,,ii  #aaith ,,congress  #ast ,session  
,s4 #cacf  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,november #f1  
#bjbe,mrs4 ,shaheen 7for herself and    
,mr4 ,markey7 introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,small ,business   
and ,entrepreneurship  ,a ,,bill  ,to   
waive the guarantee fee for certain     
business loans made to veterans and     
spouses of veterans4  #a4 ,short title  
,this ,act may be cited as the ,heroes  
,business ,opportunity ,act of #bjbe4   
#b4 ,waiver of guarantee fee for certain
 business loans made to veterans and    
spouses of veterans ,section #g7;a7 of  
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcf7;a77 is amended-- 7#a7 in         
paragraph 7#ah7-- 7,a7 in subparagraph  
7,a71 in the matter preceding clause    
7i71 by striking ,with respect and      
inserting ,except as provided in        
subparagraph 7,c71 with respect2 and    
7,b7 by adding at the end the following3
  7,c7 ,exception  7i7 ,in general      

,notwithstanding subparagraph 7,a71 the 
,administration may not collect a       
guarantee fee under subparagraph 7,a7   
with respect to a loan guaranteed under 
this subsection if-- 7,i7 the loan is   
not made under paragraph 7#cf7 or 7#cg72
  7,,ii7 the loan is made to a small    
business concern owned by veteran or    
spouse of a veteran2 and  7,,iii7 the   
deferred participation share of the     
total loan amount is not more than      
#a1jjj1jjj4  7ii7 ,definition ,in this  
subparagraph1 the term veteran or spouse
 of a veteran means-- 7,i7 a veteran2   
7,,ii7 an individual who is eligible to 
participate in the ,transition          
,assistance ,program established under  
section #aadd of title #aj1 ,united     
,states ,code2  7,,iii7 a member of a   
reserve component of the ,armed ,forces 
named in section #ajaja of title #aj1   
,united ,states ,code2  7,,iv7 the      
spouse of an individual described in    
subclause 7,i71 7,,ii71 or 7,,iii72 or  
7,v7 the surviving spouse 7as defined in

 section #aja of title #ch1 ,united     
,states ,code7 of an individual         
described in subclause 7,i71 7,,ii71 or 
7,,iii7 who died while serving on active
 duty or as a result of a disability    
that is service-connected 7as defined in
 such section74  2 and  7#b7 in         
paragraph 7#ca7-- 7,a7 by striking      
subparagraph 7,g72 and  7,b7 by         
redesignating subparagraph 7,h7 as      
subparagraph 7,g74