II 

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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 That the following sums are appropriated, out of any 

4 money in the Treasury not otherwise appropriated, for the 

5 fiscal year ending September 30, 2025, namely: 


kjohnson on DSK7ZCZBW3PROD with $$_JOB
2 

•S 5341 IS

1 TITLE I 

2 SMALL BUSINESS ADMINISTRATION 

3 DISASTER LOANS PROGRAM ACCOUNT

4 (INCLUDING TRANSFERS OF FUNDS)

5 For an additional amount for ‘‘Disaster Loans Pro6 gram Account’’ for the cost of direct loans authorized by 

7 section 7(b) of the Small Business Act, $810,000,000, to 

8 remain available until expended, of which $10,000,000 

9 shall be transferred to ‘‘Office of Inspector General’’ for 

10 audits and reviews of disaster loans and the disaster loans 

11 programs; and of which $250,000,000 may be transferred 

12 to ‘‘Salaries and Expenses’’ for administrative expenses to 

13 carry out the disaster loan program authorized by section 

14 7(b) of the Small Business Act: Provided, That none of 

15 the funds provided under this heading may be used for 

16 indirect administrative expenses: Provided further, That 

17 such amount is designated by the Congress as being for 

18 an emergency requirement pursuant to section 

19 251(b)(2)(A)(i) of the Balanced Budget and Emergency 

20 Deficit Control Act of 1985. 

21 TITLE II 

22 GENERAL PROVISIONS 

23 SEC. 201. Each amount appropriated or made avail24 able by this Act is in addition to amounts otherwise appro25 priated for the fiscal year involved. 


kjohnson on DSK7ZCZBW3PROD with $$_JOB
3 

•S 5341 IS

1 SEC. 202. No part of any appropriation contained in 

2 this Act shall remain available for obligation beyond the 

3 current fiscal year unless expressly so provided herein. 

4 SEC. 203. Unless otherwise provided for by this Act, 

5 the additional amounts appropriated by this Act to appro6 priations accounts shall be available under the authorities 

7 and conditions applicable to such appropriations accounts 

8 for fiscal year 2025. 

9 SEC. 204. Each amount designated in this Act by the 

10 Congress as being for an emergency requirement pursuant 

11 to section 251(b)(2)(A)(i) of the Balanced Budget and 

12 Emergency Deficit Control Act of 1985 shall be available 

13 (or repurposed, rescinded, or transferred, if applicable) 

14 only if the President subsequently so designates all such 

15 amounts and transmits such designations to the Congress. 

16 SEC. 205. Any amount appropriated by this Act, des17 ignated by the Congress as an emergency requirement 

18 pursuant to section 251(b)(2)(A)(i) of the Balanced Budg19 et and Emergency Deficit Control Act of 1985 and subse20 quently so designated by the President, and transferred 

21 pursuant to transfer authorities provided by this Act shall 

22 retain such designation. 

23 SEC. 206. (a) In this section— 


kjohnson on DSK7ZCZBW3PROD with $$_JOB
4 

•S 5341 IS

1 (1) the terms ‘‘Administration’’ and ‘‘Adminis2 trator’’ mean the Small Business Administration 

3 and the Administrator thereof, respectively; 

4 (2) the term ‘‘appropriate committees of Con5 gress’’ means the Committee on Small Business and 

6 Entrepreneurship and the Committee on Appropria7 tions of the Senate and the Committee on Small 

8 Business and the Committee on Appropriations of 

9 the House of Representatives; 

10 (3) the term ‘‘covered amounts’’ means 

11 amounts made available for the cost of direct loans 

12 authorized by section 7(b) of the Small Business Act 

13 (15 U.S.C. 636(b)); and 

14 (4) the term ‘‘Inspector General’’ means the In15 spector General of the Administration. 

16 (b) The Inspector General shall conduct a review of 

17 the circumstances and the underlying causes surrounding 

18 the funding shortfall with respect to covered amounts, as 

19 described in the letter from President Joseph R. Biden, 

20 Jr. entitled ‘‘Letter to Congress on Disaster Needs’’, 

21 dated October 4, 2024, and the letter from the Adminis22 trator submitted to the Chairs and Ranking Members of 

23 the Committees on Appropriations of the Senate and the 

24 House of Representatives, dated October 10, 2024: ProVerDate Sep 11 2014 04:17 Nov 20, 2024 Jkt 059200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S5341.IS S5341

kjohnson on DSK7ZCZBW3PROD with $$_JOB
5 

•S 5341 IS

1 vided, That such review shall include the following with 

2 respect to such funding shortfall— 

3 (1) a comparison of monthly obligations of cov4 ered amounts against projected obligations of cov5 ered amounts; 

6 (2) an analysis of the accuracy of projections 

7 and estimates related to projected obligations of cov8 ered amounts; 

9 (3) the identification and description of any in10 ternal controls in place to manage covered amounts; 

11 (4) the identification of actions that the Admin12 istration can take to improve the accuracy of infor13 mation submitted by the President under section 

14 1105(a) of title 31, United States Code, with respect 

15 to the Administration; prevent any future funding 

16 shortfall with respect to any account of the Adminis17 tration; and improve the report submitted to the ap18 propriate committees of Congress under section 

19 12091(a) of the Small Business Disaster Response 

20 and Loan Improvements Act of 2008 (15 U.S.C. 

21 636k(a)); and 

22 (5) any other matter determined relevant by the 

23 Inspector General: 

24 Provided further, That not later than 181 days after the 

25 date of enactment of this Act, the Inspector General shall 


kjohnson on DSK7ZCZBW3PROD with $$_JOB
6 

•S 5341 IS

1 submit to the appropriate committees of Congress a report 

2 that contains the findings of such review. 

3 (c) Not later than 30 days after the date of enact4 ment of this Act, the Administrator shall submit to the 

5 appropriate committees of Congress a report detailing cor6 rections the Administration will make to improve fore7 casting, data quality, and budget assumptions relating to 

8 budget submissions relating to amounts made available for 

9 the cost of direct loans authorized by section 7(b) of the 

10 Small Business Act (15 U.S.C. 636(b)): Provided, That 

11 not later than 90 days after the date of enactment of this 

12 Act, and every 90 days thereafter until the date that is 

13 90 days after the date on which all the corrections de14 scribed in this subsection have been implemented, the Ad15 ministrator shall submit to the appropriate committees of 

16 Congress a report— 

17 (1) detailing the actions the Administration has 

18 taken to implement the corrections described in this 

19 subsection; and 

20 (2) explaining how each action detailed under 

21 paragraph (1) is directly related to implementing 

22 one or more corrections described in this subsection. 

23 This Act may be cited as the ‘‘Restoring an Economic 

24 Lifeline with Immediate Emergency Funding Act, 2025’’. 

Æ 


kjohnson on DSK7ZCZBW3PROD with $$_JOB