US Congress House Bill 5835 (Prior Session Legislation)

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May 18 2012 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

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.

Veterans Access to Capital Act of 2012

Rep Boswell, Leonard L.

Rep Bishop, Timothy H.

Date	Chamber	Action
2012-05-18	House	Referred to the House Committee on Small Business.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HN05835:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-112hr5835ih/pdf/BILLS-112hr5835ih.pdf