H.R. 10352 — 504 Program Level Flexibility Act

This section authorizes the Administrator of the Small Business Administration to exceed the statutory limit on commitments to guarantee loans to qualified State or local development companies by up to 15 percent for FY2027 and each fiscal year thereafter, if the Administrator determines that commitments could otherwise exceed the limit. The Administrator must notify the Senate and House small business and appropriations committees at least 30 days in advance and may exercise the authority no more than once per fiscal year.