To amend the Small Business Act to waive the guarantee fee for loans of not more than $150,000 provided to veterans and spouses of veterans under the Export Working Capital, International Trade, and Export Express programs.

SECTION 1. PERMANENT LOAN GUARANTEE FEE WAIVERS FOR VETERANS.

    Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is 
amended--
            (1) in paragraph (14)(B)(ii), by adding at the end the 
        following:
                                    ``(III) Guarantee fee waiver for 
                                veterans.--
                                            ``(aa) Definition.--In this 
                                        subclause, the term `veteran or 
                                        spouse of a veteran' has the 
                                        meaning given the term in 
                                        paragraph (31)(G)(iii).
                                            ``(bb) Guarantee fee 
                                        waiver.--The Administrator may 
                                        not collect a guarantee fee 
                                        described in paragraph (18) in 
                                        connection with a loan of not 
                                        more than $150,000 made under 
                                        this paragraph to a veteran or 
                                        spouse of a veteran on or after 
                                        October 1 of the first fiscal 
                                        year beginning after the date 
                                        of enactment of this subclause.
                                            ``(cc) Exception.--If the 
                                        President's budget for the 
                                        upcoming fiscal year, submitted 
                                        to Congress pursuant to section 
                                        1105(a) of title 31, United 
                                        States Code, includes a cost 
                                        for the program established 
                                        under this subsection that is 
                                        above zero, the requirements of 
                                        item (bb) shall not apply to 
                                        loans made during such upcoming 
                                        fiscal year.'';
            (2) in paragraph (16), by adding at the end the following:
                    ``(G) Guarantee fee waiver for veterans.--
                            ``(i) Definition.--In this subparagraph, 
                        the term `veteran or spouse of a veteran' has 
                        the meaning given the term in paragraph 
                        (31)(G)(iii).
                            ``(ii) Guarantee fee waiver.--The 
                        Administrator may not collect a guarantee fee 
                        described in paragraph (18) in connection with 
                        a loan of not more than $150,000 made under 
                        this paragraph to a veteran or spouse of a 
                        veteran on or after October 1 of the first 
                        fiscal year beginning after the date of 
                        enactment of this subparagraph.
                            ``(iii) Exception.--If the President's 
                        budget for the upcoming fiscal year, submitted 
                        to Congress pursuant to section 1105(a) of 
                        title 31, United States Code, includes a cost 
                        for the program established under this 
                        subsection that is above zero, the requirements 
                        of clause (ii) shall not apply to loans made 
                        during such upcoming fiscal year.''; and
            (3) in paragraph (34), by adding at the end the following:
                    ``(D) Guarantee fee waiver for veterans.--
                            ``(i) Definition.--In this subparagraph, 
                        the term `veteran or spouse of a veteran' has 
                        the meaning given the term in paragraph 
                        (31)(G)(iii).
                            ``(ii) Guarantee fee waiver.--The 
                        Administrator may not collect a guarantee fee 
                        described in paragraph (18) in connection with 
                        an express loan of not more than $150,000 made 
                        under this paragraph to a veteran or spouse of 
                        a veteran on or after October 1 of the first 
                        fiscal year beginning after the date of 
                        enactment of this subparagraph.
                            ``(iii) Exception.--If the President's 
                        budget for the upcoming fiscal year, submitted 
                        to Congress pursuant to section 1105(a) of 
                        title 31, United States Code, includes a cost 
                        for the program established under this 
                        subsection that is above zero, the requirements 
                        of clause (ii) shall not apply to express loans 
                        made during such upcoming fiscal year.''.

Summary: This bill amends the Small Business Act to prohibit the Small Business Administration (SBA) from assessing a guarantee fee in connection with a loan of not more than $150,000 made to a veteran or spouse of a veteran beginning the first fiscal year after enactment of this bill under the SBA's Export Working Capital, International Trade, or Export Express programs. If the President's budget for the upcoming fiscal year includes a cost for such a program that is above zero, this prohibition shall not apply to loans made during such upcoming fiscal year.