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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 5341 Introduced in Senate (IS)]

<DOC>

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''.
                                 <all>
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