Tillis, Budd disaster loan reform bill advances with bipartisan support

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Tillis, Budd disaster loan reform bill advances with bipartisan support

On Thursday evening, the US Senate Small Business & Entrepreneurship Committee advanced The Disaster Loan Accountability and Reform Act with bipartisan support to the Senate floor for consideration. US Sens. Thom Tillis and Tedd Budd, representing North Carolina, introduced the legislation in October. Bill sponsors say the legislation bolsters oversight, strengthens financial protections, and increases transparency in the Small Business Administ…