1. Short title This Act may be cited as the Transparent Disaster Relief Act of 2018 . 2. Duplication of benefits Section 312 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5155 ) is amended by adding at the end the following: (e) Transparency (1) Statement of acknowledgment The President shall ensure that each person receiving Federal assistance for a major disaster or emergency signs a statement, as a condition of such assistance, that acknowledges the requirements under this section relating to duplication of benefits, including an acknowledgment of the types of assistance that may result in a duplication of benefits. (2) Recoupment Not later than 90 days after the date of enactment of this subsection, the President shall ensure that any action to collect duplicative assistance from a recipient under this section includes the provision to the recipient of all documentation used to determine the relevant duplication of benefits. . 3. Notification to disaster loan recipients Section 7(b)(10) of the Small Business Act ( 15 U.S.C. 636(b)(10) ) is amended— (1) by amending the paragraph heading to read as follows: NOTIFICATION ; (2) by striking loan. and inserting loan; and ; (3) by striking the applicant may submit and inserting the applicant— (A) may submit ; and (4) by adding at the end the following: (B) is not required to accept the loan for which the applicant applied, including for any reason relating to eligibility for other Federal assistance. .