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Read. Follow. Verify.Congressional Hearing: Oversight of the SBA Disaster Loan Program
Record date · January 1, 2015
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What This Bill Does
The House Committee on Small Business held a hearing on July 8, 2015, to review the effectiveness and management of the Small Business Administration's (SBA) disaster loan program. The session included testimony from government officials and representatives regarding the program's performance and .
This hearing examines how the federal government manages financial assistance for small businesses following natural disasters, which directly impacts the speed and availability of recovery funds for affected business owners.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Small business owners
These individuals rely on the SBA disaster loan program for financial recovery following natural disasters.
Small Business Administration
The agency is subject to congressional oversight regarding its management of disaster loan funds.
Key Facts
- The hearing took place on July 8, 2015, in Room 2360 of the Rayburn House Office Building.
- The committee focused on oversight of the SBA's disaster loan program.
- Congressman Trent Kelly was formally introduced as a new member of the Small Business Committee.
- Witnesses included representatives from the GAO and the SBA's Office of Disaster Assistance.
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- The committee record includes supplemental materials regarding the impact of loans on grant money for Hurricane Sandy victims.
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News Coverage
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Discoveries
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Hurricane Sandy Impact
The committee record explicitly links the SBA loan program to complications regarding grant money for Hurricane Sandy victims.
Connected Entities
Sources
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Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz5Current news / social attention level
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