arrow_back Back to App

Enhanced Oversight for Disaster Loans

This act aims to increase transparency and accountability in the Small Business Administration's (SBA) disaster loan program. It introduces new reporting and oversight requirements to ensure that funds are used effectively and assistance is available when most needed. The changes are designed to prevent future funding shortfalls and improve the speed of disbursements.
Key points
The SBA will be required to report regularly on the status of disaster loan funds, including projected depletion dates.
If funds are low, the SBA may limit loan disbursements to collateralized amounts but must notify Congress and promptly disburse remaining funds once additional appropriations are received.
An audit will be conducted to investigate past disaster loan funding shortfalls and prevent similar occurrences in the future.
New budgeting and forecasting requirements for loan costs will be implemented to improve financial planning accuracy.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4238
Sponsor: Rep. Moore, Tim [R-NC-14]
Process start date: 2025-06-27
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

DLARA

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4238.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-06-27.

What are the main provisions?

Key points include:

  • The SBA will be required to report regularly on the status of disaster loan funds, including projected depletion dates.
  • If funds are low, the SBA may limit loan disbursements to collateralized amounts but must notify Congress and promptly disburse remaining funds once additional appropriations are received.
  • An audit will be conducted to investigate past disaster loan funding shortfalls and prevent similar occurrences in the future.
  • New budgeting and forecasting requirements for loan costs will be implemented to improve financial planning accuracy.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Moore, Tim [R-NC-14].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy Public Investments