,,ii ,calendar ,no4 #ddh #aaith         
,,congress  #b;d ,session  ,h4 ,r4 #dbch
  ,,in ,,the ,,senate ,,of ,,the        
,,united ,,states  ,june #bd1           
#bjbf,received2 read twice and placed on
 the calendar  ,,an ,,act  ,to improve  
accountability in the disaster loan     
program of the ,small ,business         
,administration1 and for other purposes4
  #a4 ,short title ,this ,act may be    
cited as the ,disaster ,loan            
,accountability and ,reform ,act or the 
,,dlara4  #b4 ,table of contents ,the   
table of contents for this ,act is as   
follows3 ,sec4 #a4 ,short title4,sec4   
#b4 ,table of contents4,sec4 #c4        
,definitions4,sec4 #d4 ,monthly disaster
 loan reports4,sec4 #e4 ,budget request 
relating to disaster loans4,sec4 #f4    
,limitations on disaster loans4,sec4 #g4
 ,,gao report on ,,sba disaster loan    
account4,sec4 #h4 ,,gao report on       
disaster loan changes4,sec4 #i4 ,budget 
and forecasting report regarding the    
cost of direct disaster loans4  #c4     

,definitions ,in this ,act-- 7#a7 the   
terms ,administration and ,administrator
 mean the ,small ,business              
,administration and the ,administrator  
thereof1 respectively2  7#b7 the term   
appropriate 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 and  7#c7 the term    
,,sba disaster loan means a direct loan 
authorized by section #g7;b7 of the     
,small ,business ,act 7#ae ,u4,s4,c4    
#fcf7;b771 other than a loan that was   
authorized under section #aaaj of the   
,,cares ,act 7#ae ,u4,s4,c4 #ijji74  #d4
 ,monthly disaster loan reports ,section
 #abjia7;a7 of the ,small ,business     
,disaster ,response and ,loan           
,improvements ,act of #bjjh 7#ae        
,u4,s4,c4 #fcfk7a77 is amended-- 7#a7 in
 paragraph 7#a7-- 7,a7 by striking      

during the applicable period for a major
 disaster2 and  7,b7 by striking for    
that major disaster2  7#b7 in paragraph 
7#b7-- 7,a7 in subparagraph 7,e71 by    
striking how long the available funding 
for such loans will last and inserting  
the date at which available funding for 
such loans will reach #aj percent of the
 most recent appropriation and the date 
at which the funds will be depleted2    
7,b7 in subparagraph 7,h71 by striking  
and at the end2  7,c7 in subparagraph   
7,i71 by striking the period at the end 
and inserting 2 and2 and  7,d7 by adding
 at the end the following3  7,j7 a      
summary detailing any changes to        
estimates or assumptions on obligations 
and expenditures1 including data        
supporting these changes4  2 and  7#c7  
by adding at the end the following3     
7#c7 ,prohibition on official travel ,if
 the ,administrator does not submit a   
report required to be submitted under   
paragraph 7#a7 by the required date1 no 
funds are authorized to be appropriated 

for official travel by the              
,administrator until the ,administrator 
submits the report4  4  #e4 ,budget     
request relating to disaster loans      
,section #aaje of title #ca1 ,united    
,states ,code1 is amended-- 7#a7 in     
subsection 7a71 by adding at the end the
 following3  7#ci7 separate statements  
of-- 7,a7 the amount of appropriations  
requested for the fiscal year for which 
the budget is submitted for the cost of 
,,sba disaster loans1 the #aj-year      
average of the cost of ,,sba disaster   
loans1 and an explanation for any       
difference between the amount requested 
and the #aj-year average cost2 and  7,b7
 the amount of appropriations requested 
for the fiscal year for which the budget
 is submitted for the cost of           
,,covid-,,eidl loans1 the #aj-year      
average of the cost of ,,covid-,,eidl   
loans1 and an explanation for any       
difference between the amount requested 
and the #aj-year average cost4  7#dj7   
separate statements of-- 7,a7 the amount

 of appropriations requested for the    
fiscal year for which the budget is     
submitted for administrative costs      
relating to ,,sba disaster loans1 the   
#aj-year average of such administrative 
costs1 and an explanation for any       
difference between the amount requested 
and the #aj-year average costs2 and     
7,b7 the amount of appropriations       
requested for the fiscal year for which 
the budget is submitted for             
administrative costs relating to        
,,covid-,,eidl loans1 the #aj-year      
average of such administrative costs1   
and an explanation for any difference   
between the amount requested and the    
#aj-year average costs4  2 and  7#b7 by 
adding at the end the following3  7j7   
,in paragraphs 7#ci7 and 7#dj7 of       
subsection 7a7-- 7#a7 the term          
,,covid-,,eidl loan means a direct loan 
under section #g7;b7 of the ,small      
,business ,act 7#ae ,u4,s4,c4 #fcf7;b77 
that was authorized under section #aaaj 
of the ,,cares ,act 7#ae ,u4,s4,c4      

#ijji72 and  7#b7 the term ,,sba        
disaster loan means a direct loan       
authorized by section #g7;b7 of the     
,small ,business ,act 7#ae ,u4,s4,c4    
#fcf7;b771 other than a loan that was   
authorized under section #aaaj of the   
,,cares ,act 7#ae ,u4,s4,c4 #ijji74  4  
#f4 ,limitations on disaster loans      
,section #g7;b7 of the ,small ,business 
,act 7#ae ,u4,s4,c4 #fcf7;b77 is        
amended-- 7#a7 by redesignating the     
second paragraph designated as paragraph
 7#af71 relating to statute of          
limitations1 as added by the ,,covid-#ai
 ,,eidl ,fraud ,statute of ,limitations 
,act of #bjbb 7,public ,law #aag-afe2   
#acf ,stat4 #acfc71 as paragraph 7#ah72 
and  7#b7 by inserting after paragraph  
7#af71 relating to disaster declarations
 in rural areas1 as added by the        
,disaster ,assistance for ,rural        
,communities ,act 7,public ,law         
#aag-bdi2 #acf ,stat4 #bcej71 the       
following3  7#ag7 ,requirements when    
funding is low ,not later than #bd hours

 after the balance of funds authorized  
to be appropriated for the cost of      
direct loans authorized by this         
subsection is less than #aj percent of  
the #aj-year average annual cost        
provided in the most recent             
,presidential budget request required   
under section #aaje7;a77#ci77;,a7 of    
title #ca1 ,united ,states ,code1 or1 if
 unavailable1 the #aj-year average      
annual cost for the immediately         
preceding #aj-year period of ,,sba      
disaster loans 7as defined in section   
#aaje7;j7 of such title71 the           
,administrator shall notify the         
,committee on ,appropriations and the   
,committee on ,small ,business and      
,entrepreneurship of the ,senate and the
 ,committee on ,appropriations and the  
,committee on ,small ,business of the   
,house of ,representatives4  4  #g4     
,,gao report on ,,sba disaster loan     
account  7a7 ,report ,not later than    
#ahj days after the date of enactment of
 this ,act1 the ,comptroller ,general of

 the ,united ,states shall submit to the
 ,administrator and the appropriate     
committees of ,congress a report on--   
7#a7 the average weekly rate at which   
the ,administration obligates the       
unobligated balance of amounts available
 for the cost of ,,sba disaster loans2  
7#b7 the average amount1 during the     
periods beginning on ,october #a1 #bjae1
 and ending on ,july #ca1 #bjbc1 and    
beginning on ,july #ca1 #bjbc1 and      
ending on the date of enactment of this 
,act1 respectively1 disbursed to a      
borrower each week1 during the initial  
#ab-week period in which a borrower     
receives amounts from an ,,sba disaster 
loan1 beginning the day after the       
borrower accepts their loan1 separated  
by home ,,sba disaster loan borrowers1  
business ,,sba disaster loan borrowers1 
and economic injury disaster loan       
borrowers2 and  7#c7 the average amount 
of fully disbursed ,,sba disaster loans1
 originated during the period beginning 
on ,july #ca1 #bjbc1 and ending on the  

date of enactment of this ,act1 with    
separate averages for ,,sba disaster    
loans delineated by home1 business1 and 
economic injury disaster loans4  7b7    
,response ,not later than #ij days after
 the date on which the ,comptroller     
,general of the ,united ,states submits 
the report under subsection 7a71 the    
,administrator shall submit to the      
appropriate committees of ,congress a   
response to the report1 including an    
implementation plan for any             
recommendations in the report4  #h4     
,,gao report on disaster loan changes   
7a7 ,definition ,in this section1 the   
term covered final rule means-- 7#a7 the
 final rule entitled ,disaster          
,assistance ,loan ,program ,changes to  
,maximum ,loan ,amounts and             
,miscellaneous ,updates 7#hh ,fed4 ,reg4
 #cicce 7,june #af1 #bjbc72 ,,rin       
#cbde-;,,ah#ia72 or  7#b7 the final rule
 entitled ,disaster ,assistance ,loan   
,program ,changes to ,unsecured ,loan   
,amounts and ,credit ,elsewhere         

,criteria 7#hi ,fed4 ,reg4 #eihbf 7,july
 #bd1 #bjbd72 ,,rin #cbde-;,,ai#jh74    
7b7 ,report ,not later than #a year     
after the date of enactment of this     
,act1 the ,comptroller ,general of the  
,united ,states shall submit to the     
appropriate committees of ,congress a   
report on-- 7#a7 the cost 7as defined in
 section #ejb of the ,federal ,credit   
,reform ,act of #aiij 7#b ,u4,s4,c4     
#ffa;a77 of the increase in the home    
loan lending limits for1 the extension  
of the deferment period for1 the        
expansion of mitigation options for1 the
 modifications to the criteria for      
determining whether applicants can      
obtain credit elsewhere with respect to1
 the changes to collateral requirements 
for1 and other changes to the terms and 
conditions of loans under section       
#g7;b77#a7 of the ,small ,business ,act 
7#ae ,u4,s4,c4 #fcf7;b77#a77 made by the
 covered final rules2 and  7#b7 the     
effect on the subsidy for such loans of 
the changes contained in the covered    

final rules4  #i4 ,budget and           
forecasting report regarding the cost of
 direct disaster loans  7a7 ,budget     
formulation and forecasting ,not later  
than #cj days after the date of         
enactment of this ,act1 the             
,administrator shall submit to the      
appropriate committees of ,congress 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 ,,sba disaster
 loans4  7b7 ,updates ,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 subsection 7a7 have been   
implemented1 the ,administrator shall   
submit to the appropriate committees of 
,congress a report-- 7#a7 detailing the 
actions the ,administration has taken to
 implement the corrections described in 

subsection 7a72 and  7#b7 explaining how
 each action detailed under paragraph   
7#a7 is directly related to implementing
 #a or more corrections described in    
subsection 7a74  ,passed the ,house of  
,representatives ,june #bc1 #bjbf4,kevin
 ,f4 ,mc,cumber1,clerk4  ,june #bd1     
#bjbf,received2 read twice and placed on
 the calendar