# 119-s-300: DLARA

119-s-300, DLARA, is a 119th Congress bill sponsored by Sen. Budd, Ted [R-NC] (R-NC); status in_committee; PRIA reads it as touching household money (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-s-300
- As of: 2026-09-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-300
- Congress: 119
- Title: DLARA
- Status: in_committee
- Introduced: 2025-01-29
- Sponsor: Sen. Budd, Ted [R-NC] (R-NC)
- Cosponsors: 9
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-09-10

## Summary

**Stronger transparency and funding controls for SBA disaster loans.** This bill would tighten reporting, require clearer budget disclosures, and add funding triggers and oversight for Small Business Administration direct disaster loans and CARES-era COVID Economic Injury Disaster Loans (COVID-EIDL). - Small businesses and disaster borrowers would face new safeguards and limits: if the program's unobligated balance falls below 10 percent of the 10-year average annual cost, the SBA must notify key committees within 24 hours and can limit new loan obligations while ensuring outstanding loan disbursements are obligated within 14 days after new appropriations. - Oversight and program data would increase: monthly reports must include expanded detail, GAO must produce an account report within 180 days and a rule-change cost review within one year, and the Administrator must respond with an implementation plan within 90 days of the GAO account report. - Budgeting and agency fixes would be forced into regular cycles: the President's budget would show 10-year average costs and administrative costs for SBA disaster and COVID-EIDL loans and the SBA must submit an initial corrective-action report within 30 days followed by updates every 90 days until corrections are complete.

## Cosponsors (9)

- Sen. Ernst, Joni [R-IA] (R-IA), 2025-01-29T00:00:00.000Z
- Sen. Scott, Tim [R-SC] (R-SC), 2025-01-29T00:00:00.000Z
- Sen. Tillis, Thomas [R-NC] (R-NC), 2025-01-29T00:00:00.000Z
- Sen. Husted, Jon [R-OH] (R-OH), 2025-02-24T00:00:00.000Z
- Sen. Justice, James C. [R-WV] (R-WV), 2025-02-24T00:00:00.000Z
- Sen. Young, Todd [R-IN] (R-IN), 2025-02-24T00:00:00.000Z
- Sen. Risch, James E. [R-ID] (R-ID), 2025-02-24T00:00:00.000Z
- Sen. Shaheen, Jeanne [D-NH] (D-NH), 2025-02-24T00:00:00.000Z
- Sen. Kennedy, John [R-LA] (R-LA), 2025-04-09T00:00:00.000Z

## Provisions PRIA read

- Inspector General review of SBA shortfall: benefit, medium. If enacted, the SBA Inspector General would review the recent funding shortfall described in specified Presidential and Administrator letters. The IG would check for missed required reports, explain why obligations or spending diverged from plans, test projection accuracy, describe internal control…
- New SBA budget and reporting rules: benefit, low. If enacted, the President's budget would have to show separate statements for SBA disaster loan costs and COVID‑EIDL costs. Each statement would include the amount requested, the 10‑year average, and an explanation for any difference. The SBA Administrator would also have to send a corrections plan…
- GAO reviews of SBA loan rules: benefit, low. If enacted, the Government Accountability Office would send several reports to Congress. Within 180 days GAO would report on how fast the SBA obligates and disburses disaster loans and the average weekly disbursements to borrowers in the first 12 weeks. The SBA would have 90 days to give an impleme…
- Loan limits when SBA disaster funds low: mixed, high. If enacted, the SBA would have to tell key House and Senate committees within 24 hours when its disaster loan fund falls below 10 percent of the 10‑year average cost. From the first business day after that notice until Congress adds money, the SBA would be able to limit new direct disaster loans to…

## Related bills

- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.
- 119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for the State of California.
- 119-sres-723: A resolution honoring the life of Dirk Arthur Kempthorne, former United States Senator for the State of Idaho.

## Sources
- [119-s-300 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/300)

## Related
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for…](https://policyrisk.com/legislation/119-sres-739)
- [119-sres-723: A resolution honoring the life of Dirk Arthur Kempthorne, former United States…](https://policyrisk.com/legislation/119-sres-723)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-300 (as of 2026-09-10).