We have received text from H.R. 10352: 504 Program Level Flexibility Act. This bill was received on 2026-09-14, and currently has 1 cosponsor.
Here is a short summary of the bill:
This bill would change how the Small Business Administration’s 504 loan program works starting in fiscal year 2027.
What the 504 program is
The 504 program helps small businesses finance major purchases such as real estate, buildings, equipment, and other fixed assets. It does this by supporting loans made through certified development companies, which are state or local nonprofit lenders that work with the SBA.
What the bill would change
The bill would give the SBA Administrator limited extra flexibility if the agency is close to reaching its annual cap on how much it can commit to guarantee these loans. If the Administrator decides the annual limit may be exceeded, the Administrator could authorize commitments up to 115% of the normal limit for that year.
In plain terms, this means the SBA could approve somewhat more 504 loan support than normally allowed if demand is high.
Limits on using this authority
- The extra authority would apply only for fiscal year 2027 and later .
- The SBA would have to give 30 days’ notice before using the authority.
- That notice would have to be sent to the relevant House and Senate committees.
- The Administrator could use this authority only once per fiscal year .
Overall effect
The bill would not create a new loan program or change who qualifies for 504 loans. Instead, it would let the SBA make a limited increase in commitments when the program is at risk of hitting its annual ceiling, which could allow more small businesses to get access to 504 financing in a given year.
Relevant Companies
None found
Representative Lateefah Simon Bill Proposals
Here are some bills which have recently been proposed by Representative Lateefah Simon:
- H.R.10352: 504 Program Level Flexibility Act
- H.R.9934: Housing BOOM Act
- H.R.9415: Safeguarding American Families and Expanding Social Security Act of 2026
- H.R.8880: Small Business Cybersecurity Assistance Evaluation Act of 2026
- H.R.8426: Crime Survivor Support and Stability Act of 2026
- H.R.8128: Same-Day Paratransit Innovation Act
You can track bills proposed by Representative Lateefah Simon on Quiver Quantitative's politician page for Simon.
Representative Lateefah Simon Net Worth
Quiver Quantitative estimates that Representative Lateefah Simon is worth $58.4K, as of September 15th, 2026. This is the 474th highest net worth in Congress, per our live estimates.
Simon has approximately $50.4K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Lateefah Simon's net worth on Quiver Quantitative's politician page for Simon.
2026 California's 12th Congressional District Election
There has been approximately $2,583,365 of spending in California's 12th congressional district elections over the last two years, per our estimates.
Approximately $122,513 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- PROTECT PROGRESS ($111,598)
- MIA BONTA FOR ASSEMBLY 2024 ($10,900)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 California's 12th congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
