrats (2)
Tran, DerekCA-45
Republicans (1)
Williams, RogerTX-25
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