DLARA

This bill changes how the Small Business Administration (SBA) handles its disaster loan program by adding more oversight and reporting requirements. The SBA would have to send monthly reports to Congress about how much funding is left for disaster loans and when the money might run out, and if the report is late, the SBA Administrator cannot use funds for official travel until it is submitted. The President's yearly budget would also need to include specific details about how much money is being requested for disaster loans and COVID-19 business loans, and the SBA must alert Congress when available disaster loan funds drop below a certain level. The bill also requires additional reviews from the Government Accountability Office and the SBA itself on how disaster loans are being handed out and how the SBA can do a better job of predicting costs.

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