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Code · BILL · 119th Congress · S. 300 (Reported in Senate) — To improve accountability in the disaster loan program of the Small Business Administration, and for other purposes. · Sec. 4

Sec. 4. Monthly disaster loan reports

180 words·~1 min read·/bill/119/s/300/rs/section-4

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Section 12091(a) of the Small Business Disaster Response and Loan Improvements Act of 2008 ( 15 U.S.C. 636k(a) ) is amended— in paragraph (1), by striking during the applicable period for a major disaster ; in paragraph (2)— in subparagraph (E), 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 10 percent of the most recent appropriation and the date at which the funds will be depleted ; in subparagraph (H), by striking and at the end; in subparagraph (I), by striking the period at the end and inserting ; and ; and by adding at the end the following: a summary detailing any changes to estimates or assumptions on obligations and expenditures, including data supporting these changes. ; and by adding at the end the following:
If the Administrator does not submit a report required to be submitted under paragraph
(1)by the required date, no funds may be obligated for official travel by the Administrator until the Administrator submits the report. .
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Sec. 4
Monthly disaster loan reports
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