DLARA

Summary

Disaster Loan Accountability and Reform Act or the DLARA This bill modifies the Small Business Administration (SBA) disaster loan program and requires external review of, and reporting on, the program. First, the bill requires the SBA to report monthly on the operation of the disaster loan program. (Currently, the SBA must report only during the applicable period for a major disaster.) The report must estimate the date on which available funding for such loans will reach 10% of the most recent appropriation and the date on which the funds will be depleted. Second, the President's annual budget must include separate statements regarding the appropriations request for SBA disaster loans and COVID-19 Economic Injury Disaster Loans (EIDL), including explanations for any difference between the amount requested and the 10-year average cost for such loans. Third, for a period of four years, the SBA must notify Congress when the unobligated balance of amounts available for disaster loans is less than 10% of the 10-year average annual cost provided in the most recent Presidential budget. At such point, the SBA may limit disaster loans to collateralized amounts. Finally, the bill requires additional oversight of the disaster loan program, including a Government Accountability Office report on the disbursement of disaster loans and the effect of specified SBA rules on home lending limits, an SBA Office of Inspector General review of recent funding shortfalls for disaster loans, and an SBA report on improvements for forecasting the cost of disaster loans.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 29 January 2025

   Introduced

   Read twice and referred to the Committee on Small Business and Entrepreneurship.

   Source: IntroReferral

2. 29 January 2025

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 20 February 2025

   Reported

   Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.

   Source: Committee

4. 4 March 2025

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 22.

   Source: Calendars

5. 4 March 2025

   Reported

   Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.

   Source: Committee

6. 4 March 2025

   Reported

   Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Reported to Senate

  Reported to Senate · EN · 4 March 2025

  ViewDownloadOpen at official source

• Reported to Senate

  summary · EN · 4 March 2025

  Open at official source

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• Introduced in Senate

  Introduced in Senate · EN · 29 January 2025

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Budd, Ted [R-NC] · R · Sponsor
• Sen. Ernst, Joni [R-IA] · R · Sponsor
• Sen. Scott, Tim [R-SC] · R · Sponsor
• Sen. Tillis, Thomas [R-NC] · R · Sponsor
• Sen. Husted, Jon [R-OH] · R · Cosponsor
• Sen. Justice, James C. [R-WV] · R · Cosponsor
• Sen. Young, Todd [R-IN] · R · Cosponsor
• Sen. Risch, James E. [R-ID] · R · Cosponsor
• Sen. Shaheen, Jeanne [D-NH] · D · Cosponsor
• Sen. Kennedy, John [R-LA] · R · Cosponsor
• · sssb00 · Standing

Related records

• related to ← DLARA