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Public Law114th CongressCommerce
H.R. 2499Became Law

Veterans Entrepreneurship Act of 2015

This bill became law

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What it doesSummary public law (Jul 28, 2015)

(This measure has not been amended since it was passed by the Senate on July 23, 2015. The summary of that version is repeated here.)

Veterans Entrepreneurship Act of 2015

(Sec. 2) Amends the Small Business Act to prohibit the Small Business Administration (SBA) from collecting a guarantee fee in connection with a loan made under the SBA Express Program to a veteran or the spouse of a veteran on or after October 1, 2015, except during any upcoming fiscal year for which the President's budget, submitted to Congress, includes a cost for the Program that is above zero.

(Sec. 3) Requires the SBA to assess for Congress the level of outreach to and consultation with female veterans regarding access to capital by women's business centers and Veterans Business Outreach Centers.

(Sec. 4) Amends the Consolidated and Further Continuing Appropriations Act, 2015 to increase the limit from $18.75 billion to $23.5 billion for FY2015 commitments for general business loans for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans.

Amends the Small Business Act to prohibit the SBA, starting October 1, 2015, from guaranteeing a loan if:

  • the lender determines that the borrower is unable to obtain credit elsewhere solely because the lender's liquidity depends upon the guaranteed portion of the loan being sold on the secondary market, or
  • the sole purpose for requesting the guarantee is to allow the lender to exceed its legal lending limit.

What just happenedJul 28, 2015

Became Public Law No: 114-38.

Who’s behind it

Rep. Chabot, Steve [R-OH-1](R-OH)Sponsor
6 cosponsors6 R
Read on Congress.gov
6cosponsors1committees32actions1amendments1related bills9subjects
  1. Jul 28, 2015President

    Became Public Law No: 114-38.

  2. Jul 28, 2015BecameLaw36000

    Became Public Law No: 114-38.

  3. Jul 28, 2015President

    Signed by President.

  4. Jul 28, 2015BecameLaw36000

    Signed by President.

  5. Jul 27, 2015Floor

    Presented to President.

  6. Jul 27, 2015President28000

    Presented to President.

  7. Jul 27, 2015ResolvingDifferencesH41931

    Motion to reconsider laid on the table Agreed to without objection.

  8. Jul 27, 2015ResolvingDifferencesH41610

    On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote. (text as House agreed to Senate amendment: CR H5508)

  9. Jul 27, 2015NotUsed19500

    Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.(text as House agreed to Senate amendment: CR H5508)

  10. Jul 27, 2015FloorH8D000

    DEBATE - The House proceeded with 40 minutes of debate on the motion to suspend the rules and agree in the Senate amendment to H.R. 2499.

  11. Jul 27, 2015ResolvingDifferencesH40140

    Mr. Chabot moved that the House suspend the rules and agree to the Senate amendment. (consideration: CR H5508-5510)

  12. Jul 24, 2015Floor

    Message on Senate action sent to the House.

  13. Jul 23, 2015Floor

    Passed Senate with an amendment by Unanimous Consent.

  14. Jul 23, 2015Floor17000

    Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.

  15. Jul 23, 2015Floor

    Measure laid before Senate by unanimous consent. (consideration: CR S5558)

  16. Jul 14, 2015Calendars

    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 149.

  17. Jul 13, 2015FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  18. Jul 13, 2015FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 410 - 1 (Roll no. 434). (text: CR H5101)

  19. Jul 13, 2015Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 410 - 1 (Roll no. 434).(text: CR H5101)

  20. Jul 13, 2015FloorH30000

    Considered as unfinished business. (consideration: CR H5104-5105)

  21. Jul 13, 2015FloorH37220

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

  22. Jul 13, 2015FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2499.

  23. Jul 13, 2015FloorH30000

    Considered under suspension of the rules. (consideration: CR H5101-5102)

  24. Jul 13, 2015FloorH30300

    Mr. Chabot moved to suspend the rules and pass the bill, as amended.

  25. Jun 25, 2015CalendarsH12410

    Placed on the Union Calendar, Calendar No. 139.

  26. Jun 25, 2015CommitteeH12200

    Reported (Amended) by the Committee on Small Business. H. Rept. 114-187.

    Small Business Committee
  27. Jun 25, 2015Committee5000

    Reported (Amended) by the Committee on Small Business. H. Rept. 114-187.

