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HR4238119th CongressWALLET

DLARA

Sponsored By: Representative Moore, Tim [R-NC-14]

Passed House

Summary

This bill would tighten accountability and transparency for the Small Business Administration's disaster loan program by forcing clearer reporting, separate budget statements for disaster loans and COVID-era Economic Injury Disaster Loans, and expanded GAO reviews. It targets how loan costs and administrative expenses are tracked and shared with Congress.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Clearer budgets and better loan forecasting

This bill would make the President’s budget show separate lines for SBA disaster loans and COVID Economic Injury Disaster Loans. For each, it would list the requested funding for loan costs and for administrative costs, the 10‑year averages, and explain any differences. Within 30 days, the SBA would send Congress a plan to fix forecasting, data quality, and budget assumptions for disaster‑loan costs, then provide updates every 90 days until 90 days after all fixes are done.

Faster alerts and on-time loan reports

This bill would strengthen monthly SBA disaster loan reports. Each report would show the date when funds drop to 10% of the latest appropriation and the date funds run out, and explain any changes to spending estimates with supporting data. The SBA would have to alert House and Senate Small Business and Appropriations Committees within 24 hours when available loan‑cost funds fall below 10% of the 10‑year average used in the President’s budget (or the prior 10‑year average if not available). If a required monthly report is late, no money could be used for the SBA Administrator’s official travel until the report is filed.

Independent GAO reviews of SBA disaster loans

This bill would direct the Government Accountability Office to issue two independent reports. Within 180 days, GAO would report on how fast SBA disaster loan funds are obligated, how much borrowers get in the first 12 weeks after accepting a loan (home, business, and economic injury), and the average fully disbursed loan size since July 31, 2023. Within 1 year, GAO would assess the cost and subsidy effects of two SBA rules issued on June 16, 2023 and July 24, 2024 for disaster loans. The SBA Administrator would have 90 days after the 1‑year report to send Congress a response with an implementation plan.

Sponsors & CoSponsors

Sponsor

Moore, Tim [R-NC-14]

NC • R

Cosponsors

  • Rep. Davis, Donald G. [D-NC-1]

    NC • D

    Sponsored 6/27/2025

  • Rep. Edwards, Chuck [R-NC-11]

    NC • R

    Sponsored 6/27/2025

  • Del. King-Hinds, Kimberlyn [R-MP-At Large]

    MP • R

    Sponsored 6/27/2025

  • Rep. Gimenez, Carlos A. [R-FL-28]

    FL • R

    Sponsored 6/27/2025

  • Rep. Murphy, Gregory F. [R-NC-3]

    NC • R

    Sponsored 6/27/2025

  • Rep. Donalds, Byron [R-FL-19]

    FL • R

    Sponsored 6/27/2025

  • Rep. Fry, Russell [R-SC-7]

    SC • R

    Sponsored 6/27/2025

  • Rep. Ciscomani, Juan [R-AZ-6]

    AZ • R

    Sponsored 6/27/2025

  • Rep. Rouzer, David [R-NC-7]

    NC • R

    Sponsored 6/27/2025

  • Rep. Wilson, Joe [R-SC-2]

    SC • R

    Sponsored 6/27/2025

  • Rep. LaMalfa, Doug [R-CA-1]

    CA • R

    Sponsored 7/10/2025

  • Rep. Taylor, David J. [R-OH-2]

    OH • R

    Sponsored 7/10/2025

  • Rep. Harrigan, Pat [R-NC-10]

    NC • R

    Sponsored 7/14/2025

  • Rep. Flood, Mike [R-NE-1]

    NE • R

    Sponsored 7/16/2025

  • Rep. Luna, Anna Paulina [R-FL-13]

    FL • R

    Sponsored 9/8/2025

  • Rep. Meuser, Daniel [R-PA-9]

    PA • R

    Sponsored 10/3/2025

  • Rep. Begich, Nicholas J. [R-AK-At Large]

    AK • R

    Sponsored 7/17/2025

  • Rep. Shreve, Jefferson [R-IN-6]

    IN • R

    Sponsored 7/21/2025

  • Rep. Goodlander, Maggie [D-NH-2]

    NH • D

    Sponsored 5/19/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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