Veterans Entrepreneurship and Small Business Development Act of 1999
PL 106-50 (H.R.1568), enacted 08/17/1999

PUBLIC LAW 106-50—AUG. 17, 1999 
113 STAT. 233 
Public Law 106-50 
106th Congress 
An Act 
To provide technical, financial, and procurement assistance to veteran owned small 
Aug. 17, 1999 
businesses, and for other piu"poses. 
[H.R. 1568] 
Be it enacted by the Senate and House of Representatives 
of 
the United States of America in Congress assembled, 
Veterans 
Entre-
SECTION 1. SHORT TITLE. 
preneurship and 
This Act may be cited as the ''Veterans Entrepreneurship and DwdopmintXit 
Small Business Development Act of 1999". 
of 1999. 
SEC. 2. TABLE OF CONTENTS. 
^^ ^^^ ^^^ ^°^-
The table of contents for this Act is as follows: 
Sec. 1. Short title. 
Sec. 2. Table of contents. 
TITLE I—GENERAL PROVISIONS 
Sec. 101. Findings. 
Sec. 102. Purpose. 
Sec. 103. Definitions. 
TITLE II—VETERANS BUSINESS DEVELOPMENT 
Sec. 201. Veterans business development in the Small Business Administration. 
Sec. 202. National Veterans Business Development Corporation. 
Sec. 203. Advisory Committee on Veterans Business Affairs. 
TITLE III—TECHNICAL ASSISTANCE 
Sec. 301. SCORE program. 
Sec. 302. Entrepreneurial assistance. 
Sec. 303. Business development and management assistance for military reservists' 
small businesses. 
TITLE IV—FINANCIAL ASSISTANCE 
Sec. 401. General business loan program. 
Sec. 402. Assistance to active duty military reservists. 
Sec. 403. Microloan program. 
Sec. 404. Defense Economic Transition Loan Program. 
Sec. 405. State development company program. 
TITLE V—PROCUREMENT ASSISTANCE 
Sec. 501. Subcontracting. 
Sec. 502. Participation in Federal procurement. 
TITLE VI—REPORTS AND DATA COLLECTION 
Sec. 601. Reporting requirements. 
Sec. 602. Report on small business and competition. 
Sec. 603. Annual report of the Administrator. 
Sec. 604. Data and information collection. 
TITLE VII—MISCELLANEOUS PROVISIONS 
Sec. 701. Administrator's order. 
Sec. 702. Small Business Administration Office of Advocacy. 
Sec. 703. Study of fixed-asset small business loans. 
69-194-01 -9: QL3Part 1 
113 STAT. 234 
PUBLIC LAW 106-50—AUG. 17, 1999 
TITLE I—GENERAL PROVISIONS 
15 use 657b 
SEC. 101. FINDINGS. 
Congress finds the following: 
(1) Veterans of the United States Armed Forces have been 
and continue to be vital to the small business enterprises 
of the United States. 
(2) In serving the United States, veterans often faced great 
risks to preserve the American dream of freedom and pros-
perity. 
(3) The United States has done too little to assist vetereins, 
particularly service-disabled veterans, in playing a greater role 
in the economy of the United States by forming and expanding 
small business enterprises. 
(4) Medical advances and new medical technologies have 
made it possible for service-disabled veterans to play a much 
more active role in the formation and expansion of small busi-
ness enterprises in the United States. 
(5) The United States must provide additiongJ assistance 
and support to veterans to better equip them to form and 
expand small business enterprises, thereby enabling them to 
realize the American dream that they fought to protect. 
15 use 657b 
SEC. 102. PURPOSE. 
The purpose of this Act is to expand existing and establish 
new assistance progreims for veterans who own or operate small 
businesses. This Act accomplishes this purpose by— 
(1) expeinding the eligibility for certain small business 
assistance programs to include veterans; 
(2) directing certEiin departments and agencies of the 
United States to take actions that enhance smgQl business 
assistance to veterans; and 
(3) establishing new institutions to provide small business 
assistance to veterans or to support the institutions that provide 
such assistance. 
SEC. 103. DEFINITIONS. 
(a) SMALL BUSINESS ACT.—Section 3 of the Small Business 
Act (15 U.S.C. 632) is amended by adding at the end the following: 
"(q) DEFINITIONS RELATING TO VETERANS.—In this Act, the 
following definitions apply: 
"(1) SERVICE-DISABLED VETERAN.—The term 'service-dis-
abled veteran' means a veteran with a disability that is service-
connected (as defined in section 101(16) of title 38, United 
States Code). 
"(2) SMALL BUSINESS CONCERN OWNED AND CONTROLLED 
B
Y SERVICE-DISABLED VETERANS.—The term 'small business con-
cern owned and controlled by service-disabled veterans' means 
a small business concern— 
"(A) not less than 51 percent of which is owned by 
one or more service-disabled veterans or, in the case of 
any publicly owned business, not less than 51 percent 
of the stock of which is owned by one or more service-
disabled vetereuis; and 
"(B) the management and daily business operations 
of which are controlled by one or more service-disabled 
veterans or, in the case of a veteran with permanent and 
PUBLIC LAW 106-50—AUG. 17, 1999 
113 STAT. 235 
severe disability, the spouse or permanent caregiver of 
such veteran. 
"(3) 
SMALL BUSINESS CONCERN OWNED AND CONTROLLED 
BY VETERANS.—The term 'small business concern owned and 
controlled by veterans' means a small business concern— 
"(A) not less than 51 percent of which is owned by 
one or more veterans or, in the case of any publicly owned 
business, not less than 51 percent of the stock of which 
is owned by one or more veterans; and 
"(B) the management and daily business operations 
of which are controlled by one or more veterans. 
"(4) VETERAN.—The term Veteran' has the meaning given 
the term in section 101(2) of title 38, United States Code.", 
(b) APPLICABILITY TO THIS ACT.—In this Act, the definitions 
15 use 657b 
contained in section 3(q) of the Small Business Act, as added note. 
by this section, apply. 
TITLE II—VETERANS BUSINESS 
DEVELOPMENT 
SEC. 201. VETERANS BUSINESS DEVELOPMENT IN THE SMALL BUSI-
NESS ADMINISTRATION. 
