H.R. 5835 (112th): Veterans Access to Capital Act of 2012

Introduced:
May 18, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Leonard Boswell [D-IA3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on May 18, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced May 18, 2012
Referred to Committee May 18, 2012
Cosponsors
1 cosponsors (1D) (show)
Committees

House Small Business

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Small Business Act and the Small Business Investment Act of 1958 to provide for additional loan programs for veteran-owned small businesses, and for other purposes.

Summary

No summaries available.

Text

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Last updated May 18, 2012.
7 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

5/18/2012--Introduced.
Veterans Access to Capital Act of 2012 - Amends the Small Business Investment Act of 1958 to authorize the Administrator of the Small Business Administration (SBA), using up to 20% of annual amounts available for SBA loans to state and local development companies, to make loans directly to small businesses owned and controlled by veterans to be used on projects having a sound business purpose.
Provides loan limits and requires partial project funding by such small business.
Amends the Small Business Act to authorize the Administrator to make up to 20% of the annual amounts available for SBA section 7(a) general small business loans available for loans to veteran-owned small businesses.
Directs the Administrator, for purposes of loans or loan guarantees to veteran- or disabled veteran-owned small businesses, to reduce any applicable requirement relating to the veteran's credit score, as long as the veteran has complied with other conditions that the Administrator may require.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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