Bill would require SBA to post disaster loan reports online
Placed on the calendarS. 371Latest action
Sponsor: Tim Scott · Senator · SC
AIDecoded by AI · checked against the recordRead the official text
Official title: SBA Disaster Transparency Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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S 371 would require the SBA to publish its disaster loan reports online, not just send them to Congress.
40-second read · 4 questions answered below
What does this do?
This bill requires the SBA to post certain disaster assistance reports on its public website, in addition to sending them to Congress. It amends the 2008 Small Business Disaster Response and Loan Improvements Act so that any disaster-related report already required to go to Congress must also be published online, including reports on the speed and status of disaster loan processing.
Who does it affect?
The SBA is directly affected, gaining new administrative duties to post these reports online. Small business owners, disaster victims, journalists, researchers, and the general public would also be affected, as would members of Congress and staff who already receive the reports.
Why does it matter?
The change would make information about SBA disaster loan processing publicly accessible rather than limited to congressional committees.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Reported to Senate” text of Mar 4, 2025.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedFeb 3, 2025
- Senate committee
- Senate voteYou are here · Mar 4, 2025
- House
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the House changes it, it goes back to the Senate before reaching the president.
Latest action: — Placed on Senate Legislative Calendar under General Orders. Calendar No. 23.