Title: Veteran Small Business Export Promotion Act
Policy area: Commerce

Summary:
Veteran Small Business Export Promotion Act
This bill amends the Small Business Act to prohibit the Small Business Administration (SBA) from assessing a guarantee fee in connection with a loan 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.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 1056 Introduced in Senate (IS)]

<DOC>






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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Veteran Small Business Export 
Promotion Act''.

SEC. 2. 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 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 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 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.''.
                                 <all>