The RELIEF Act appropriates $810 million in emergency funding for the Small Business Administration's Disaster Loans Program Account in fiscal year 2025 to address a reported funding shortfall for direct disaster loans to businesses. Of this amount, $10 million goes to the Inspector General for audits and reviews, and up to $250 million can be used for administrative expenses, while the remainder supports actual loan disbursements. The bill requires the SBA Inspector General to conduct a comprehensive review within 180 days examining the causes of the funding shortfall, the accuracy of budget projections, and internal controls, then submit findings to Congress. Additionally, the SBA Administrator must submit reports to Congress within 30 days detailing improvements to forecasting and budget planning, followed by progress reports every 90 days until all corrections are fully implemented. The bill is designated as an emergency requirement, allowing it to proceed outside normal budget constraints.
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