Disaster Loan Accountability and Reform Act aims to improve accountability in the Small Business Administration's disaster loan program.
The Disaster Loan Accountability and Reform Act (DLARA) seeks to enhance accountability within the Small Business Administration's (SBA) disaster loan program. Key provisions include a review by the SBA Inspector General on the circumstances surrounding a funding shortfall, monthly reporting requirements, and limitations on loan forgiveness. The Act also mandates budget requests to detail the cost of SBA disaster loans and COVID-EIDL loans, and prohibits the SBA Administrator from issuing rules that increase program costs.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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