We have received text from H.R. 4238: Disaster Loan Accountability and Reform Act. This bill was received on 2025-06-27, and currently has 12 cosponsors.
Here is a short summary of the bill:
This bill, called the Disaster Loan Accountability and Reform Act (DLARA), aims to improve accountability and transparency in the disaster loan program managed by the Small Business Administration (SBA). Here are the main components of the bill:
Monthly Disaster Loan Reports
The bill requires the SBA to submit monthly reports regarding disaster loans that include detailed information on:
- The status and availability of funding for such loans.
- Any changes in the estimates or assumptions regarding obligations and expenditures related to the loans.
If the required reports are not submitted, funding for official travel by the SBA Administrator would be halted until the reports are provided.
Budget Requests Relating to Disaster Loans
The bill mandates that budget requests related to disaster loans must provide:
- Separate statements detailing the cost of SBA disaster loans for the current fiscal year compared to the 10-year average.
- Explanations for any discrepancies between the requested amounts and the historical averages.
Similar requirements are enforced for administrative costs associated with COVID-related disaster loans.
Limitations on Disaster Loans
The bill specifies that if the available balance for disaster loans falls below a certain threshold (10% of the 10-year average), the SBA Administrator must notify Congress within 24 hours. During this low-funding period, the Administrator may limit the amount of funds obligated for new loans to those requiring collateral.
Reports on Disaster Loan Account
The Comptroller General of the United States is tasked with preparing a report assessing the SBA's disaster loan account, including:
- The average rate at which disaster loan funds are allocated.
- Average amounts disbursed to borrowers during critical periods following loan acceptance.
The SBA must respond to these findings within 90 days of receiving the report.
GAO Report on Changes to Disaster Loans
The bill calls for a report from the Government Accountability Office (GAO) on recent modifications to disaster loan policies. This includes assessing the costs and implications of changes made under recent regulations concerning loan amounts and eligibility criteria.
Inspector General Review
The Inspector General of the SBA will conduct a review of any funding shortfall issues, including:
- Identifying reports the SBA was supposed to deliver to Congress but failed to provide.
- Examining the reasons for any significant deviations from intended uses of the funds.
The Inspector General must report findings within 180 days of the bill's enactment.
Budget and Forecasting Report
Within 30 days of the bill's enactment, the SBA must detail corrective actions planned for improving the data quality and forecasting related to disaster loan budgets. Subsequent updates regarding the implementation of these actions are required every 90 days until all corrections have been enacted.
Sunset Provision
The provisions of the amendments made by this bill will expire four years after the date of enactment.
Definitions
The bill provides definitions for critical terms such as "SBA disaster loan" and "Administrator," providing clarity on the specific regulations covered under the new law.
Relevant Companies
None found.
Representative Tim Moore Bill Proposals
Here are some bills which have recently been proposed by Representative Tim Moore:
- H.R.4287: To enhance penalties for the use of incendiary devices, including burning the flag of the United States, in the commission of Federal offenses, and for other purposes.
- H.R.4238: To improve accountability in the disaster loan program of the Small Business Administration, and for other purposes.
- H.R.4012: National Airport Supersonic Readiness Act of 2025
- H.R.3780: Border Operations Service Medal Act
- H.R.2950: Disaster Relief Transparency Act
- H.R.2875: Mobile Mammography Promotion Act of 2025
You can track bills proposed by Representative Tim Moore on Quiver Quantitative's politician page for Moore.
Representative Tim Moore Stock Trading
We have data on up to $13.6M of trades from Representative Tim Moore, which we parsed from STOCK Act filings. Some of the largest trades include:
- A January 7th, 2025 sale of up to $500K of $HOG. The stock has fallen 16.4% since then.
- A May 2nd, 2025 sale of up to $500K of $AAL. The stock has risen 17.68% since then.
- A June 2nd, 2025 sale of up to $250K of $AAPL. The stock has risen 3.43% since then.
- A January 7th, 2025 sale of up to $250K of $F. The stock has risen 21.72% since then.
- A February 6th, 2025 sale of up to $250K of $SMCYY.
You can track Representative Tim Moore's stock trading on Quiver Quantitative's politician page for Moore.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
