I 
113TH CONGRESS 
2D SESSION 
H. R. 5045 
To increase access to capital for veteran entrepreneurs to help create jobs. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 9, 2014 
Mr. PETERS of Michigan introduced the following bill; which was referred to 
the Committee on Small Business 
A BILL 
To increase access to capital for veteran entrepreneurs to 
help create jobs. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Veterans Small Busi-
ness Support Act’’. 
SEC. 2. DEFINITIONS. 
In this Act— 
(1) the term ‘‘Administrator’’ means the Ad-
ministrator of the Small Business Administration; 
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(2) the term ‘‘reserve component’’ means a re-
serve component of the Armed Forces named in sec-
tion 10101 of title 10, United States Code; 
(3) the term ‘‘small business concern’’ has the 
meaning given the term under section 3(a) of the 
Small Business Act (15 U.S.C. 632(a)); 
(4) the term ‘‘veteran’’ has the meaning given 
the term under section 3(q)(4) of the Small Busi-
ness Act (15 U.S.C. 632(q)(4)); 
(5) the term ‘‘Veterans Business Outreach Cen-
ter’’ means a veteran business outreach center de-
scribed in section 32 of the Small Business Act (15 
U.S.C. 657b); and 
(6) the term ‘‘women’s business center’’ means 
a women’s business center described in section 29 of 
the Small Business Act (15 U.S.C. 656). 
SEC. 3. PERMANENT SBA EXPRESS LOAN GUARANTEE FEE 
WAIVER FOR VETERANS. 
Section 7(a) of the Small Business Act (15 U.S.C. 
636(a)) is amended— 
(1) in paragraph (18)(A), by striking ‘‘With re-
spect’’ and inserting ‘‘Except as provided in para-
graph (31)(G), with respect’’; and 
(2) in paragraph (31), adding at the end the 
following: 
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‘‘(G) GUARANTEE FEE WAIVER FOR VET-
ERANS OR SPOUSES OF VETERANS.— 
‘‘(i) DEFINITION.—In this subpara-
graph, the term ‘veteran or spouse of a 
veteran’ means— 
‘‘(I) a veteran, as defined in sec-
tion 3(q)(4); 
‘‘(II) a member of the Armed 
Forces serving on active duty who is 
eligible to participate in the Transi-
tion Assistance Program established 
under section 1144 of title 10, United 
States Code; 
‘‘(III) a member of a reserve 
component of the Armed Forces 
named in section 10101 of title 10, 
United States Code; 
‘‘(IV) the spouse of an individual 
described in subclause (I), (II), or 
(III); or 
‘‘(V) the surviving spouse (as de-
fined in section 101 of title 38, 
United States Code) of an individual 
described in subclause (I), (II), or 
(III) who died while serving on active 
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duty or as a result of a service-con-
nected (as defined in such section) 
disability. 
‘‘(ii) GUARANTEE FEE WAIVER.—The 
Administrator may not assess a guarantee 
fee under paragraph (18) in connection 
with a loan made under this paragraph to 
a veteran or spouse of a veteran on or 
after October 1, 2014.’’. 
SEC. 4. REPORT ON FINANCIAL PLANNING AND COUN-
SELING FOR OWNERS OF SMALL BUSINESS 
CONCERNS IN THE NATIONAL GUARD AND 
RESERVES. 
Not later than 180 days after the date of enactment 
of this Act, the Administrator shall submit to Congress 
a report assessing the feasibility of providing financial 
planning and counseling to owners of small business con-
cerns who are members of a reserve component prior to 
deployment. 
SEC. 5. REPORT ON ACCESSIBILITY AND OUTREACH TO FE-
MALE VETERANS BY THE SMALL BUSINESS 
ADMINISTRATION. 
Not later than 180 days after the date of enactment 
of this Act, the Administrator shall submit to Congress 
a report assessing the level of outreach to and consultation 
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with female veterans by women’s business centers and 
Veterans Business Outreach Centers. 
SEC. 6. REPORT ON THE MILITARY RESERVISTS ECONOMIC 
INJURY DISASTER LOAN PROGRAM. 
Not later than 180 days after the date of enactment 
of this Act, the Administrator shall submit to Congress 
a report on the Military Reservists Economic Injury Dis-
aster Loan Program (in this section referred to as the 
‘‘program’’) authorized under section 7(b)(3) of the Small 
Business Act (15 U.S.C. 636(b)(3)), which shall include— 
(1) a discussion of the outreach efforts of the 
Small Business Administration to increase participa-
tion in the program; 
(2) the number of loans made under the pro-
gram; 
(3) an analysis of the effectiveness of the pro-
gram; and 
(4) recommendations for improving the pro-
gram. 
Æ 
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