15 U.S. Code § 636k - Reports on disaster assistance
(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 submit 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
636 of this title for that major disaster during the preceding month.
(2)
Contents
Each report submitted 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);
(b)
Weekly disaster updates to Congress for presidentially declared disasters
(1)
In general
Each week during a disaster update period, the Administration shall submit 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 submitted 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;
(c)
Periods when additional disaster assistance is made available
(1)
In general
During any period for which the Administrator declares eligibility for additional disaster assistance under paragraph (9) of section
636
(b) of this title, as amended by this Act, the Administrator shall, on a monthly basis, submit 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 disaster assistance operations of the Administration with respect to the applicable major disaster.
(d)
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 the Committee on Small Business of the House of Representatives regarding the need for supplemental funds for that loan program.
(e)
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.
(f)
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—
(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);
Source
(Pub. L. 110–234, title XII, § 12091,May 22, 2008, 122 Stat. 1423; Pub. L. 110–246, § 4(a), title XII, § 12091,June 18, 2008, 122 Stat. 1664, 2185.)
References in Text
Section
636
(b) of this title, as amended by this Act, referred to in subsec. (c)(1), is section
636
(b) of this title, as amended by Pub. L. 110–246.
The date of enactment of this Act, referred to in subsec. (f)(1), is the date of enactment of Pub. L. 110–246, which was approved June 18, 2008.
Codification
Pub. L. 110–234and Pub. L. 110–246enacted identical sections. Pub. L. 110–234was repealed by section 4(a) ofPub. L. 110–246.
Section is comprised of section 12091 ofPub. L. 110–246. Subsec. (g) ofsection
12091 of Pub. L. 110–246enacted section
657o of this title.
Section was enacted as part of the Food, Conservation, and Energy Act of 2008, and also as part of the Small Business Disaster Response and Loan Improvements Act of 2008, and not as part of the Small Business Act which comprises this chapter.
Effective Date
Enactment of this section and repeal of Pub. L. 110–234by Pub. L. 110–246effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 ofPub. L. 110–246, set out as a note under section
8701 of Title
7, Agriculture.
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