A resolution designating June 15, 2025, as "World Elder Abuse Awareness Day" and the month of June 2025 as "Elder Abuse Awareness Month".
- Last Action
- 6/24/2025
Actions
- 2025-03-04Placed on Senate Legislative Calendar under General Orders. Calendar No. 22.
- 2025-03-04Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
- 2025-03-04Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
- 2025-02-20Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
- 2025-01-29Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 2025-01-29Introduced in Senate
CRS Summary
As of 2025-03-04 (25)
Disaster Loan Accountability and Reform Act or the DLARA
This bill modifies the Small Business Administration (SBA) disaster loan program and requires external review of, and reporting on, the program.
First, the bill requires the SBA to report monthly on the operation of the disaster loan program. (Currently, the SBA must report only during the applicable period for a major disaster.) The report must estimate the date on which available funding for such loans will reach 10% of the most recent appropriation and the date on which the funds will be depleted.
Second, the President's annual budget must include separate statements regarding the appropriations request for SBA disaster loans and COVID-19 Economic Injury Disaster Loans (EIDL), including explanations for any difference between the amount requested and the 10-year average cost for such loans.
Third, for a period of four years, the SBA must notify Congress when the unobligated balance of amounts available for disaster loans is less than 10% of the 10-year average annual cost provided in the most recent Presidential budget. At such point, the SBA may limit disaster loans to collateralized amounts.
Finally, the bill requires additional oversight of the disaster loan program, including
- a Government Accountability Office report on the disbursement of disaster loans and the effect of specified SBA rules on home lending limits,
- an SBA Office of Inspector General review of recent funding shortfalls for disaster loans, and
- an SBA report on improvements for forecasting the cost of disaster loans.
Cosponsors (9)
- Joni Ernst (R-IA)
- Tim Scott (R-SC)
- Thomas Tillis (R-NC)
- Jon Husted (R-OH)
- James Justice (R-WV)
- Todd Young (R-IN)
- James Risch (R-ID)
- Jeanne Shaheen (D-NH)
- John Kennedy (R-LA)
Subjects
- Congressional oversight
- Disaster relief and insurance
- Government information and archives
- Government lending and loan guarantees
- Government studies and investigations
- Small business
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.