US HB294 | 2009-2010 | 111th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 18-3)
Status: Introduced on January 8 2009 - 25% progression, died in chamber
Action: 2009-09-24 - Subcommittee Hearings Held.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2009 - 25% progression, died in chamber
Action: 2009-09-24 - Subcommittee Hearings Held.
Text: Latest bill text (Introduced) [PDF]
Summary
Veteran-Owned Small Business Promotion Act of 2009 - Reinstates (under current law, terminated as of the end of FY1986) the veteran-owned small business loan program, under which the Secretary of Veterans Affairs may provide loans to veteran-owned small businesses for: (1) financing plant construction, conversion, or expansion; (2) financing the acquisition of equipment, facilities, machinery, supplies, or materials; or (3) supplying working capital. Makes eligible for such loans small business owners who are veterans and have a disability rated at 10% (under current law, 30%) or more, and includes all veterans (under current law, limited to Vietnam era veterans and veterans discharged or released due to a disability incurred or aggravated in the line of duty). Repeals the authority to make direct loans under the program (thereby allowing only loan guaranties). Increases from $200,000 to $500,000 the maximum loan guaranty amount. Authorizes the Secretary to subsidize a loan lender in order to reduce by up to 1/2% the interest rate paid by the veteran-owned small business. Includes under a loan preference members of the National Guard and reserves activated in support of the Global War on Terrorism. Limits performance bond requirements of veteran-owned small businesses with respect to the construction, alteration, or repair of any Department of Veterans Affairs (VA) public building or public work. Treats a small business owned and controlled by veterans as a socially and economically disadvantaged small business for purposes of contracts awarded to the latter businesses under provisions of the Small Business Act.
Title
Veteran-Owned Small Business Promotion Act of 2009
Sponsors
Rep. Brian Bilbray [R-CA] | Rep. Gus Bilirakis [R-FL] | Sen. Marsha Blackburn [R-TN] | Sen. John Boozman [R-AR] |
Rep. Henry Brown [R-SC] | Rep. Ginny Brown-Waite [R-FL] | Rep. Vern Buchanan [R-FL] | Rep. Steve Buyer [R-IN] |
Rep. Andre Carson [D-IN] | Rep. John Carter [R-TX] | Sen. Bill Cassidy [R-LA] | Rep. Robert Latta [R-OH] |
Rep. Kenny Marchant [R-TX] | Rep. Thaddeus McCotter [R-MI] | Rep. Jeff Miller [R-FL] | Rep. Tim Murphy [R-PA] |
Rep. Glenn Nye [D-VA] | Rep. Glenn Nye [D-VA] | Rep. Ted Poe [R-TX] | Rep. Thomas Rooney [R-FL] |
Rep. Joe Wilson [R-SC] |
History
Date | Chamber | Action |
---|---|---|
2009-09-24 | Subcommittee Hearings Held. | |
2009-01-09 | Referred to the Subcommittee on Economic Opportunity. | |
2009-01-08 | Referred to the House Committee on Veterans' Affairs. | |
2009-01-08 | Sponsor introductory remarks on measure. (CR E45-46) |
Subjects
Armed forces and national security
Business investment and capital
Department of Veterans Affairs
Disability and paralysis
Government buildings, facilities, and property
Government lending and loan guarantees
Interest, dividends, interest rates
National Guard and reserves
Public contracts and procurement
Small business
Terrorism
Veterans' education, employment, rehabilitation
Veterans' loans, housing, homeless programs
Business investment and capital
Department of Veterans Affairs
Disability and paralysis
Government buildings, facilities, and property
Government lending and loan guarantees
Interest, dividends, interest rates
National Guard and reserves
Public contracts and procurement
Small business
Terrorism
Veterans' education, employment, rehabilitation
Veterans' loans, housing, homeless programs
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/294/all-info |
Text | https://www.congress.gov/111/bills/hr294/BILLS-111hr294ih.pdf |