American Resilience: Examining the SBA Disaster Assistance Program

The House Committee on Small Business held a hearing titled "American Resilience: Examining the SBA Disaster Assistance Program" to review the Small Business Administration's (SBA) disaster loan programs. The discussion focused on the SBA's role in providing low-interest loans to homeowners, renters, and businesses after disasters, coordination with FEMA, and challenges faced including a 68-day funding lapse that delayed loan disbursements. Members expressed concerns about past mismanagement, fraud during the COVID-19 pandemic, and the need for improved forecasting, transparency, and fraud prevention. Associate Administrator Chris Stallings highlighted efforts to enhance funding forecasting, streamline loan processing, increase field presence with mobile recovery vehicles, and restore trust through human-centered service. The hearing also addressed the impact of political considerations on disaster aid, the importance of supporting rural and multilingual communities, and the need for continued oversight and adequate funding to meet increasing disaster demands.