Definition: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Small Business Disaster Loan
Reporting Act of 2007''.

SEC. 2. DEFINITIONS.

In this Act--
(1) the terms ''Administration'' and ''Administrator'' mean
the Small Business Administration and the Administrator
thereof, respectively;
(2) 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 that disaster and the closing date for applications
for economic injury disaster loans for that disaster;
(3) the term ''disaster loan program of the
Administration'' means assistance under section 7(b) of the
Small Business Act (15 U.S.C. 636(b));
(4) the term ''disaster update period'' means the period
beginning on the date on which the President declares a major
disaster and ending on the date on which that declaration
terminates;
(5) the term ''major disaster'' has the meaning given that
term in section 102 of the Robert T. Stafford Disaster Relief
and Emergency Assistance Act (42 U.S.C. 5122);
(6) the term ''small business concern'' has the meaning
given that term in section 3 of the Small Business Act (15
U.S.C. 632); and
(7) the term ''State'' means any State of the United
States, the District of Columbia, the Commonwealth of Puerto
Rico, the Northern Mariana Islands, the Virgin Islands, Guam,
American Samoa, and any territory or possession of the United
States.

SEC. 3. DEVELOPMENT AND IMPLEMENTATION OF MAJOR DISASTER RESPONSE PLAN.

(a) In General.--Not later than May 1, 2007, the Administrator
shall--
(1) by rule, amend the 2006 Atlantic hurricane season
disaster response plan of the Administration (in this section
referred to as the ''disaster response plan'') to apply to
major disasters; and
(2) submit a report to the Committee on Small Business and
Entrepreneurship of the Senate and the Committee on Small
Business of the House of Representatives detailing the
amendments to the disaster response plan.
(b) Contents.--The amended report required under subsection (a)(2)
shall include--
(1) any updates or modifications made to the disaster
response plan since the report regarding the disaster response
plan submitted on July 14, 2006;
(2) a description of how the Administrator plans to utilize
and integrate District Office personnel of the Administration
in the response to a major disaster, including information on
the utilization of personnel for loan processing and loan
disbursement;
(3) a description of the disaster scalability model of the
Administration and on what basis or function the plan is
scaled;
(4) a description of how the agency-wide Disaster Oversight
Council is structured, which offices comprise its membership,
and whether the Associate Deputy Administrator for
Entrepreneurial Development of the Administration is a member;
(5) a description of how the Administrator plans to
coordinate the disaster efforts of the Administration with
State and local government officials, including recommendations
on how to better incorporate State initiatives or programs,
such as State-administered bridge loan programs, into the
disaster response of the Administration;
(6) recommendations, if any, on how the Administrator can
better coordinate its disaster response operations with the
operations of other Federal, State, and local entities;
(7) any surge plan for the disaster loan program of the
Administration in effect on or after August 29, 2005 (including
surge plans for loss verification, loan processing, mailroom,
customer service or call center operations, and a continuity of
operations plan);
(8) the number of full-time equivalent employees and job
descriptions for the planning and disaster response staff of
the Administration;
(9) the in-service and preservice training procedures for
disaster response staff of the Administration;
(10) information on the logistical support plans of the
Administration (including equipment and staffing needs, and
detailed information on how such plans will be scalable
depending on the size and scope of the major disaster;
(11) a description of the findings and recommendations of
the Administrator, if any, based on a review of the response of
the Administration to Hurricane Katrina of 2005, Hurricane Rita
of 2005, and Hurricane Wilma of 2005; and
(12) a plan for how the Administrator, in cooperation with
the Administrator of the Federal Emergency Management Agency,
will coordinate the provision of accommodations and necessary
resources for disaster assistance personnel to effectively
perform their responsibilities in the aftermath of a major
disaster.
(c) Exercises.--Not later than May 31, 2007, the Administrator
shall develop and execute simulation exercises to demonstrate the
effectiveness of the amended disaster response plan required under this
section.

SEC. 4. CONGRESSIONAL OVERSIGHT.

