AI-assisted analysis based on the official CRS summary. Source version: Jul 29, 2026. Analysis updated: Sep 15, 2026.
01 — The Text
What.
- Requires the SBA to submit monthly reports on disaster loan program operations, including estimates of when available funding will reach 10% and full depletion of appropriations
- Mandates the President's annual budget include separate appropriations statements for SBA disaster loans and COVID-19 EIDL with explanations for requested amounts versus 10-year average costs
- Requires the SBA to notify Congress when disaster loan balances fall below 10% of the 10-year average annual cost from the most recent budget
- Directs GAO to report on disaster loan disbursement and costs of specified SBA rules modifying the loan program
- Requires the SBA to report on actions to improve forecasting, data quality, and budget assumptions for disaster loan costs
02 — The Stakes
So what?
- Monthly reporting requirement represents an increase from current SBA reporting only during applicable disaster periods
- Withholding of SBA Administrator travel appropriations is contingent on timely monthly report submission
- The bill establishes new transparency mechanisms but does not specify enforcement mechanisms beyond the travel appropriations restriction
- Effects on loan program operation, approval times, or funding levels are not documented in the official summary
03 — The Path
Now what?
- House passed the bill by voice vote on June 23, 2026 under suspension of rules
- Senate received the bill June 24, 2026 and placed it on the Legislative Calendar (Calendar No. 448)
- No scheduled Senate committee hearings or floor votes are documented
Legislative History
Actions.
- Jun 24, 2026 — Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 448.
- Jun 23, 2026 — Motion to reconsider laid on the table Agreed to without objection.
- Jun 23, 2026 — On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4143-4144)
- Jun 23, 2026 — Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Jun 23, 2026 — DEBATE - The House proceeded with forty minutes of debate on H.R. 4238.
- Jun 23, 2026 — Considered under suspension of the rules. (consideration: CR H4143-4145)
- Jun 23, 2026 — Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
- Jun 11, 2026 — Placed on the Union Calendar, Calendar No. 603.