Supplemental money for SBA disaster loans, administrative limits, inspector general reviews, and reports on forecasting and shortfalls.
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“SBA’s independent watchdog office should receive $10 million from disaster loan funding to audit and review disaster loans and the disaster loan program.”
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“SBA should be able to move up to $250 million from the disaster loan account to pay for staff and operations that directly run the disaster loan program, but should not use that money for broader shared overhead costs.”
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“SBA should tell Congress within 30 days how it will improve disaster loan forecasts, data quality, and budget assumptions, then report every 90 days on what it has done until the corrections are fully implemented.”
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“The Small Business Administration should receive $810 million more to make disaster loans to eligible borrowers such as small businesses, homeowners, and certain nonprofits after declared disasters, with the money available until fully spent.”
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