(a) Monthly Accounting Report to Congress.--
(1) Reporting requirements.--Not later than the fifth
business day of each month during the applicable period for a
major disaster, the Administrator 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 that major disaster during the
preceding month.
(2) Contents.--Each report under paragraph (1) shall
include--
(A) 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 paragraph (1);
(B) 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 paragraph (1);
(C) 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 paragraph
(1);
(D) the amount of funding available for loans, both
in appropriations and program level, and the percent by
which each category has increased or decreased since
the previous report under paragraph (1), noting the
source of any additional funding;
(E) an estimate of how long the available funding
for such loans will last, based on the spending rate;
(F) 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 paragraph (1);
(G) 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 paragraph (1);
(H) the amount of funding available for salaries
and expenses combined, and the percent by which such
funding has increased or decreased since the previous
report under paragraph (1), noting the source of any
additional funding; and
(I) an estimate of how long the available funding
for salaries and expenses will last, based on the
spending rate.
(b) Daily Disaster Updates to Congress for Presidentially Declared
Disasters.--
(1) In general.--Each day during a disaster update period,
excluding Federal holidays and weekends, the Administration
shall provide to the Committee on Small Business and
Entrepreneurship of the Senate and to the Committee on Small
Business of the House of Representatives a report on the
operation of the disaster loan program of the Administration
for the area in which the President declared a major disaster.
(2) Contents.--Each report under paragraph (1) shall
include--
(A) the number of Administration staff performing
loan processing, field inspection, and other duties for
the declared disaster, and the allocations of such
staff in the disaster field offices, disaster recovery
centers, workshops, and other Administration offices
nationwide;
(B) the daily number of applications received from
applicants in the relevant area, as well as a breakdown
of such figures by State;
(C) the daily number of applications pending
application entry from applicants in the relevant area,
as well as a breakdown of such figures by State;
(D) the daily number of applications withdrawn by
applicants in the relevant area, as well as a breakdown
of such figures by State;
(E) the daily number of applications summarily
declined by the Administration from applicants in the
relevant area, as well as a breakdown of such figures
by State;
(F) the daily number of applications declined by
the Administration from applicants in the relevant
area, as well as a breakdown of such figures by State;
(G) the daily number of applications in process
from applicants in the relevant area, as well as a
breakdown of such figures by State;
(H) the daily number of applications approved by
the Administration from applicants in the relevant
area, as well as a breakdown of such figures by State;
(I) the daily dollar amount of applications
approved by the Administration from applicants in the
relevant area, as well as a breakdown of such figures
by State;
(J) the daily amount of loans dispersed, both
partially and fully, by the Administration to
applicants in the relevant area, as well as a breakdown
of such figures by State;
(K) the daily dollar amount of loans disbursed,
both partially and fully, from the relevant area, as
well as a breakdown of such figures by State;
(L) the number of applications approved, including
dollar amount approved, as well as applications
partially and fully disbursed, including dollar
amounts, since the last report under paragraph (1); and
(M) the declaration date, physical damage closing
date, economic injury closing date, and number of
counties included in the declaration of a major
disaster.
(c) Notice of the Need for Supplemental Funds.--On the same date
that the Administrator notifies any committee of the Senate or the
House of Representatives that supplemental funding is necessary for the
disaster loan program of the Administration in any fiscal year, the
Administrator shall notify in writing the Committee on Small Business
and Entrepreneurship of the Senate and to the Committee on Small
Business of the House of Representatives regarding the need for
supplemental funds for that loan program.
(d) Report on Contracting.--
(1) In general.--Not later than 6 months after the date on
which the President declares a major disaster, and every 6
months thereafter until the date that is 18 months after the
date on which the major disaster was declared, the
Administrator shall submit a report to the Committee on Small
Business and Entrepreneurship of the Senate and to the
Committee on Small Business of the House of Representatives
regarding Federal contracts awarded as a result of that major
disaster.
(2) Contents.--Each report submitted under paragraph (1)
shall include--
(A) the total number of contracts awarded as a
result of that major disaster;
(B) the total number of contracts awarded to small
business concerns as a result of that major disaster;
(C) the total number of contracts awarded to women
and minority-owned businesses as a result of that major
disaster; and
(D) the total number of contracts awarded to local
businesses as a result of that major disaster.
(e) Report on Loan Approval Rate.--
(1) In general.--Not later than 6 months after the date of
enactment of this Act, the Administrator shall submit a report
to the Committee on Small Business and Entrepreneurship of the
Senate and the Committee on Small Business of the House of
Representatives detailing how the Administration can improve
the processing of applications under the disaster loan program
of the Administration.
(2) Contents.--The report submitted under paragraph (1)
shall include--
(A) recommendations, if any, regarding--
(i) staffing levels during a major
disaster;
(ii) how to improve the process for
processing, approving, and disbursing loans
under the disaster loan program of the
Administration, to ensure that the maximum
assistance is provided to victims in a timely
manner;
(iii) the viability of using alternative
methods for assessing the ability of an
applicant to repay a loan, including the credit
score of the applicant on the day before the
date on which the disaster for which the
applicant is seeking assistance was declared;
(iv) methods, if any, for the
Administration to expedite loss verification
and loan processing of disaster loans during a
major disaster for businesses affected by, and
located in the area for which the President
declared, the major disaster that are a major
source of employment in the area or are vital
to recovery efforts in the region (including
providing debris removal services, manufactured
housing, or building materials);
(v) legislative changes, if any, needed to
implement findings from the Administration's
Accelerated Disaster Response Initiative; and
(vi) a description of how the
Administration plans to integrate and
coordinate the response to a major disaster
with the technical assistance programs of the
Administration; and
(B) the plans of the Administrator for implementing
any recommendation made under subparagraph (A).
Output:
Small Business Disaster Loan Reporting Act of 2007 - Directs the Administrator of the Small Business Administration (SBA) to: (1) amend the 2006 hurricane season disaster response plan to apply to major disasters; (2) report monthly to the congressional small business committees on the operation of the SBA disaster loan program; (3) provide daily updates during presidentially declared disaster periods; (4) provide reports regarding federal contracts awarded as a result of a major disaster; and (5) report on how the SBA can improve the processing of applications under the disaster loan program.