Legis Daily

DLARA

USA119th CongressHR-4238| House 
| Updated: 6/27/2025
Tim Moore

Tim Moore

Republican Representative

North Carolina

Cosponsors (18)
Doug LaMalfa (Republican)Kimberlyn King-Hinds (Republican)Gregory F. Murphy (Republican)David J. Taylor (Republican)Carlos A. Gimenez (Republican)David Rouzer (Republican)Donald G. Davis (Democratic)Anna Paulina Luna (Republican)Daniel Meuser (Republican)Mike Flood (Republican)Jefferson Shreve (Republican)Joe Wilson (Republican)Nicholas J. Begich (Republican)Byron Donalds (Republican)Pat Harrigan (Republican)Russell Fry (Republican)Juan Ciscomani (Republican)Chuck Edwards (Republican)

Small Business Committee, Budget Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislation seeks to significantly improve the transparency and financial management of the Small Business Administration's (SBA) disaster loan program. It introduces several measures designed to enhance accountability , particularly in how the SBA forecasts, requests, and manages funds for disaster relief. The bill aims to prevent future funding shortfalls and ensure more accurate reporting to Congress and the public regarding the program's financial health and operational efficiency. To achieve greater transparency, the bill amends existing law to require the SBA Administrator to submit more detailed monthly reports on disaster loan activity, including projections for when available funding will be depleted. Furthermore, it mandates that the President's annual budget request include separate, detailed statements for both the cost and administrative expenses of SBA disaster loans and COVID-EIDL loans. These statements must compare requested amounts to 10-year averages and provide explanations for any significant differences, thereby offering a clearer financial picture. The bill also establishes new protocols for situations where disaster loan funding is critically low, specifically when the unobligated balance falls below 10 percent of the 10-year average annual cost. In such cases, the Administrator must promptly notify Congress and may temporarily limit loan obligations to amounts backed by collateral. To ensure robust oversight, the legislation directs the Government Accountability Office (GAO) to produce reports on the program's financial metrics and the impact of recent changes to disaster loan terms. Additionally, the SBA Inspector General is tasked with reviewing past funding shortfalls, identifying any reporting failures, and recommending improvements to forecasting and internal controls.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 4, 2025

Latest Companion Bill Action

S 119-300
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Jun 27, 2025
Introduced in House
Jun 27, 2025
Referred to the Committee on Small Business, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • March 4, 2025

    Latest Companion Bill Action

    S 119-300
    Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.


  • June 27, 2025
    Introduced in House


  • June 27, 2025
    Referred to the Committee on Small Business, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Commerce

Related Bills

  • S 119-300: DLARA

DLARA

USA119th CongressHR-4238| House 
| Updated: 6/27/2025
This legislation seeks to significantly improve the transparency and financial management of the Small Business Administration's (SBA) disaster loan program. It introduces several measures designed to enhance accountability , particularly in how the SBA forecasts, requests, and manages funds for disaster relief. The bill aims to prevent future funding shortfalls and ensure more accurate reporting to Congress and the public regarding the program's financial health and operational efficiency. To achieve greater transparency, the bill amends existing law to require the SBA Administrator to submit more detailed monthly reports on disaster loan activity, including projections for when available funding will be depleted. Furthermore, it mandates that the President's annual budget request include separate, detailed statements for both the cost and administrative expenses of SBA disaster loans and COVID-EIDL loans. These statements must compare requested amounts to 10-year averages and provide explanations for any significant differences, thereby offering a clearer financial picture. The bill also establishes new protocols for situations where disaster loan funding is critically low, specifically when the unobligated balance falls below 10 percent of the 10-year average annual cost. In such cases, the Administrator must promptly notify Congress and may temporarily limit loan obligations to amounts backed by collateral. To ensure robust oversight, the legislation directs the Government Accountability Office (GAO) to produce reports on the program's financial metrics and the impact of recent changes to disaster loan terms. Additionally, the SBA Inspector General is tasked with reviewing past funding shortfalls, identifying any reporting failures, and recommending improvements to forecasting and internal controls.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 4, 2025

Latest Companion Bill Action

S 119-300
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Jun 27, 2025
Introduced in House
Jun 27, 2025
Referred to the Committee on Small Business, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • March 4, 2025

    Latest Companion Bill Action

    S 119-300
    Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.


  • June 27, 2025
    Introduced in House


  • June 27, 2025
    Referred to the Committee on Small Business, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Tim Moore

Tim Moore

Republican Representative

North Carolina

Cosponsors (18)
Doug LaMalfa (Republican)Kimberlyn King-Hinds (Republican)Gregory F. Murphy (Republican)David J. Taylor (Republican)Carlos A. Gimenez (Republican)David Rouzer (Republican)Donald G. Davis (Democratic)Anna Paulina Luna (Republican)Daniel Meuser (Republican)Mike Flood (Republican)Jefferson Shreve (Republican)Joe Wilson (Republican)Nicholas J. Begich (Republican)Byron Donalds (Republican)Pat Harrigan (Republican)Russell Fry (Republican)Juan Ciscomani (Republican)Chuck Edwards (Republican)

Small Business Committee, Budget Committee

Commerce

Related Bills

  • S 119-300: DLARA
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted