Title: Service-Disabled Veterans Small Business Continuation Act
Policy area: Commerce

Summary:
Service-Disabled Veterans Small Business Continuation Act
This bill enables the surviving spouse of a service-disabled veteran who owned a small business to retain priority of the business for a period of time upon the death of the veteran spouse, regardless of the severity of the veteran's disability.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3008 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 3008

  To amend the Small Business Act to clarify the treatment of certain 
surviving spouses under the definition of small business concern owned 
              and controlled by service-disabled veterans.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 10, 2019

  Mr. Cornyn (for himself and Ms. Duckworth) 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 clarify the treatment of certain 
surviving spouses under the definition of small business concern owned 
              and controlled by service-disabled veterans.

    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 ``Service-Disabled Veterans Small 
Business Continuation Act''.

SEC. 2. TECHNICAL AMENDMENT REGARDING TREATMENT OF CERTAIN SURVIVING 
              SPOUSES UNDER THE DEFINITION OF SMALL BUSINESS CONCERN 
              OWNED AND CONTROLLED BY SERVICE-DISABLED VETERANS.

    Effective on the date specified in section 1832(e) of the National 
Defense Authorization Act for Fiscal Year 2017 (Public Law 114-328; 130 
Stat. 2660), section 3(q)(2)(C) of the Small Business Act (15 U.S.C. 
632(q)(2)(C)) is amended--
            (1) in clause (i)(II), by striking ``rated as 100 percent'' 
        and all that follows through ``service-connected disability''; 
        and
            (2) by amending clause (ii)(III) to read as follows:
                            ``(III) the date that--
                                    ``(aa) in the case of a surviving 
                                spouse of a veteran with a service-
                                connected disability rated as 100 
                                percent disabling or who dies as a 
                                result of a service-connected 
                                disability, is 10 years after the date 
                                of the death of the veteran; or
                                    ``(bb) in the case of a surviving 
                                spouse of a veteran with a service-
                                connected disability rated as less than 
                                100 percent disabling who does not die 
                                as a result of a service-connected 
                                disability, is 3 years after the date 
                                of the death of the veteran.''.
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