,,ii #aahth ,,congress #b;d ,session ,s4 #eccb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,november #ad1 #bjbd,mr4 ,tillis 7for himself1 ,mr4 ,budd1 ,mr4 ,cassidy1 ,mr4 ,warner1 ,mr4 ,heinrich1 ,mr4 ,scott of ,south ,carolina1 and ,ms4 ,ernst7 introduced the following bill2 which was read twice and referred to the ,committee on ,small ,business and ,entrepreneurship ,a ,,bill ,to appropriate amounts to the ,disaster ,loans ,program ,account1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,restoring an ,economic ,lifeline with ,immediate ,emergency ,funding ,act or the ,,relief ,act4 #b4 ,small business disaster loans 7a7 ,direct appropriations 7#a7 ,in general ,there is appropriated1 out of amounts in the ,treasury not otherwise appropriated1 for an additional amount for ,disaster ,loans ,program ,account for fiscal year #bjbe for the cost of direct loans authorized by section #g7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b771 #haj1jjj1jjj1 to remain available until expended1 of which-- 7,a7 #aj1jjj1jjj shall be transferred to ,office of ,inspector ,general for audits and reviews of disaster loans and the disaster loan programs2 and 7,b7 #bej1jjj1jjj may be transferred to ,salaries and ,expenses for administrative expenses to carry out the disaster loan program authorized by such section #g7;b74 7#b7 ,prohibition ,none of the funds appropriated under paragraph 7#a7 may be used for indirect administrative expenses4 7#c7 ,emergency designation 7,a7 ,in general ,the amounts provided by this subsection are designated as an emergency requirement pursuant to section #d7;g7 of the ,statutory ,pay-,as-,you-,go ,act of #bjaj 7#b ,u4,s4,c4 #icc7;g774 7,b7 ,designation in ,house and ,senate ,this subsection is designated as being for an emergency requirement pursuant to section #djja7;a77#a7 of ,s4 ,con4 ,res4 #ad 7#aagth ,congress71 the concurrent resolution on the budget for fiscal year #bjbb1 and to legislation establishing fiscal year #bjbe budget enforcement in the ,house of ,representatives4 7b7 ,inspector ,general review 7#a7 ,definitions ,in this subsection-- 7,a7 the terms ,administration and #8#8,administrator'' mean the ,small ,business ,administration and the ,administrator thereof1 respectively2 7,b7 the term #8#8appropriate committees of ,congress'' means the ,committee on ,small ,business and ,entrepreneurship and the ,committee on ,appropriations of the ,senate and the ,committee on ,small ,business and the ,committee on ,appropriations of the ,house of ,representatives2 7,c7 the term covered amounts means amounts made available for the cost of direct loans authorized by section #g7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b772 and 7,d7 the term ,inspector ,general means the ,inspector ,general of the ,administration4 7#b7 ,review 7,a7 ,in general ,the ,inspector ,general shall conduct a review of the circumstances and the underlying causes surrounding the funding shortfall with respect to covered amounts1 as described in the letter from ,president ,joseph ,r4 ,biden1 ,jr4 entitled ,letter to ,congress on ,disaster ,needs1 dated ,october #d1 #bjbd1 and the letter from the ,administrator submitted to the ,chairs and ,ranking ,members of the ,committees on ,appropriations of the ,senate and the ,house of ,representatives1 dated ,october #aj1 #bjbd4 7,b7 ,contents ,the review conducted under subparagraph 7,a7 shall include1 with respect to the funding shortfall described in that subparagraph-- 7i7 a comparison of monthly obligations of covered amounts against projected obligations of covered amounts2 7ii7 an analysis of the accuracy of projections and estimates related to projected obligations of covered amounts2 7iii7 the identification and description of any internal controls in place to manage covered amounts2 7iv7 the identification of actions that the ,administration can take to improve the accuracy of information submitted by the ,president under section #aaje7;a7 of title #ca1 ,united ,states ,code1 with respect to the ,administration1 prevent any future funding shortfall with respect to any account of the ,administration1 and improve the report submitted to the appropriate committees of ,congress under section #abjia7;a7 of the ,small ,business ,disaster ,response and ,loan ,improvements ,act of #bjjh 7#ae ,u4,s4,c4 #fcfk7a772 and 7v7 any other matter determined relevant by the ,inspector ,general4 7,c7 ,report on findings ,not later than #ahj days after the date of enactment of this ,act1 the ,inspector ,general shall submit to the appropriate committees of ,congress a report that contains the findings of the review conducted under subparagraph 7,a74 7#c7 ,reports on corrections ,the ,administrator shall submit to the appropriate committees of ,congress-- 7,a7 not later than #cj days after the date of enactment of this ,act1 a report detailing corrections the ,administration will make to improve forecasting1 data quality1 and budget assumptions relating to budget submissions relating to amounts made available for the cost of direct loans authorized by section #g7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b772 and 7,b7 not later than #ij days after the date of enactment of this ,act1 and every #ij days thereafter until the date that is #ij days after the date on which all the corrections described in subparagraph 7,a7 have been implemented1 a report-- 7i7 detailing the actions the ,administration has taken to implement the corrections described in subparagraph 7,a72 and 7ii7 explaining how each action detailed under clause 7i7 is directly related to implementing #a or more corrections described in subparagraph 7,a74