Service-Disabled Veterans Small Business Continuation Act

Bill: 116-s-3008
Sponsor: full_name: Sen. Cornyn, John [R-TX]
Introduced: 2019-12-10
Policy area: Commerce
Subjects: Disability and paralysis

Public contracts and procurement

Small business

Veterans' education, employment, rehabilitation
Latest action: action_date: 2019-12-10
text: Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:
action_date: 2019-12-10
action_desc: Introduced in Senate
text: <p><b>Service-Disabled Veterans Small Business Continuation Act</b></p> <p>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.</p>

tv_txt: II 116th CONGRESS 1st Session S. 3008 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.

1. Short title This Act may be cited as the Service-Disabled Veterans Small Business Continuation Act . 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. .