About the bill
The Veterans Entrepreneurship Act would waive the upfront guarantee fee required for a Small Business Administration express loan for veterans or their spouses. Normally this fee is required from the borrower and scales increasingly with the size of the loan. The bill would remove any obligation for a veteran or their spouse to pay this fee. The bill was referred to the House Committee on Small Business, which released this press release upon the introduction of the bill in late May. The committee chairman, Rep. Steve Chabot (R-OH1), is the sponsor of the bill. It was passed in the House by an almost unanimous vote of 410-1. The bill has moved on to the Senate.
Sponsor and status
Steve Chabot
Sponsor. Representative for Ohio's 1st congressional district. Republican.
114th Congress (2015–2017)
Enacted — Signed by the President on Jul 28, 2015
This bill was enacted after being signed by the President on July 28, 2015.
6 Cosponsors (6 Republicans)
Position statements
What legislators are saying
“Chairman Chabot Lays out Vision for Small Business Committee in 2016”
—
Rep. Steve Chabot [R-OH1, 2011-2022]
(Sponsor)
on Jan 8, 2016
“Video: Congressman Urges Support for Veteran Entrepreneurs”
—
Rep. Tom Rice [R-SC7, 2013-2022]
(Co-sponsor)
on Jun 10, 2015
“Rep. Chu Statement on Authorization Increase of Critical Small Business Loan Program”
—
Rep. Judy Chu [D-CA28]
on Jul 27, 2015
Incorporated legislation
This bill incorporates provisions from:
H.R. 3191: To amend the Consolidated and Further Continuing Appropriations Act, 2015 with respect to funding available for fiscal year 2015 for certain general business loans authorized under the Small Business Act, …
Introduced on Jul 23, 2015. 97% incorporated. (compare text)
History
H.R. 2499 (114th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 2499. This is the one from the 114th Congress.
This bill was introduced in the 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not passed by the end of a Congress is cleared from the books.
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