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House Small Business Committee grills SBA on October 2024 disaster‑fund lapse and steps to prevent future gaps
Summary
Committee members questioned SBA associate administrator Chris Stallings about the October 2024 funding lapse that halted disaster loan approvals for 68 days, and pressed the agency on new forecasting, monthly reporting, and operational changes intended to prevent another interruption.
The House Committee on Small Business examined the Small Business Administration’s disaster lending program on Jan. 15, 2026, focusing on an October 2024 funding lapse that temporarily paused new disaster loans.
Members opened the hearing by flagging the human consequences of delayed aid. In his opening remarks the chair said the funding lapse lasted 68 days and “caused an unnecessary delay in dispersing disaster loans,” a disruption lawmakers said left survivors waiting for critical recovery funds.
Chris Stallings, the SBA’s associate administrator for the Office of Disaster…
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