Sec. 5. Increased oversight of economic injury disaster loans
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Section 7(b) of the Small Business Act (15 U.S.C. 636(b)) is amended by inserting immediately after paragraph (9)(D)(3)(cc) the following: The Administrator shall increase oversight of entities receiving loans under paragraph (2), including— random site visits to ensure borrower eligibility and compliance with requirements established by the Administrator; and random reviews of the use of the loan proceeds by an entity described in paragraph
(2)to ensure compliance with requirements established by the Administrator. . It is the sense of Congress that no additional Federal funds shall be made available to carry out the amendments made by this section.
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Sec. 5
Increased oversight of economic injury disaster loans
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