H.R. 4671 (103rd): To amend title 38, United States Code, to provide direct loans and set asides for disabled veterans.

103rd Congress, 1993–1994. Text as of Jun 28, 1994 (Introduced).

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HR 4671 IH

103d CONGRESS

2d Session

H. R. 4671

To amend title 38, United States Code, to provide direct loans and set-asides for disabled veterans.

IN THE HOUSE OF REPRESENTATIVES

June 28, 1994

Mr. SANGMEISTER ( by request) introduced the following bill; which was referred to the Committee on Veterans’ Affairs


A BILL

To amend title 38, United States Code, to provide direct loans and set-asides for disabled veterans.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) chapter 37 of title 38, United States Code, is amended by adding at the end the following new subchapter:

‘Subchapter VI--Direct Loans to Qualified Disabled Veterans

‘Sec. 3781. Establishment of program

    ‘(a) The Secretary, under such regulations as the Secretary shall prescribe, shall establish a program to make loans to qualified disabled veterans to aid such veterans in establishing their own businesses.

    ‘(b) Under the program established pursuant to subsection (a), the Secretary shall operate a set-aside program for disabled veteran owned businesses. For the purposes of this subsection, the program shall have authority substantially equivalent to the authority vested in the Administrator of the Small Business Administration by section 8(a) of the Small Business Act (15 U.S.C. 637(a)), and the Secretary may enter into, and arrange the performance of, contracts in the same manner as such contracts are entered into and arranged under such section 8(a).

    ‘(c) Requirements that apply to Federal departments and agencies in the letting of contracts under section 8(a) of the Small Business Act shall also apply to such departments and agencies in the letting of contracts under this subchapter.’.

    (b) CONFORMING AMENDMENT- The table of sections at the beginning of chapter 37 of title 38, United States Code, is amended by adding at the end the following:

‘SUBCHAPTER VI--DIRECT LOANS TO QUALIFIED DISABLED VETERANS

      ‘Sec.

      ‘3781. Establishment of program.’.