To require monthly reporting regarding the Disaster Loan Program of the Small Business Administration.

1. Inserts new text on page 142, line 24

   InsertsPrinted page

   Inserted: GENERAL PROVISIONS--THIS CHAPTER

   Inserted: Disaster Loan Program Monthly Accounting Report

   Inserted: Sec. 2201. (a) In this section--

   Inserted: (1) the term "applicable period" means the period beginning on the date on which the President declares a major disaster and ending on the date that is 30 days after the later of the closing date for applications for physical disaster loans for such disaster and the closing date for applications for economic injury disaster loans for such disaster; and

   Inserted: (2) the term "major disaster" has the meaning given the term in section 102 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122).

   Inserted: (b) Not later than the fifth business day of each month during the applicable period for a major disaster, the Administrator of the Small Business Administration shall provide to the Committee on Small Business and Entrepreneurship and the Committee on Appropriations of the Senate and to the Committee on Small Business and the Committee on Appropriations of the House of Representatives a report on the operation of the disaster loan program authorized under section 7 of the Small Business Act (15 U.S.C. 636) for such disaster during the preceding month.

   Inserted: (c) Each report under subsection (b) shall include--

   Inserted: (1) the daily average lending volume, in number of loans and dollars, and the percent by which each category has increased or decreased since the previous report under subsection (b);

   Inserted: (2) the weekly average lending volume, in number of loans and dollars, and the percent by which each category has increased or decreased since the previous report under subsection (b);

   Inserted: (3) the amount of funding spent over the month for loans, both in appropriations and program level, and the percent by which each category has increased or decreased since the previous report under subsection (b);

   Inserted: (4) the amount of funding available for loans, both in appropriations and program level, and the percent by which each category has increased or decreased, noting the source of any additional funding;

   Inserted: (5) an estimate of how long the available funding for such loans will last, based on the spending rate;

   Show 4 more inserted paragraphsShow less

   Inserted: (6) the amount of funding spent over the month for staff, along with the number of staff, and the percent by which each category has increased or decreased since the previous report under subsection (b);

   Inserted: (7) the amount of funding spent over the month for administrative costs, and the percent by which such spending has increased or decreased since the previous report under subsection (b);

   Inserted: (8) the amount of funding available for salaries and expenses combined, and the percent by which such funding has increased or decreased, noting the source of any additional funding; and

   Inserted: (9) an estimate of how long the available funding for salaries and expenses will last, based on the spending rate.

   Original wording

   On page 142, after line 24, insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed