Bills · HR 4238
PASSED HOUSE· 119TH CONGRESS
House BillHR 4238Disaster relief and insuranceGovernment studies and investigations
DLARA
INTRO JUN 27· LAST ACTION JUN 24
READING
8MIN
COSPONSORS
19
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 4 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it aims to make a crucial government program, the SBA's disaster loan program, more transparent and stable. When disasters strike, small businesses and homeowners rely on these loans for recovery, and delays or funding shortfalls can be devastating. This bill tries to prevent such issues by requiring earlier warnings about dwindling funds and more detailed budget planning, which could lead to faster congressional action to replenish funds when needed.
If this bill becomes law, it means that the SBA would have stricter reporting obligations, providing Congress and the public with a clearer understanding of the financial health of the disaster loan program. This increased oversight could help avoid situations where the program unexpectedly runs out of money, potentially speeding up aid to disaster-stricken communities. If it doesn't become law, the current reporting structure, which some find insufficient, would remain, potentially leading to less predictability and slower responses to funding needs during future disasters.
KEY PROVISIONS
5AI-extractedPROVISION 01
Requires the SBA Administrator to submit detailed monthly reports on disaster loan funding, including specific dates for when funds will reach 10% of appropriation and when they will be depleted.
This provides earlier warning signs about potential funding shortfalls, allowing Congress to act proactively.
PROVISION 02
Imposes a penalty on the SBA Administrator, prohibiting official travel funds if monthly disaster loan reports are not submitted on time.
This creates a direct incentive for timely and accurate reporting from the top leadership of the SBA.
PROVISION 03
Mandates that the President's annual budget request include separate, detailed statements on the cost and administrative costs for both SBA disaster loans and COVID-EIDL loans, comparing them to 10-year averages.
This enhances financial transparency and allows for better long-term planning and comparison of disaster loan expenditures.
PROVISION 04
Requires the SBA Administrator to notify Congress within 24 hours if available disaster loan funding drops below 10% of the 10-year average annual cost.
This ensures Congress is immediately alerted to critical funding shortages, enabling prompt legislative responses.
PROVISION 05
Authorizes the Administrator to limit new direct disaster loans to amounts for which collateral is required when funding is low, and requires disbursement within 14 days once new funds are appropriated.
This provides a mechanism to manage limited funds responsibly while ensuring a quick restart of full lending once new appropriations are made.
SPONSORSHIP
1 + 19
R· North Carolina
YRS IN OFFICE
1
BILLS LED
32
COSPONSOR BREAKDOWNBIPARTISAN · 21%
DEM 2 REP 17 IND 0
ACTION TIMELINE
16 EVENTSJUN 24
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 448.
JUN 23
Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
JUN 23
Considered under suspension of the rules. (consideration: CR H4143-4145)
JUN 23
DEBATE - The House proceeded with forty minutes of debate on H.R. 4238.
BILL INFO
TypeHouse Bill
NumberHR 4238
Congress119th
StatusPassed House
IntroducedJun 27, 2025
Last actionJun 24, 2026
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PASSED HOUSE· 119TH CONGRESS · SMALL BUSINESS COMMITTEE · INTRODUCED JUN 27, 2025
House BillHR 4238Disaster relief and insuranceGovernment studies and investigations
DLARA
INTRODUCED JUN 27, 2025· LAST ACTION JUN 24, 2026
PASSAGE CHANCES
—%
READING
8 min
COSPONSORS
19
COMPLEXITY
Moderate
