DLARA

This bill, the Disaster Loan Accountability and Reform Act (DLARA), requires the Small Business Administration (SBA) to improve transparency and oversight of disaster loans. Key provisions include mandating monthly reports on loan funding status (e.g., notifying Congress when unobligated funds drop below 10% of the latest appropriation), requiring detailed budget explanations for disaster loan costs, and prohibiting loan forgiveness without congressional authorization. It also restricts the SBA from issuing rules that increase program costs and mandates reviews by the GAO and SBA Inspector General into recent loan program changes and funding shortfalls. The bill directly affects SBA operations and reporting to Congress, focusing on accountability rather than altering loan eligibility or benefits for borrowers.