US HB2499 | 2015-2016 | 114th Congress

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 7-0)
Status: Passed on July 28 2015 - 100% progression
Action: 2015-07-28 - Became Public Law No: 114-38. (TXT | PDF)
Text: Latest bill text (Enrolled) [PDF]

Summary

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.

Tracking Information

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Title

Veterans Entrepreneurship Act of 2015

Sponsors


Roll Calls

2015-07-13 - House - On Motion to Suspend the Rules and Pass, as Amended (Y: 410 N: 1 NV: 22 Abs: 0) [PASS]

History

DateChamberAction
2015-07-28SenateBecame Public Law No: 114-38. (TXT | PDF)
2015-07-28SenateSigned by President.
2015-07-27SenatePresented to President.
2015-07-27SenateMotion to reconsider laid on the table Agreed to without objection.
2015-07-27SenateOn 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)
2015-07-27SenateDEBATE - 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.
2015-07-27SenateMr. Chabot moved that the House suspend the rules and agree to the Senate amendment. (consideration: CR H5508-5510)
2015-07-24SenateMessage on Senate action sent to the House.
2015-07-23SenatePassed Senate with an amendment by Unanimous Consent.
2015-07-23SenateS.Amdt.2326 Amendment SA 2326 agreed to in Senate by Unanimous Consent.
2015-07-23SenateS.Amdt.2326 Amendment SA 2326 proposed by Senator Sullivan for Senator Vitter. (consideration: CR S5558; text: CR S5558)
2015-07-23SenateMeasure laid before Senate by unanimous consent. (consideration: CR S5558)
2015-07-14SenateReceived in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 149.
2015-07-13HouseMotion to reconsider laid on the table Agreed to without objection.
2015-07-13HouseOn 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)
2015-07-13HouseConsidered as unfinished business. (consideration: CR H5104-5105)
2015-07-13HouseAt 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.
2015-07-13HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 2499.
2015-07-13HouseConsidered under suspension of the rules. (consideration: CR H5101-5102)
2015-07-13HouseMr. Chabot moved to suspend the rules and pass the bill, as amended.
2015-06-25HousePlaced on the Union Calendar, Calendar No. 139.
2015-06-25HouseReported (Amended) by the Committee on Small Business. H. Rept. 114-187.
2015-06-10HouseOrdered to be Reported (Amended) by Voice Vote.
2015-06-10HouseCommittee Consideration and Mark-up Session Held.
2015-05-21HouseReferred to the House Committee on Small Business.
2015-05-21HouseIntroduced in House

Same As/Similar To

HB3191 (Related) 2015-07-23 - Referred to the House Committee on Small Business.

Subjects


US Congress State Sources


Bill Comments

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