    Small Business Committee
  28. Jun 10, 2015Committee

    Ordered to be Reported (Amended) by Voice Vote.

    Small Business Committee
  29. Jun 10, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Small Business Committee
  30. May 21, 2015IntroReferralH11100

    Referred to the House Committee on Small Business.

    Small Business Committee
  31. May 21, 2015IntroReferralIntro-H

    Introduced in House

  32. May 21, 2015IntroReferral1000

    Introduced in House

Public LawJul 28, 201549

(This measure has not been amended since it was passed by the Senate on July 23, 2015. The summary of that version is repeated here.)

Veterans Entrepreneurship Act of 2015

(Sec. 2) Amends the Small Business Act to prohibit the Small Business Administration (SBA) from collecting a guarantee fee in connection with a loan made under the SBA Express Program to a veteran or the spouse of a veteran on or after October 1, 2015, except during any upcoming fiscal year for which the President's budget, submitted to Congress, includes a cost for the Program that is above zero.

(Sec. 3) Requires the SBA to assess for Congress the level of outreach to and consultation with female veterans regarding access to capital by women's business centers and Veterans Business Outreach Centers.

(Sec. 4) Amends the Consolidated and Further Continuing Appropriations Act, 2015 to increase the limit from $18.75 billion to $23.5 billion for FY2015 commitments for general business loans for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans.

Amends the Small Business Act to prohibit the SBA, starting October 1, 2015, from guaranteeing a loan if:

  • the lender determines that the borrower is unable to obtain credit elsewhere solely because the lender's liquidity depends upon the guaranteed portion of the loan being sold on the secondary market, or
  • the sole purpose for requesting the guarantee is to allow the lender to exceed its legal lending limit.
Passed Senate amendedJul 23, 201535

Veterans Entrepreneurship Act of 2015

(Sec. 2) Amends the Small Business Act to prohibit the Small Business Administration (SBA) from collecting a guarantee fee in connection with a loan made under the SBA Express Program to a veteran or the spouse of a veteran on or after October 1, 2015, except during any upcoming fiscal year for which the President's budget, submitted to Congress, includes a cost for the Program that is above zero.

(Sec. 3) Requires the SBA to assess for Congress the level of outreach to and consultation with female veterans regarding access to capital by women's business centers and Veterans Business Outreach Centers.

(Sec. 4) Amends the Consolidated and Further Continuing Appropriations Act, 2015 to increase the limit from $18.75 billion to $23.5 billion for FY2015 commitments for general business loans for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans.

Amends the Small Business Act to prohibit the SBA, starting October 1, 2015, from guaranteeing a loan if:

  • the lender determines that the borrower is unable to obtain credit elsewhere solely because the lender's liquidity depends upon the guaranteed portion of the loan being sold on the secondary market, or
  • the sole purpose for requesting the guarantee is to allow the lender to exceed its legal lending limit.
Passed House amendedJul 13, 201536

Veterans Entrepreneurship Act of 2015

(Sec. 2) Amends the Small Business Act to prohibit the Small Business Administration (SBA) from collecting a guarantee fee in connection with a loan made under the SBA Express Program to a veteran or the spouse of a veteran on or after October 1, 2015, except during any upcoming fiscal year for which the President's budget, submitted to Congress, includes a cost for the Program that is above zero.

(Sec. 3) Requires the SBA to assess for Congress the level of outreach to and consultation with female veterans regarding access to capital by women's business centers and Veterans Business Outreach Centers.

Reported to House with amendment(s)Jun 25, 201517

Veterans Entrepreneurship Act of 2015

(Sec. 2) Amends the Small Business Act to prohibit the Small Business Administration (SBA) from collecting a guarantee fee in connection with a loan made under the SBA Express Program to a veteran or the spouse of a veteran on or after October 1, 2015, except during any upcoming fiscal year for which the President's budget, submitted to Congress, includes a cost for the Program that is above zero.

(Sec. 3) Requires the SBA to assess for Congress the level of outreach to and consultation with female veterans regarding access to capital by women's business centers and Veterans Business Outreach Centers.

Introduced in HouseMay 21, 2015

Veterans Entrepreneurship Act

Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA) from collecting a guarantee fee in connection with a loan made under the SBA Express Program to a veteran or the spouse of a veteran on or after October 1, 2015, except during any upcoming fiscal year for which the President's budget, submitted to Congress, includes a cost for the Program that is above zero.

Veterans Entrepreneurship Act of 2015 — Informed