DLARA

Sponsor: Tim Moore (Republican-NC)June 27, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the Committee on Small Business, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Small businesses would get clearer updates on disaster loan money, with new rules if funds run low.

This bill would make the Small Business Agency (SBA) give clearer reports about its disaster loan money, including when it might run out. The head of the SBA would also have to tell Congress if disaster loan funds get very low. If funds are low, the SBA head could limit new loans to only those with security, but would have to quickly pay out existing loans once more money is provided.

What Would Change

Today, SBA reports and budget requests for disaster loans lack specific details on funding depletion and historical comparisons. The Administrator isn't explicitly required to notify Congress or limit loans when funds are critically low. After this bill, the SBA would provide more detailed reports, including specific dates for funding depletion and explanations for budget changes. The Administrator would have to notify Congress within 24 hours if funds drop below 10 percent of the 10-year average, and could then limit new loans to those with collateral, with a requirement for prompt disbursement of existing loans once new funds are provided.

Key Provisions

Requires the SBA Administrator to tell Congress within 24 hours if disaster loan funds drop below 10 percent of the 10-year average cost.
Lets the SBA Administrator temporarily limit new disaster loans to only those with collateral when funds are critically low.
Requires the SBA to pay out remaining amounts on existing disaster loans within 14 days after new money is set aside by Congress.
Requires the SBA to include specific dates in monthly reports for when disaster loan funds are expected to run low or be depleted.
Blocks the SBA Administrator from official travel if required monthly disaster loan reports are not submitted on time.
Requires the President's yearly budget to include more detailed comparisons and explanations for SBA disaster loan funding requests.

View on Congress.gov

HR 4238 · 119th Congress · June 27, 2025 · AI Summary by gemini-2.5-flash · 8/10

DLARA

What Would Change

Key Provisions

Lobbying Activity