To improve accountability in the disaster loan program of the Small Business Administration, and for other purposes.
Sponsors
Legislative Progress
ReportedReported by Ms. Ernst, with an amendment
Mr. Budd (for himself, Ms. Ernst, Mr. Scott of South …
Mr. Budd (for himself, Ms. Ernst, Mr. Scott of South …
Summary
What This Bill Does
Requires SBA to provide monthly disaster loan reports regardless of whether a major disaster is declared. Adds new reporting requirements on funding depletion dates and bars Administrator travel if reports are late.
Who Benefits and How
- Congress receives better information to oversee disaster loan program
- Disaster victims benefit from improved program transparency and accountability
- Small businesses gain insight into loan availability and funding status
Who Bears the Burden and How
- SBA Administrator faces travel restrictions if reports not submitted on time
- SBA must prepare more detailed monthly reports with funding projections
- Administrative staff handle expanded reporting requirements
Key Provisions
- Monthly reports required continuously, not just during major disasters
- Reports must estimate when funding will reach 10% of appropriation and when depleted
- Administrator barred from official travel if reports are late
- Requires explanation of changes to obligation and expenditure estimates
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Improves SBA disaster loan program accountability through enhanced reporting and transparency requirements
Policy Domains
Legislative Strategy
"Improve disaster loan oversight through mandatory reporting with enforcement"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_administrator"
- → SBA Administrator
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology