RELIEF Act

This bill provides $810 million in direct funding for the Small Business Administration's disaster loan program for fiscal year 2025, specifically to support small businesses affected by disasters. It allocates $10 million for Inspector General audits of the program and $250 million for administrative costs to manage the loan program, while prohibiting use of funds for indirect administrative expenses. The bill requires the SBA's Inspector General to review past funding shortfalls related to disaster loans and submit findings to Congress within 180 days, along with specific reports detailing how the SBA will improve forecasting and budget accuracy. These changes directly affect small businesses seeking disaster loans and the Small Business Administration's operational procedures.