(a) IN GENERAL.—Section 4(b)(1) of the Small Business Act 
(15 U.S.C. 633(b)(1)) is amended— 
(1) in the fifth sentence, by striking "four Associate 
Administrators" and inserting "five Associate Administrators"; 
and 
(2) by inserting after the fifth sentence the following: "One 
such Associate Administrator shall be the Associate Adminis-
trator for Veterans Business Development, who shall admin-
ister the Office of Veterans Business Development established 
under section 32.". 
(b) OFFICE OF VETERANS BUSINESS DEVELOPMENT; ASSOCL\TE 
ADMINISTRATOR.—The Small Business Act (15 U.S.C. 631 et seq.) 
is amended— 
(1) by redesignating section 32 as section 34; and 
15 USC 631 note. 
(2) by inserting after section 31 the following: 
"SEC. 32. VETERANS PROGRAMS. 
15 USC 657b. 
"(a) OFFICE OF VETERANS BUSINESS DEVELOPMENT.—There is Estabiisiiment. 
established in the Administration an Office of Veterans Business 
Development, which shall be administered by the Associate 
Administrator for Veterans Business Development (in this section 
referred to as the 'Associate Administrator') appointed under section 
4(b)(1). 
"(b) 
ASSOCIATE 
ADMINISTRATOR 
FOR 
VETERANS 
BUSINESS 
DEVELOPMENT.—The Associate Administrator— 
"(1) shall be an appointee in the Senior Executive Service; 
"(2) shall be responsible for the formulation, execution, 
and promotion of policies and programs of the Administration 
that provide assistance to small business concerns owned and 
controlled by veterans and small business concerns owned and 
controlled by service-disabled veterans. The Associate Adminis-
trator shall act as an ombudsman for fiill consideration of 
veterans in all programs of the Administration; and 
113 STAT. 236 
PUBLIC LAW 106-50—AUG. 17, 1999 
"(3) shall report to and be responsible directly to the 
Administrator.". 
SEC. 202. NATIONAL VETERANS BUSINESS DEVELOPMENT CORPORA-
TION. 
(a) IN GENERAL.—The Small Business Act (15 U.S.C. 631 et 
seq.) is amended by inserting after section 32 (as added by this 
Act) the following: 
15 use 657c. 
"SEC. 33. NATIONAL VETERANS BUSINESS DEVELOPMENT CORPORA-
TION. 
"(a) ESTABLISHMENT.—There is established a federally char-
tered corporation to be known as the National Veterans Business 
Development Corporation (in this section referred to as the 'Corpora-
tion') which shall be incorporated under the laws of the District 
of Columbia £uid which shall have the powers granted in this 
section. 
"(b) PURPOSES OF THE CORPORATION.—The purposes of 
the 
Corporation shall be— 
"(1) to expand the provision of and improve access to tech-
nical assistance regeu-ding entrepreneurship for the Nation's 
vetergins; and 
"(2) to assist veterans, including service-disabled vetereins, 
with the formation and expansion of small business concerns 
by working with and organizing public euid private resources, 
including those of the Small Business Administration, the 
Department of Veterans Affairs, the Department of Labor, the 
Department of Commerce, the Department of Defense, the 
Service Corps of Retired Executives (described in section 
8(b)(1)(B) of this Act), the Small Business Development Centers 
(described in section 21 of this Act), £uid the business develop-
ment staffs of each department £ind agency of the United States. 
"(c) BOARD OF DIRECTORS.— 
"(1) IN GENERAL.—^The management of the Corporation 
shall be vested in a Board of Directors composed of nine voting 
members and three nonvoting ex officio members. 
President. 
"(2) APPOINTMENT OF VOTING MEMBERS.—The President 
shall, after considering recommendations which shall be pro-
posed by the Chairmen and Ranking Members of the Commit-
tees on Small Business and the Committees on Veterems Affairs 
of the House of Representatives and the Senate, appoint United 
States citizens to be voting members of the Board, not more 
than five of whom shall be members of the same political 
party. 
"(3) Ex OFFICIO MEMBERS.—The Administrator of the Small 
Business Administration, the Secretary of Defense, and the 
Secretary of Veterans Affairs shall serve as the nonvoting ex 
officio members of the Board of Directors. 
Deadline. 
"(4) INITIAL APPOINTMENTS.—The initial members of the 
Board of Directors shall be appointed not later than 60 days 
after the date of enactment of this Act. 
"(5) CHAIRPERSON.—The members of the Board of Directors 
appointed under paragraph (2) shall elect one such member 
to serve as chairperson of the Board of Directors for a term 
of 2 years. 
"(6) TERMS OF APPOINTED MEMBERS.— 
PUBLIC LAW 106-50—AUG. 17, 1999 
113 STAT. 237 
"(A) IN GENERAL.—Each member of the Board of Direc-
tors appointed under paragraph (2) shsdl serve a term 
of 6 ye£irs, except as provided in subparagraph (B). 
"(B) TERMS OF INITIAL APPOINTEES.—As designated by 
the President at the time of appointment, of the members 
first appointed— 
"(i) three shall be for a term of 2 years; and 
"(ii) three shall be for a term of 4 years. 
"(C) UNEXPIRED TERMS.—^Any member of the Board 
of Directors appointed to fill a vacancy occurring before 
the expiration of the term for which the member's prede-
cessor was appointed shedl be appointed only for the 
remainder of the term. A member may serve after the 
expiration of that member's term until a successor has 
taken office. 
"(7) VACANCIES.—^Any vacancy on the Board of Directors 
shall be filled in the manner in which the original appointment 
was made. In the case of a vacancy in the office of the Adminis-
trator of the Small Business Administration or the Secretary 
of Veterans Affairs, and pending the appointment of a successor, 
an acting appointee for such vacancy may serve as an ex 
officio member. 
"(8) INELIGIBILITY FOR OTHER OFFICES.—No voting member 
of the Board of Directors may be an officer or employee of 
the United States while serving as a member of the Board 
of Directors or during the 2-year period preceding such service. 
"(9) IMPARTIALITY AND NONDISCRIMINATION.—The Board of 
Directors shsJl administer the affairs of the Corporation fairly 
eind impEirtially and without discrimination. 
"(10) OBLIGATIONS AND EXPENSES.—The Board of Directors 
shall prescribe the manner in which the obligations of the 
Corporation may be incurred and in which its expenses shall 
be allowed £ind paid. 
"(11) QUORUM.—Five voting members of the Board of Direc-
tors shall constitute a quorum, but a lesser nmnber may hold 
hearings. 
"(d) CORPORATE POWERS.—On October 1, 1999, the Corporation 
Effective date, 
shall become a body corporate and as such shall have the authority 
to do the following: 
"(1) To adopt and use a corporate seal. 
