[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 5341 Introduced in Senate (IS)]
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118th CONGRESS
2d Session
S. 5341
Making supplemental appropriations for small business disaster relief
for the fiscal year ending September 30, 2025.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
November 18, 2024
Mr. Tillis (for himself, Mrs. Murray, Ms. Collins, Mr. Budd, Mr.
Cassidy, Mr. Warner, Mr. Heinrich, Mr. Scott of South Carolina, and Ms.
Ernst) introduced the following bill; which was read twice and referred
to the Committee on Small Business and Entrepreneurship
_______________________________________________________________________
A BILL
Making supplemental appropriations for small business disaster relief
for the fiscal year ending September 30, 2025.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, That the following sums
are appropriated, out of any money in the Treasury not otherwise
appropriated, for the fiscal year ending September 30, 2025, namely:
TITLE I
SMALL BUSINESS ADMINISTRATION
disaster loans program account
(including transfers of funds)
For an additional amount for ``Disaster Loans Program Account'' for
the cost of direct loans authorized by section 7(b) of the Small
Business Act, $810,000,000, to remain available until expended, of
which $10,000,000 shall be transferred to ``Office of Inspector
General'' for audits and reviews of disaster loans and the disaster
loans programs; and of which $250,000,000 may be transferred to
``Salaries and Expenses'' for administrative expenses to carry out the
disaster loan program authorized by section 7(b) of the Small Business
Act: Provided, That none of the funds provided under this heading may
be used for indirect administrative expenses: Provided further, That
such amount is designated by the Congress as being for an emergency
requirement pursuant to section 251(b)(2)(A)(i) of the Balanced Budget
and Emergency Deficit Control Act of 1985.
TITLE II
GENERAL PROVISIONS
Sec. 201. Each amount appropriated or made available by this Act
is in addition to amounts otherwise appropriated for the fiscal year
involved.
Sec. 202. No part of any appropriation contained in this Act shall
remain available for obligation beyond the current fiscal year unless
expressly so provided herein.
Sec. 203. Unless otherwise provided for by this Act, the
additional amounts appropriated by this Act to appropriations accounts
shall be available under the authorities and conditions applicable to
such appropriations accounts for fiscal year 2025.
Sec. 204. Each amount designated in this Act by the Congress as
being for an emergency requirement pursuant to section 251(b)(2)(A)(i)
of the Balanced Budget and Emergency Deficit Control Act of 1985 shall
be available (or repurposed, rescinded, or transferred, if applicable)
only if the President subsequently so designates all such amounts and
transmits such designations to the Congress.
Sec. 205. Any amount appropriated by this Act, designated by the
Congress as an emergency requirement pursuant to section
251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control
Act of 1985 and subsequently so designated by the President, and
transferred pursuant to transfer authorities provided by this Act shall
retain such designation.
Sec. 206. (a) In this section--
(1) the terms ``Administration'' and ``Administrator'' mean
the Small Business Administration and the Administrator
thereof, respectively;
(2) the term ``appropriate committees of Congress'' means
the Committee on Small Business and Entrepreneurship and the
Committee on Appropriations of the Senate and the Committee on
Small Business and the Committee on Appropriations of the House
of Representatives;
(3) the term ``covered amounts'' means amounts made
available for the cost of direct loans authorized by section
7(b) of the Small Business Act (15 U.S.C. 636(b)); and
(4) the term ``Inspector General'' means the Inspector
General of the Administration.
(b) The Inspector General shall conduct a review of the
circumstances and the underlying causes surrounding the funding
shortfall with respect to covered amounts, as described in the letter
from President Joseph R. Biden, Jr. entitled ``Letter to Congress on
Disaster Needs'', dated October 4, 2024, and the letter from the
Administrator submitted to the Chairs and Ranking Members of the
Committees on Appropriations of the Senate and the House of
Representatives, dated October 10, 2024: Provided, That such review
shall include the following with respect to such funding shortfall--
(1) a comparison of monthly obligations of covered amounts
against projected obligations of covered amounts;
(2) an analysis of the accuracy of projections and
estimates related to projected obligations of covered amounts;
(3) the identification and description of any internal
controls in place to manage covered amounts;
(4) the identification of actions that the Administration
can take to improve the accuracy of information submitted by
the President under section 1105(a) of title 31, United States
Code, with respect to the Administration; prevent any future
funding shortfall with respect to any account of the
Administration; and improve the report submitted to the
appropriate committees of Congress under section 12091(a) of
the Small Business Disaster Response and Loan Improvements Act
of 2008 (15 U.S.C. 636k(a)); and
(5) any other matter determined relevant by the Inspector
General:
Provided further, That not later than 181 days after the date of
enactment of this Act, the Inspector General shall submit to the
appropriate committees of Congress a report that contains the findings
of such review.
(c) Not later than 30 days after the date of enactment of this Act,
the Administrator shall submit to the appropriate committees of
Congress a report detailing corrections the Administration will make to
improve forecasting, data quality, and budget assumptions relating to
budget submissions relating to amounts made available for the cost of
direct loans authorized by section 7(b) of the Small Business Act (15
U.S.C. 636(b)): Provided, That not later than 90 days after the date
of enactment of this Act, and every 90 days thereafter until the date
that is 90 days after the date on which all the corrections described
in this subsection have been implemented, the Administrator shall
submit to the appropriate committees of Congress a report--
(1) detailing the actions the Administration has taken to
implement the corrections described in this subsection; and
(2) explaining how each action detailed under paragraph (1)
is directly related to implementing one or more corrections
described in this subsection.
This Act may be cited as the ``Restoring an Economic Lifeline with
Immediate Emergency Funding Act, 2025''.
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