DLARA

This bill aims to make SBA disaster loans more reliable and transparent. It would require monthly public reports on funding levels, including the date money will drop to 10% and when it will run out, and it would pause official travel for the SBA head if a required report is late . When funds get low, the SBA must notify Congress within 24 hours. It could temporarily limit how much of each new loan it obligates to the part backed by collateral, then pay out the rest within 14 days after more money is added. This low‑funding authority would automatically end four years after enactment .

It also strengthens budgeting and oversight. The President’s budget would have to clearly show the costs and admin costs for SBA disaster loans and COVID‑EIDL loans, compare them to a 10‑year average, and explain any differences. Independent reviews would look at what caused the 2024 funding shortfall and how to prevent it, and study how recent SBA rule changes affect loan costs and subsidies. The SBA must submit a fix‑it plan for forecasting and data within 30 days and give updates every 90 days until the fixes are done .

Key points

• Who is affected: People and small businesses that use SBA disaster loans (home, business, and economic injury), and taxpayers who rely on steady disaster aid.
• What changes: Monthly funding reports and early warnings; temporary limits on new loan obligations when funds are low; faster payouts after new funds arrive; clearer budget details that separate regular disaster loans from COVID‑EIDL; GAO and Inspector General reviews; and a required SBA plan to fix forecasting and data issues .
• When: Notices within 24 hours of hitting low funds; fix‑it plan due in 30 days; progress updates every 90 days; Inspector General report in 180 days; GAO reports within 1 year; the low‑funding authority sunsets after 4 years .