H.R. 2499 — Reported in House

IB Union Calendar No. 139 114th CONGRESS 1st Session H. R. 2499 [Report No. 114–187] IN THE HOUSE OF REPRESENTATIVES May 21, 2015 Mr. Chabot (for himself, Mr. Hanna, Mr. Bost, Mr. Rice of South Carolina, Mr. Knight, Mr. Gibson, and Mr. Curbelo of Florida) introduced the following bill; which was referred to the Committee on Small Business June 25, 2015 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on May 21, 2015 A BILL To amend the Small Business Act to increase access to capital for veteran entrepreneurs, to help create jobs, and for other purposes. 1. Short title This Act may be cited as the Veterans Entrepreneurship Act of 2015. 2. Permanent SBA express loan guarantee fee waiver for veterans Section 7(a)(31) of the Small Business Act (15 U.S.C. 636(a)(31)) is amended by adding at the end the following: (G) Guarantee fee waiver for veterans (i) Guarantee fee waiver The Administrator may not collect a guarantee fee described in paragraph (18) in connection with a loan made under this paragraph to a veteran or spouse of a veteran on or after October 1, 2015. (ii) Exception If the President’s budget for the upcoming fiscal year, submitted to Congress pursuant to section 1105(a) of title 31, United States Code, includes a cost for the program established under this subsection that is above zero, the requirements of clause (i) shall not apply to loans made during such upcoming fiscal year. (iii) Definition In this subparagraph, the term veteran or spouse of a veteran means— (I) a veteran, as defined in section 3(q)(4); (II) an individual who is eligible to participate in the Transition Assistance Program established under section 1144 of title 10, United States Code; (III) a member of a reserve component of the Armed Forces named in section 10101 of title 10, United States Code; (IV) the spouse of an individual described in subclause (I), (II), or (III); or (V) the surviving spouse (as defined in section 101 of title 38, United States Code) of an individual described in subclause (I), (II), or (III) who died while serving on active duty or as a result of a disability that is service-connected (as defined in such section). . 3. Report on accessibility and outreach to female veterans by the Small Business Administration Not later than 180 days after the date of enactment of this Act, the Administrator shall submit to Congress a report assessing the level of outreach to and consultation with female veterans regarding access to capital by women's business centers (as described in section 29 of the Small Business Act (15 U.S.C. 656)) and Veterans Business Outreach Centers (as referred to in section 32 of such Act (15 U.S.C. 657b)). June 25, 2015 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed