DLARA

This bill changes the rules for the Small Business Administration's disaster loan program by requiring more oversight and regular reporting. The SBA would have to send monthly reports to Congress about how much money is left in the disaster loan fund, and if they don't submit reports on time, the SBA Administrator wouldn't be allowed to spend money on official travel. The President's yearly budget would need to include separate details about how much money is being requested for disaster loans, including loans related to COVID-19, and explain any differences from the average costs over the past ten years. The bill also requires the SBA to alert Congress when disaster loan funds are running low and calls for additional reviews by the Government Accountability Office on how disaster loans are being handed out and what certain rule changes have cost.

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