RELIEF Act

senate

house

president

Legislation Details

Appropriates $810 million to the Disaster Loans Program Account for fiscal year 2025.
Allocates $10 million for audits and reviews of disaster loans by the Office of Inspector General.
Allows for $250 million to be transferred for administrative expenses related to the disaster loan program.
Prohibits the use of appropriated funds for indirect administrative expenses.
Designates the appropriated amounts as an emergency requirement under specific legislative provisions.
Requires the Inspector General to review the causes of a funding shortfall related to disaster loans.
The review must include comparisons of actual versus projected obligations, analysis of projections, and identification of internal controls.
The Inspector General must report findings to Congress within 180 days of enactment.
The Small Business Administration must report on corrective actions to improve forecasting and data quality within 30 days of enactment.
Subsequent reports on the implementation of corrections are required every 90 days until all corrections are completed.

Appropriates $810 million to the Disaster Loans Program Account for fiscal year 2025.
Allocates $10 million for audits and reviews of disaster loans by the Office of Inspector General.
Allows for $250 million to be transferred for administrative expenses related to the disaster loan program.
Prohibits the use of appropriated funds for indirect administrative expenses.
Designates the appropriated amounts as an emergency requirement under specific legislative provisions.
Requires the Inspector General to review the causes of a funding shortfall related to disaster loans.
The review must include comparisons of actual versus projected obligations, analysis of projections, and identification of internal controls.
The Inspector General must report findings to Congress within 180 days of enactment.
The Small Business Administration must report on corrective actions to improve forecasting and data quality within 30 days of enactment.
Subsequent reports on the implementation of corrections are required every 90 days until all corrections are completed.