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H. Rept. 119-404 1 (2025-12-12)

handle is hein.congrecreports/crptxahxb0001 and id is 1 raw text is: AUTHENTICATED r U.S. GOVERNMENT INFORMATION 4 119TH CONGRESS REPORT 1st Session J HOUSE OF REPRESENTATIVES 119-404 504 PROGRAM RISK OVERSIGHT ACT DECEMBER 12, 2025.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. WILLIAMS of Texas, from the Committee on Small Business, submitted the following REPORT together with MINORITY VIEWS [To accompany H.R. 5788] The Committee on Small Business, to whom was referred the bill (H.R. 5788) to amend title V of the Small Business Investment Act of 1958 to require an annual portfolio risk analysis of loans guaran- teed under such title, and for other purposes, having considered the same, reports favorably thereon without amendment and rec- ommends that the bill do pass. CONTENTS Page I. Purpose and Bill Sum m ary ........................................................................ 2 II. N eed for Legislation ................................................................................... 2 III. H earings ...................................................................................................... 2 IV. Com m ittee Consideration .......................................................................... 2 V . Com m ittee V otes ........................................................................................ 2 VI. Section-by-Section of H .R. 5788 ................................................................. 4 VII. Congressional Budget Office Cost Estimate ............................................ 4 VIII. New Budget Authority, Entitlement Authority, and Tax Expenditures 4 IX. Oversight Findings & Recommendations .................................................. 4 X. Performance Goals and Objectives ............................................................ 5 XI. Statement of Duplication of Federal Programs .................. 5 XII. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff B en efits ..................................................................................................... 5 XIII. Federal M andates Statem ent ..................................................................... 5 XIV. Federal Advisory Committee Statement .................................................. 5 XV. Applicability to Legislative Branch .......................................................... 5 XVI. Statement of Constitutional Authority ..................................................... 5 XVII. Changes in Existing Law Made by the Bill, as Reported ........................ 5 X V III. M inority V iew s ............................................................................................ 8 69-006