II 

115TH CONGRESS 

1ST SESSION S. 1056 

To amend the Small Business Act to waive the guarantee fee for veterans 

and spouses of veterans for the Export Working Capital, International 

Trade, and Export Express programs. 

IN THE SENATE OF THE UNITED STATES 

MAY 4, 2017 

Ms. HIRONO (for herself and Mr. ROUNDS) introduced the following bill; which 

was read twice and referred to the Committee on Small Business and Entrepreneurship 

A BILL 

To amend the Small Business Act to waive the guarantee 

fee for veterans and spouses of veterans for the Export 

Working Capital, International Trade, and Export Express programs. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Veteran Small Busi5 ness Export Promotion Act’’. 


sradovich on DSK3GMQ082PROD with BILLS
2 

•S 1056 IS

1 SEC. 2. PERMANENT LOAN GUARANTEE FEE WAIVERS FOR 

2 VETERANS. 

3 Section 7(a) of the Small Business Act (15 U.S.C. 

4 636(a)) is amended— 

5 (1) in paragraph (14)(B)(ii), by adding at the 

6 end the following: 

7 ‘‘(III) GUARANTEE FEE WAIVER

8 FOR VETERANS.— 

9 ‘‘(aa) DEFINITION.—In this 

10 subclause, the term ‘veteran or 

11 spouse of a veteran’ has the 

12 meaning given the term in para13 graph (31)(G)(iii). 

14 ‘‘(bb) GUARANTEE FEE

15 WAIVER.—The Administrator 

16 may not collect a guarantee fee 

17 described in paragraph (18) in 

18 connection with a loan made 

19 under this paragraph to a vet20 eran or spouse of a veteran on or 

21 after October 1 of the first fiscal 

22 year beginning after the date of 

23 enactment of this subclause. 

24 ‘‘(cc) EXCEPTION.—If the 

25 President’s budget for the up26 coming fiscal year, submitted to 


sradovich on DSK3GMQ082PROD with BILLS
3 

•S 1056 IS

1 Congress pursuant to section 

2 1105(a) of title 31, United States 

3 Code, includes a cost for the pro4 gram established under this sub5 section that is above zero, the re6 quirements of item (bb) shall not 

7 apply to loans made during such 

8 upcoming fiscal year.’’; 

9 (2) in paragraph (16), by adding at the end the 

10 following: 

11 ‘‘(G) GUARANTEE FEE WAIVER FOR VET12 ERANS.— 

13 ‘‘(i) DEFINITION.—In this subpara14 graph, the term ‘veteran or spouse of a 

15 veteran’ has the meaning given the term in 

16 paragraph (31)(G)(iii). 

17 ‘‘(ii) GUARANTEE FEE WAIVER.—The 

18 Administrator may not collect a guarantee 

19 fee described in paragraph (18) in connec20 tion with a loan made under this para21 graph to a veteran or spouse of a veteran 

22 on or after October 1 of the first fiscal 

23 year beginning after the date of enactment 

24 of this subparagraph. 


sradovich on DSK3GMQ082PROD with BILLS
4 

•S 1056 IS

1 ‘‘(iii) EXCEPTION.—If the President’s 

2 budget for the upcoming fiscal year, sub3 mitted to Congress pursuant to section 

4 1105(a) of title 31, United States Code, 

5 includes a cost for the program established 

6 under this subsection that is above zero, 

7 the requirements of clause (ii) shall not 

8 apply to loans made during such upcoming 

9 fiscal year.’’; and 

10 (3) in paragraph (34), by adding at the end the 

11 following: 

12 ‘‘(D) GUARANTEE FEE WAIVER FOR VET13 ERANS.— 

14 ‘‘(i) DEFINITION.—In this subpara15 graph, the term ‘veteran or spouse of a 

16 veteran’ has the meaning given the term in 

17 paragraph (31)(G)(iii). 

18 ‘‘(ii) GUARANTEE FEE WAIVER.—The 

19 Administrator may not collect a guarantee 

20 fee described in paragraph (18) in connec21 tion with an express loan made under this 

22 paragraph to a veteran or spouse of a vet23 eran on or after October 1 of the first fis24 cal year beginning after the date of enact25 ment of this subparagraph. 


sradovich on DSK3GMQ082PROD with BILLS
5 

•S 1056 IS

1 ‘‘(iii) EXCEPTION.—If the President’s 

2 budget for the upcoming fiscal year, sub3 mitted to Congress pursuant to section 

4 1105(a) of title 31, United States Code, 

5 includes a cost for the program established 

6 under this subsection that is above zero, 

7 the requirements of clause (ii) shall not 

8 apply to express loans made during such 

9 upcoming fiscal year.’’. 

Æ 


sradovich on DSK3GMQ082PROD with BILLS