Bill seeks tighter oversight of SBA's disaster loan funding
Passed one chamberH.R. 4238Latest action
Sponsor: Tim Moore · Representative · NC
AIDecoded by AI · checked against the recordRead the official text
Official title: DLARA
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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DLARA would force earlier SBA warnings and possible loan payout limits when disaster loan funding runs critically low.
50-second read · 5 questions answered below
What does this do?
The bill requires the SBA to send Congress more detailed monthly reports on its disaster loan program and clearer warnings when funding runs low. It also sets rules for when funding drops below 10% of the historical average, allowing temporary limits on loan payouts until Congress adds more money, with delayed amounts paid within 14 days of new funding. It requires and SBA reports on loan patterns, rule changes, and a 2024 funding shortfall.
Who does it affect?
The SBA and its disaster loan program, plus committees, are directly affected.
Why does it matter?
Small businesses and homeowners relying on SBA disaster loans after hurricanes, floods, or other disasters could face payment delays during funding shortages, though earlier warnings aim to prevent unexpected gaps.
What does it cost, and who pays?
- Uses 10-year average loan costs as benchmark
- Includes COVID-EIDL loans in comparison
- No new spending amount specified
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Where does it stand?
- IntroducedJun 27, 2025
- House committee
- House vote
- SenateYou are here · Jun 24, 2026
- The president's desk
Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 448.