Requires the Small Business Administration to report more often on its disaster loan funding, limits new disaster loans when the money runs low, and bars loan forgiveness unless Congress authorizes it.

• Requires monthly SBA disaster loan reports to Congress and bars official travel by the Administrator until a late report is submitted.
• Requires the SBA to notify Congress within 24 hours when unobligated disaster loan funds fall below 10 percent of the 10-year average annual cost, and lets the Administrator limit new loans to those requiring collateral until more money is appropriated.
• Requires the president's budget request to show separate cost and administrative cost figures for SBA disaster loans and COVID-EIDL loans, compared with 10-year averages.
• Requires GAO and the SBA Inspector General to review the disaster loan account and the 2023 and 2024 disaster loan rule changes, and requires the SBA to submit a plan for any recommendations.

• Small Business and Entrepreneurship Committee (Senate)

Commerce