Assess moving disaster loans to another agency or the private sector
What the document says“Work with Congress to assess the extent to which disaster loans should be offered by another agency rather than the SBA and explore private-sector channels for administering the loans.”
The chapter cites the agency's difficulties administering the program, fraud and abuse in the pandemic disaster loan program, and the inspector general's concern that systemic problems in the lending program undermine the agency's work.
What the document actually says“Work with Congress to assess the extent to which disaster loans should be offered by another agency rather than the SBA and explore private-sector channels for administering the loans.”
Ask if another agency should make these loans. Ask if banks should too.
After a disaster, this agency lends money to rebuild. The book says it has run that badly. It says another body might do it better.
No action is recorded against this proposal. That is not evidence that none has been taken. See what the tracker does not yet cover.