"(2) To have succession until dissolved by an Act of 
Congress. 
"(3) To make contracts or graints. 
"(4) To sue and be sued, and to file and defend against 
lawsuits in State or Federal court. 
"(5) To appoint, through the actions of its Board of Direc-
tors, officers and employees of the Corporation, to define their 
duties and responsibilities, fix their compensations, and to dis-
miss at will such officers or employees. 
"(6) To prescribe, through the actions of its Board of Direc-
tors, bylaws not inconsistent with Federal law and the law 
of the State of incorporation, regulating the manner in which 
its general business may be conducted and the manner in 
which the privileges granted to it by law may be exercised. 
"(7) To exercise, through the actions of its Board of Direc-
tors or duly authorized officers, all powers specifically granted 
113 STAT. 238 
PUBLIC LAW 106-50—AUG. 17, 1999 
Establishment. 
Deadline. 
Effective date. 
Establishment. 
by the provisions of this section, and such incidental powers 
as shall be necess£iry. 
"(8) To solicit, receive, and disburse funds from private, 
Federal, State and local organizations. 
"(9) To accept and employ or dispose of in furtherance 
of the purposes of this section any money or property, real, 
personal, or mixed, tangible or intangible, received by gift, 
devise, bequest, or otherwise. 
"(10) To accept voluntary and uncompensated services. 
"(e) CORPORATE FUNDS.— 
"(1) DEPOSIT OF FUNDS.—The Board of Directors shall 
deposit all funds of the Corporation in federally cheirtered and 
insured depository institutions until such fluids are disbursed 
under paragraph (2). 
"(2) DISBURSEMENT OF FUNDS.—Funds of the Corporation 
may be disbursed only for purposes that are— 
"(A) approved by the Board of Directors by a recorded 
vote with a quorum present; and 
"(B) in accordance with the purposes of the Corporation 
as specified in subsection (b). 
"(f) 
NETWORK OF INFORMATION AND ASSISTANCE CENTERS.— 
In carrying out the purpose described in subsection (b), the Corpora-
tion shall establish and maintain a network of information and 
assistance centers for use by veterans and the public. 
"(g) ANNUAL REPORT.—On or before October 1 of each year, 
the Board of Directors shall transmit a report to the President 
and the Congress describing the activities and accomplishments 
of the Corporation for the preceding year £uid the Corporation's 
findings regarding the efforts of Federal, State and private orgeiniza-
tions to assist veterans in the formation Eind expeuision of small 
business concerns. 
"(h) 
ASSUMPTION OF DUTIES OF ADVISORY COMMITTEE.—On 
October 1, 2004, the Corporation established under this section 
shall assume the duties, responsibilities, and authority of the 
Advisory Committee on Veterans Affairs established luider section 
203 of this Act. 
"(i) USE OF MAILS.—The Corporation may use the United States 
mails in the same manner and under the same conditions as the 
departments and agencies of the United States. 
"(j) PROFESSIONAL CERTIFICATION ADVISORY BOARD.— 
"(1) IN GENERAL.—Acting through the Board of Directors, 
the Corporation shall establish a Professional Certification 
Advisory Board to create uniform guidelines and standards 
for the professional certification of members of the Armed Serv-
ices to aid in their efficient and orderly transition to civilian 
occupations and professions and to remove potential bgirriers 
in the areas of licensure and certification. 
"(2) MEMBERSHIP.—The members of the Advisory Board 
shall serve without compensation, shall meet in the District 
of Columbia no less than quarterly, and shall be appointed 
by the Board of Directors as follows: 
"(A) PRIVATE SECTOR MEMBERS.—The Corporation shall 
appoint not less than seven members for terms of 2 years 
to represent private sector organizations and associations, 
including the American Association of Community Colleges, 
the Society for Human Resource Managers, the Coalition 
PUBLIC LAW 106-50—AUG. 17, 1999 
113 STAT. 239 
for Professional Certification, the Council on Licensure and 
Enforcement, and the American Legion. 
"(B) PUBLIC SECTOR MEMBERS.—The Corporation shall 
invite public sector members to serve at the discretion 
of their departments or agencies and shall— 
"(i) encourage the participation of the Under 
Secretary of Defense for Personnel and Readiness; 
"(ii) encourage the participation of two officers 
from each brginch of the Armed Forces to represent 
the Training Commands of their brsmch; and 
"(iii) seek the participation and guidance of the 
Assistant Secreteiry of Labor for Veterans' Employment 
and Training. 
"(k) AUTHORIZATION OF APPROPRIATIONS.— 
"(1) IN GENERAL.—Subject to paragraph (2), there are 
authorized to be appropriated to the Corporation to carry out 
this section— 
"(A) $2,000,000 for fiscal year 2000; 
"(B) $4,000,000 for fiscal year 2001; 
"(C) $4,000,000 for fiscal year 2002; and 
"(D) $2,000,000 for fiscal year 2003. 
"(2) MATCHING REQUIREMENT.— 
"(A) FISCAL YEAR 2001.—The amoimt made available 
to the Corporation for fiscal year 2001 may not exceed 
twice the amount that the Corporation certifies that it 
will provide for that fisced year from sources other than 
the Federal Government. 
"(B) SUBSEQUENT FISCAL YEARS.—The amount made 
available to the Corporation for fiscal year 2002 or 2003 
may not exceed the amount that the Corporation certifies 
that it will provide for that fiscal year from sources other 
than the Federal Government. 
"(3) PRIVATIZATION.—The Corporation shall institute and 
implement a plan to reuse private funds and become a self-
sustaining corporation.". 
(b) GAG REPORT.—Not later than 180 days after the last day 
of the second fiscal year beginning after the date on which the 
initial members of the Board of Directors of the National Veterans 
Business Development Corporation are appointed under section 
33(c) of the Small Business Act (as added by this section), the 
Comptroller (General of the United States shall evaluate the 
effectiveness of the National Veterans Business Development Cor-
poration in carrying out the purposes under section 33(b) of the 
Small Business Act (as added by this section), and submit to Con-
gress a report on the results of that evsQuation. 
SEC. 203. ADVISORY COMMITTEE ON VETERANS BUSINESS AFFAIRS. 
(a) IN GENERAL.—There is established an advisory committee 
to be known as the "Advisory Committee on Vetereuis Business 
Affairs" (in this section referred to as the "Committee"), which 
shall serve as an independent source of advice and policy rec-
ommendations to— 
(1) the Administrator of the Smsdl Business Administration 
(in this section referred to as the "Administrator"); 
(2) the Associate Administrator for Veterans Business 
Development of the Small Business Administration; 
(3) the Congress; 
Deadline. 
15 use 657c 
note. 
Establishment. 
15 use 657b 
note. 
113 STAT. 240 
PUBLIC LAW 106-50—AUG. 17, 1999 
President. 
(4) the President; and 
(5) other United States policymakers. 
(b) MEMBERSHIP.— 
(1) IN GENERAL.—The Committee shall be composed of 15 
members, of whom— 
(A) eight shall be veterans who are owners of small 
business concerns (within the meaning of the term under 
section 3 of the Small Business Act (15 U.S.C. 632)); and 
(B) seven shall be representatives of veterans orgEiniza-
tions. 
(2) APPOINTMENT.— 
(A) IN GENERAL.—The members of the Committee shall 
be appointed by the Administrator in accordance with this 
section. 
Deadline. 
(B) INITIAL APPOINTMENTS.—Not later than 90 days 
after the date of the enactment of this Act, the Adminis-
trator shall appoint the initial members of the Committee. 
(3) POLITICAL AFFILIATION.—Not more than eight members 
of the Committee shall be of the same politiced party as the 
President. 
(4) PROHIBITION ON FEDERAL EMPLOYMENT.— 
(A) IN GENERAL.—Except as provided in subparagraph 
(B), no member of the Committee may serve as cin officer 
or employee of the United States. 
(B) EXCEPTION.—^A member of the Committee who 
accepts a position as an officer or employee of the United 
States after the date of the member's appointment to the 
Committee may continue to serve on the Committee for 
not more than 30 days after such acceptance. 
(5) TERM OF SERVICE.— 
(A) IN GENERAL.—Subject to subparagraph (B), the 
term of service of each member of the Committee shall 
be 3 years. 
(B) TERMS OF INITIAL APPOINTEES.—^As designated by 
the Administrator at the time of appointment, of the mem-
bers first appointed— 
(i) six shall be appointed for a term of 4 years; 
and 
(ii) five shall be appointed for a term of 5 years. 
(6) VACANCIES.—The Administrator shall fill any vacancies 
on the membership of the Committee not later than 30 days 
after the date on which such vacancy occurs. 
(7) CHAIRPERSON.— 
(A) IN GENERAL.—The members of the Committee shall 
elect one of the members to be Chairperson of the Com-
mittee. 
(B) 
VACANCIES 
IN 
OFFICE 
OF CHAIRPERSON.—^Any 
vacancy in the office of the Chairperson of the Committee 
shall be filled by the Committee at the first meeting of 
the Committee following the date on which the vacancy 
occurs. 
(c) DUTIES.—The duties of the Committee shall be the following: 
(1) Review, coordinate, and monitor plans and programs 
developed in the public and private sectors, that affect the 
ability of small business concerns owned eind controlled by 
veterans to obtain capital and credit and to access miarkets. 
PUBLIC LAW 106-50—AUG. 17, 1999 
113 STAT. 241 
(2) Promote the collection of business information and 
survey data as they relate to veterans and small business 
concerns owned and controlled by veterans. 
(3) Monitor and promote plans, programs, and operations 
of the departments and agencies of the United States that 
may contribute to the formation and growth of small business 
concerns owned and controlled by veterans. 
(4) Develop and promote initiatives, policies, programs, and 
plans designed to foster small business concerns owned and 
controlled by veterans. 
(5) In cooperation with the National Veterans Business 
Development Corporation, develop a comprehensive plan, to 
be updated annually, for joint public-private sector efforts to 
facilitate growth and development of small business concerns 
owned and controlled by veterans. 
(d) POWERS.— 
(1) HEARINGS.—Subject to subsection (e), the Committee 
may hold such hearings, sit and act at such times and places, 
take such testimony, and receive such evidence as the Com-
mittee considers advisable to carry out its duties. 
(2) INFORAIATION FROM FEDERAL AGENCIES.—Upon r e q u e s t 
of the Chairperson of the Committee, the head of any depart-
ment or agency of the United States shall furnish such informa-
tion to the Committee as the Committee considers to be nec-
essary to carry out its duties. 
(3) USE OF MAILS.—The Committee may use the United 
States mails in the same manner and under the same conditions 
as other departments and agencies of the United States. 
(4) GIFTS.—The Committee may accept, use, £ind dispose 
of gifts or donations of services or property. 
(e) MEETINGS.— 
(1) IN GENERAL.—The Committee shall meet, not less than 
three times per year, at the call of the Chairperson or at 
the request of the Administrator. 
(2) LOCATION.—Each meeting of the full Committee shall 
be held at the headquarters of the Small Business Administra-
tion located in Washington, District of Columbia. The Adminis-
trator shall provide suitable meeting facilities and such 
administrative support as may be necessEuy for each full 
meeting of the Committee. 
(3) TASK GROUPS.—The Committee may, from time-to-time, 
establish temporary task groups as may be necessary in order 
to carry out its duties. 
(f) COMPENSATION AND EXPENSES.— 
(1) No COMPENSATION.—Members of the Committee shall 
serve without compensation for their service to the Committee. 
(2) EXPENSES.—The members of the Committee shall be 
reimbursed for travel and subsistence expenses in accordance 
with section 5703 of title 5, United States Code. 
(g) REPORT.—Not later than 30 days after the end of each Deadline. 
fiscal year beginning after the date of the enactment of this section, 
the Committee shall transmit to the Congress and the President President. 
a report describing the activities of the Committee and any rec-
ommendations developed by the Committee for the promotion of 
small business concerns owned and controlled by veterans. 
(h) TERMINATION.—The Committee shall terminate its business 
on September 30, 2004. 
113 STAT. 242 
PUBLIC LAW 106-50—AUG; 17, 1999 
TITLE III—TECHNICAL ASSISTANCE 
15 use 657b 
note. 
Memorandums. 
Appointment. 
Tele-
commxmications. 
Internet. 
15 use 657b 
note. 
Deadline. 
Memorandums. 
SEC. 301. SCORE PROGRAM. 
(a) IN GENERAL.—The Administrator of the Small Business 
Administration shall enter into a memorandum of understanding 
with the Service Core of Retired Executives (described in section 
8(b)(1)(B) of the Small Business Act (15 U.S.C. 637(b)(1)(B)) and 
in this section referred to as "SCORE") to provide for the following: 
(1) The appointment by SCORE in its national office of 
£in individual to act as National Veterans Business Coordinator, 
whose duties shall relate exclusively to vetersins business mat-
ters, £ind who shall be responsible for the establishment and 
administration of a program to coordinate counseling and 
tradning regarding entrepreneurship to veterans through the 
chapters of SCORE throughout the United States. 
(2) The assistance of SCORE in the establishing and 
maintaining a toll-free telephone number £uid an Internet 
website to provide access for veterans to information about 
the counseling and training regarding entrepreneurship avail-
able to veterans through SCORE. 
(3) The collection of statistics concerning services provided 
by SCORE to veterans, including service-disabled veterans, for 
inclusion in each annual report published by the Administrator 
under section 4(b)(2)(B) of the Small Business Act (15 U.S.C. 
633(b)(2)(B)). 
(b) RESOURCES.—The Administrator shall provide to SCORE 
such resources as the Administrator determines necessary for 
SCORE to carry out the requirements of the memorandum of under-
standing specified in paragraph (1). 
SEC. 302. ENTREPRENEURIAL ASSISTANCE. 
Not later than 180 days after the date of the enactment of 
this Act, the Secretary of Veterans Affeurs, the Administrator of 
the Smedl Business Administration, and the head of the association 
formed pursuant to section 21(a)(3)(A) of the Small Business Act 
(15 U.S.C. 648(a)(3)(A)) shedl enter into a memorandum of under-
stsinding with respect to entrepreneurial assistance to veterans, 
including 
service-disabled 
veterans, 
through 
Small 
Business 
Development Centers (described in section 21 of the Smedl Business 
Act (15 U.S.C. 648)) and facilities of the Department of Veterans 
Affairs. Such assistance shall include the following: 
(1) Conducting of studies and research, and the distribution 
of information generated by such studies and research, on 
the formation, management, fineuicing, marketing, and oper-
ation of small business concerns by veterans. 
(2) Provision of training and counseling to veterans con-
cerning the formation, management, financing, marketing, and 
operation of smeill business concerns. 
(3) Provision of management and technical assistance to 
the owners and operators of small business concerns regarding 
international markets, the promotion of exports, and the 
transfer of technology. 
(4) Provision of assistance and information to veterans 
regarding procurement opportunities with Federal, State, and 
local agencies, especicQly such agencies funded in whole or 
in part with Federal funds. 
PUBLIC LAW 106-50—AUG. 17, 1999 
113 STAT. 243 
(5) Establishment of an information clearinghouse to collect Establishment. 
and distribute information, including by electronic means, on Records. 
the assistance programs of Federal, State, and local govern- ^
'
^
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™
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*
-
ments, and of the private sector, including information on office 
locations, key personnel, telephone numbers, msiil and elec-
tronic addresses, and contracting and subcontracting opportuni-
ties. 
(6) Provision of Internet or other distance learning aca-
demic instruction for veterans in business subjects, including 
accounting, marketing, and business fundamentals. 
(7) Compilation of a list of small business concerns owned Records. 
and controlled by service-disabled veterans that provide prod-
ucts or services that could be procured by the United States 
and delivery of such list to each department and agency of 
the United States. Such list shall be delivered in hard copy 
and electronic form and shall include the name and address 
of each such small business concern and the products or services 
that it provides. 
SEC. 303. BUSINESS DEVELOPMENT AND MANAGEMENT ASSISTANCE 
FOR MILITARY RESERVISTS' SMALL BUSINESSES. 
(a) IN GENERAL.—Section 8 of the Small Business Act (15 
U.S.C. 637) is amended by adding at the end the following: 
"(1) 
MANAGEMENT 
ASSISTANCE 
FOR 
SMALL 
BUSINESSES 
AFFECTED BY MILITARY OPERATIONS.—The Administration shall uti-
lize, as appropriate, its entrepreneurial development and manage-
ment assistance programs, including programs involving State or 
private sector partners, to provide business counseling and training 
to any smedl business concern adversely affected by the deployment 
of imits of the Armed Forces of the United States in support 
of a period of military conflict (as defined in section 7(n)(l)).". 
(b) ENHANCED PUBLICITY DURING OPERATION ALLIED FORCE.— 
15 use 637 note. 
For the duration of Operation Allied Force and for 120 days there-
after, the Administration shall enhance its publicity of the avail-
ability of assistance provided pursuant to the amendment made 
by this section, including information regarding the appropriate 
local office at which affected smedl businesses may seek such assist-
ance. 
(c) GUIDELINES.—Not later than 30 days after the date of the Deadline. 
enactment of this section, the Administrator of the Small Business 
Administration shall issue such guidelines as the Administrator 
determines to be necessary to carry out this section and the amend-
ment made by this section. 
TITLE IV—FINANCIAL ASSISTANCE 
SEC 401. GENERAL BUSINESS LOAN PROGRAM. 
(a) DEFINITION OF HANDICAPPED INDIVIDUAL.—Section 3(f) of 
the Small Business Act (15 U.S.C. 632(f)) is amended to read 
as follows: 
"(f) For purposes of section 7 of this Act, the term ^handicapped 
individual' means an individual— 
"(1) who has a physical, mental, or emotional impairment, 
defect, ailment, disease, or disability of a permanent nature 
which in any way limits the selection of any type of employment 
113 STAT. 244 
PUBLIC LAW 106-50—AUG. 17, 1999 
for which the person would otherwise be qualified or qualifiable; 
or 
"(2) who is a service-disabled veteran.". 
(b) AUTHORIZATION TO MAKE LOANS.—Section 7(a)(10) of the 
Small Business Act (15 U.S.C. 636(a)(10)) is amended— 
(1) by inserting "guaranteed" after "provide"; and 
(2) by inserting ", including service-disabled veterans," after 
"handicapped individual". 
SEC. 402. ASSISTANCE TO ACTIVE DUTY MILITARY RESERVISTS. 
(a) REPAYMENT DEFERRAL FOR ACTIVE DUTY RESERVISTS.— 
Section 7 of the Smsdl Business Act (15 U.S.C. 636) is amended 
by adding at the end the following: 
"(n) REPAYMENT DEFERRED FOR ACTIVE DUTY RESERVISTS.— 
"(1) DEFINITIONS.—In this subsection: 
"(A) ELIGIBLE RESERVIST.—The term 'eligible reservist' 
means a member of a reserve component of the Armed 
Forces ordered to active duty during a period of military 
conflict. 
"(B) 
ESSENTIAL 
EMPLOYEE.—The 
term 
'essential 
employee' means an individual who is employed by a small 
business concern and whose managerial or technical exper-
tise is critical to the successful day-to-day operations of 
that smadl business concern. 
"(C) PERIOD OF MILITARY CONFLICT.—The term 'period 
of military conflict' means— 
"(i) a period of war declared by the Congress; 
"(ii) a period of national emergency declared by 
the Congress or by the President; or 
"(iii) a period of a contingency operation, as defined 
in section 101(a) of title 10, United States Code. 
"(D) QUALIFIED BORROWER.—The term 'qualified bor-
rower' means— 
"(i) an individual who is an eligible reservist and 
who received a direct loan under subsection (a) or 
(b) before being ordered to active duty; or 
"(ii) a small business concern that received a direct 
loan under subsection (a) or (b) before an eligible 
reservist, who is an essential employee, was ordered 
to active duty. 
"(2) DEFERRAL OF DIRECT LOANS.— 
"(A) IN GENERAL.—The Administration shall, upon 
written request, defer repayment of principal and interest 
due on a direct loan made under subsection (a) or (b), 
if such loan was incurred by a qualified borrower. 
"(B) PERIOD OF DEFERRAL.—The period of deferral for 
repayment under this paragraph sh^l begin on the date 
on which the eligible reservist is ordered to active duty 
and shall terminate on the date that is 180 days after 
the date such eligible reservist is discharged or released 
fi-om active duty. 
"(C) INTEREST RATE REDUCTION DURING DEFERRAL.— 
Notwithstanding any other provision of law, during the 
period of deferred described in subparagraph (B), the 
Administration may, in its discretion, reduce the interest 
rate on any loan qualifying for a deferral under this pgu-a-
graph. 
PUBLIC LAW 106-50—AUG. 17, 1999 
113 STAT. 245 
"(3) 
DEFERRAL 
OF 
LOAN 
GUARANTEES 
AND 
OTHER 
FINANCINGS.—TTie Administration shall— 
"(A) encourage intermediaries participating in the pro-
gram under subsection (m) to defer repayment of a loan 
made with proceeds made available under that subsection, 
if such loan was incurred by a small business concern 
that is eligible to apply for assistsmce under subsection 
(b)(3); and 
"(B) not later than 30 days after the date of the enact-
ment of this subsection, establish guidelines to— 
"(i) encourage lenders and other intermediaries to 
defer repayment of, or provide other relief relating 
to, loan guarantees under subsection (a) and financings 
under section 504 of the Small Business Investment 
Act of 1958 that were incurred by small business con-
cerns that are eligible to apply for assistance under 
subsection (b)(3), and loan guarantees provided under 
subsection (m) if the intermediary provides relief to 
a small business concern under this paragraph; and 
"(ii) implement a program to provide for the 
deferral of repajonent or other relief to any inter-
medi£iry providing relief to a small business borrower 
under this paragraph.". 
(b) 
DISASTER LOAN ASSISTANCE FOR MILITARY RESERVISTS' 
SMALL BUSINESSES.—Section 7(b) of the Small Business Act (15 
U.S.C. 636(b)) is amended by inserting after the undesignated para-
graph that begins with "Provided, That no loan", the following: 
"(3)(A) In this p£iragraph— 
"(i) the term 'essential employee' means £in individual 
who is employed by a small business concern and whose 
managerial or technical expertise is critical to the success-
ful day-to-day operations of that small business concern; 
"(ii) the term 'period of militeiry conflict' has the 
meaning given the term in subsection (n)(l); and 
"(iii) the term 'substantial economic injury' means an 
economic harm to a business concern that results in the 
inability of the business concern— 
"(I) to meet its obligations as they mature; 
"(II) to pay its ordinary and necessary operating 
expenses; or 
"(III) to market, produce, or provide a product 
or service ordinsirily marketed, produced, or provided 
by the business concern. 
"(B) The Administration may make such disaster loans 
(either directly or in cooperation with banks or other lending 
institutions through agreements to participate on an immediate 
or deferred basis) to assist a small business concern that has 
suffered or that is likely to suffer substantial economic injury 
as the result of an essential employee of such small business 
concern being ordered to active military duty during a period 
of military conflict. 
"(C) A small business concern described in subparagraph 
(B) shall be eligible to apply for assistance under this paragraph 
during the period beginning on the date on which the essential 
employee is ordered to active duty and ending on the date 
that is 90 days after the date on which such essential employee 
is discharged or released fi-om active duty. 
Deadline. 
Guidelines. 
Effective date. 
113 STAT. 246 
PUBLIC LAW 106-50—AUG. 17, 1999 
15 u s e 636 note. 
Deadline. 
15 u s e 636 note. 
15 u s e 636 note. 
Applicability. 
"(D) Any loan or guarantee extended pursuant to this p£ira-
graph shall be made at the same interest rate as economic 
injury loans under paragraph (2). 
"(E) No loan may be made under this pEiragraph, either 
directly or in cooperation with banks or other lending institu-
tions through agreements to participate on an immediate or 
deferred basis, if the total amount outstanding and committed 
to the borrower under this subsection would exceed $1,500,000, 
unless such applicant constitutes a major source of employment 
in its surrounding area, as determined by the Administration, 
in which case the Administration, in its discretion, may waive 
the $1,500,000 limitation. 
"(F) For purposes of assistance under this paragraph, no 
declaration of a disaster area shall be required.". 
(c) ENHANCED PUBLICITY DURING OPERATION ALLIED FORCE.— 
For the duration of Operation Allied Force and for 120 days there-
after, the Administration shall enhance its publicity of the avail-
ability of assistance provided pursuant to the amendments made 
by this section, including information regarding the appropriate 
local office at which affected small businesses may seek such assist-
ance. 
(d) GUIDELINES.—Not later than 30 days after the date of 
the enactment of this section, the Administrator of the Small Busi-
ness Administration sheill issue such guidelines as the Adminis-
trator determines to be necessary to carry out this section and 
the amendments made by this section. 
(e) EFFECTIVE DATES.— 
(1) IN GENERAL.—Except as provided in pgiragraph (2), the 
amendments made by this section shall take effect on the 
date of the enactment of this section. 
(2) DISASTER LOANS.—The amendments made by subsection 
(b) shall apply to economic injury suffered or likely to be suf-
fered as the result of a period of military conflict occurring 
or ending on or after March 24, 1999. 
SEC. 403. MICROLOAN PROGRAM. 
Section 7(m)(l)(A)(i) of the Small Business Act (15 U.S.C. 
636(m)(l)(A)(i)) is amended by inserting "veteran (within the 
meaning of such term under section 3(q))," after "low-income,". 
SEC. 404. DEFENSE ECONOMIC TRANSITION LOAN PROGRAM. 
Section 7(a)(21)(A)(ii) of the Small Business Act (15 U.S.C. 
636(a)(21)(A)(ii)) is amended by inserting "or a veteran" after "quali-
fied individual". 
SEC. 405. STATE DEVELOPMENT COMPANY PROGRAM. 
Section 501(d)(3) of the Small Business Investment Act of 1958 
(15 U.S.C. 695(d)(3)) is amended— 
(1) by redesignating subparagraphs (E), (F), and (G) as 
subparagraphs (F), (G), and (H), respectively; and 
(2) by inserting after subparagraph (D) the following: 
"(E) expansion of small business concerns owned and 
controlled by veterans, as defined in section 3(q) of the 
Small Business Act (15 U.S.C. 632(q)), especially service-
disabled veterans, as defined in such section 3(q),". 
PUBLIC LAW 106-50—AUG. 17, 1999 
113 STAT. 247 
TITLE V—PROCUREMENT ASSISTANCE 
SEC. 501. SUBCONTRACTING. 
(a) STATEMENT OF POLICY.—Section 8(d)(1) of the Small Busi-
ness Act (15 U.S.C. 637(d)(1)) is amended by inserting "small busi-
ness concerns owned and controlled by service-disabled veterans," 
after "small business concerns," the first place it appears in the 
first and second sentences. 
(b) CONTRACT CLAUSE.—The contract clause specified in section 
8(d)(3) of the Small Business Act (15 U.S.C. 637(d)(3)) is amended 
as follows: 
(1) Subpeiragraph (A) of such clause is amended by 
inserting "small business concerns owned and controlled by 
veterans," after "small business concerns," the first place it 
appears in the first and second sentences. 
(2) Subparagraphs (E) £ind (F) of such clause are redesig-
nated as subparagraphs (F) and (G), respectively, and the fol-
lowing new subparagraph is inserted after subparagraph (D) 
of such clause: 
"(E) The term 'small business concern owned and controlled 
by veterans' shall mean a small business concern— 
"(i) which is at least 51 per centum owned by one 
or more eligible veterans; or, in the case of any publicly 
owned business, at least 51 per centiun of the stock of 
which is owned by one or more veterans; and 
"(ii) whose management and daily business operations 
are controlled by such veterans. The contractor shall treat 
as veterans all individuals who aire veterems within the 
meaning of the term under section 3(q) of the Small Busi-
ness Act.". 
(3) Subparagraph (F) of such clause, as redesignated by 
paragraph (2) of this subsection, is amended by inserting "small 
business concern owned and controlled by veterans," after 
"small business concern," the first place it appears. 
(c) CONFORMING AMENDMENTS.—Section 8(d) of the Small Busi-
ness Act (15 U.S.C. 637(d)) is amended by inserting "smgJl business 
concerns owned and controlled by vetereins," eifter "small business 
concerns," the first place it appears in each of paragraphs (4)(D), 
(4)(E), (6)(A), (6)(C), (6)(F), and (10)(B). 
SEC. 502. PARTICIPATION IN FEDERAL PROCUREMENT. 
(a) GOVERNMENT-WIDE PARTICIPATION GOALS.—Section 15(g)(1) 
of the Small Business Act (15 U.S.C. 644(g)(1)) is amended— 
(1) in the first sentence, by inserting "small business con-
cerns owned and controlled by service disabled veterans," after 
"small business concerns," the first place it appears; 
(2) by inserting after the second sentence, the following: 
"The Government-wide goal for participation by small business 
concerns owned and controlled by service-disabled veterans 
shall be established at not less than 3 percent of the totsd 
value of all prime contract and subcontract awards for each 
fiscal year."; eind 
(3) in the second to last sentence, by inserting "small 
business concerns owned and controlled by service-disabled vet-
erans," after "small business concerns," the first place it 
appears. 
113 STAT. 248 
PUBLIC LAW 106-50—AUG. 17, 1999 
(b) AGENCY PARTICIPATION GOALS.—Section 15 of the Small 
Business Act (15 U.S.C. 644(g)(2)) is amended— 
(1) in the first sentence, by inserting "by small business 
concerns owned and controlled by service-disabled veterans," 
Eifter "small business concerns,"; the first place it appears; 
(2) in the second sentence, by inserting "smsJl business 
concerns owned and controlled by service-disabled veterans," 
after "small business concerns," the first place it appears; Eind 
(3) in the fourth sentence, by inserting "small business 
concerns owned and controlled by service-disabled veterans, 
by" after "including participation by". 
TITLE VI—REPORTS AND DATA 
COLLECTION 
SEC. 601. REPORTING REQUIREMENTS. 
(a) REPORTS TO SMALL BUSINESS ADMINISTRATION.—Section 
15(h)(1) of the Small Business Act (15 U.S.C. 644(h)(1)) is amended 
by inserting "small business concerns owned £ind controlled by 
veterans (including service-disabled veterans)," sifter "small busi-
ness concerns," the first place it appears. 
(b) REPORTS TO THE PRESIDENT AND THE CONGRESS.—Section 
15(h)(2) of the Small Business Act (15 U.S.C. 644(h)(2)) is 
amended— 
(1) by inserting "and the Congress" before the period at 
the end of first sentence; and 
(2) in each of subparagraphs (A), (D), and (E), by inserting 
"small business concerns owned and controlled by service-dis-
abled veterans," after "small business concerns," the first place 
it appears. 
SEC. 602. REPORT ON SMALL BUSINESS AND COMPETITION. 
Section 303(e) of the Small Business Economic Policy Act of 
1980 (15 U.S.C. 631b(e)) is amended— 
(1) in paragraph (1), by striking "and" after the semicolon; 
(2) in paragraph (2), by striking the period at the end 
and inserting "; and"; and 
(3) by adding at the end the following: 
"(3) small business concerns owned £ind controlled by 
veterans, as defined in section 3(q) of the Small Business Act 
(15 U.S.C. 632(q)), and small business concerns owned and 
controlled by service-disabled veterans, as defined in such sec-
tion 3(q).". 
15 use 657b 
SEC. 603. ANNUAL REPORT OF THE ADMINISTRATOR. 
The Administrator of the Small Business Administration shall 
transmit annually to the Committees on Small Business and Vet-
erans Affairs of the House of Representatives and the Senate a 
report on the needs of small business concerns owned £ind controlled 
by veterans and small business concerns owned and controlled 
by service-disabled veterans, which shall include information on— 
(1) the availability of Small Business Administration pro-
grams for such smeill business concerns and the degree of 
utilization of such programs by such small business concerns 
during the preceding 12-month period, including statistical 
PUBLIC LAW 106-50—AUG. 17, 1999 
113 STAT. 249 
information on such utilization as compared to the small busi-
ness community as a whole; 
(2) the percentage and dollar value of Federal contracts 
awarded to such small business concerns during the preceding 
12-month period, based on the data collected pursuant to section 
604(d); and 
(3) proposals to improve the access of such small business 
concerns to the assistance made available by the United States. 
SEC. 604. DATA AND INFORMATION COLLECTION. 
(a) INFORMATION ON FEDERAL PROCUREMENT PRACTICES.—The 
Administrator of the Small Business Administration shall, for each 
fiscal year— 
(1) collect information concerning the procurement practices 
and procedures of each department and agency of the United 
States having procurement authority; 
(2) publish and disseminate such information to procure-
ment officers in all Federal agencies; and 
(3) make such information available to £iny small business 
concern requesting such information. 
(b) IDENTIFICATION OF SMALL BUSINESS CONCERNS OWNED BY 
ELIGIBLE VETERANS.—Each fiscal year, the Secretary of Veterans 
Affairs shall, in consultation with the Assistant Secretary of Labor 
for Veterans' Emplo5anent and Training and the Administrator 
of the Small Business Administration, identify small business con-
cerns owned and controlled by veterans in the United States. The 
Secretary shall inform each small business concern identified under 
this paragraph that information on Federal procurement is available 
from the Administrator. 
(c) 
SELF-EMPLOYMENT 
OPPORTUNITIES.—The 
Secretary 
of 
Labor, the Secretary of Veterans Affairs, and the Administrator 
of the Small Business Administration shall enter into a memo-
randum of understanding to provide for coordination of vocational 
rehabilitation services, technical and managerial assistance, and 
financial assistance to vetereuis, including service-disabled veterans, 
seeking to employ themselves by forming or expanding small busi-
ness concerns. Tlie memorandum of understanding shall include 
recommendations for expanding existing programs or establishing 
new programs to provide such services or assistance to such vet-
erans. 
(d) DATA COLLECTION REQUIRED.—The Federal Procurement 
Data System described in section 6(d)(4)(A) of the Office of Federal 
Procurement Policy Act (41 U.S.C. 405(d)(4)(A)) shall be modified 
to collect data regarding the percentage and dollar value of prime 
contracts and subcontracts awarded to small business concerns 
owned and controlled by veterans and small business concerns 
owned and controlled by service-disabled veterans. 
15 use 657b 
note. 
Publication. 
Memorsuidums. 
TITLE VII—MISCELLANEOUS 
PROVISIONS 
SEC 701. ADMINISTRATOR'S ORDER. 
The Administrator of the Small Business Administration shall 
strengthen and reissue the Administrator's order regarding the 
third sentence of section 4(b)(1) of the Small Business Act (15 
15 use 633 note. 
113 STAT. 250 
PUBLIC LAW 106-50—AUG. 17, 1999 
U.S.C. 633(b)(1)), relating to nondiscrimination and specisQ consider-
ations for veterEins, and take all necessary steps to ensure that 
its provisions are fxilly and vigorously implemented. 
SEC. 702. SMALL BUSINESS ADMINISTRATION OFFICE OF ADVOCACY. 
Section 202 of Public Law 94-305 (15 U.S.C. 634b) is 
amended— 
(1) in pgiragraph (10), by striking "suid" at the end; 
(2) in psu-agraph (11), by striking the period at the end 
and inserting "; and"; and 
(3) by adding at the end the following: 
"(12) evaluate the efforts of each department and agency 
of the United States, and of private industry, to assist small 
business concerns owned Euid controlled by veterans, as defined 
in section 3(q) of the Small Business Act (15 U.S.C. 632(q)), 
and small business concerns owned and controlled by serviced-
disabled veterans, as defined in such section 3(q), and to provide 
statistical information on the utilization of such programs by 
such small business concerns, and to make appropriate rec-
ommendations to the Administrator of the Small Business 
Administration and to the Congress in order to promote the 
establishment and growth of those small business concerns.". 
SEC. 703. STUDY OF FIXED-ASSET SMALL BUSINESS LOANS. 
(a) IN GENERAL.—^The Comptroller (General shall conduct a 
study on whether there would exist any additional risk or cost 
to the United States if— 
(1) up to 10 percent of the loans guaranteed under chapter 
37 of title 38, United States Code, were made for the acquisition 
or construction of fixed assets used in a trade or business 
rather than for the construction or purchase of residential 
buildings; and 
(2) such loams for acquisition or construction of fixed assets 
were for a term of not more than 10 years and the terms 
regarding eligibility, IOEUI limits, interest, fees, and down pay-
ment were the same as for other loans gu£iranteed under such 
chapter. 
(b) REPORT.— 
Deadline. 
(1) IN GENERAL.—Not later them 180 days after the enact-
ment of this Act, the Comptroller Genered shall transmit the 
report described in subsection (a) to the Committees on Vet-
erans' Affairs Euid the Committees on Small Business of the 
House of Representatives and the Senate. 
(2) CONTENTS OF REPORT.—^The report required by para-
graph (1) shall specifically address the following: 
(A) With respect to the change in the veterans' housing 
loan program contemplated under subsection (a): 
(i) The increase or decrease in administrative costs 
to the Dep£ui;ment of Veterans Affairs. 
(ii) The increase or decrease in the degree of expo-
sure of the United States as the guarantor of the 
loans. 
(iii) The increase or decrease in the Federal sub-
sidy rate that would be possible. 
(iv) Any increase in the interest rate or fees 
charged to the borrower or lender that would be 
required to maintain present program costs. 
PUBLIC LAW 106-50—AUG. 17, 1999 
113 STAT. 251 
(B) Information regarding the delinquency rates, 
default rates, length of time required for recovery after 
default, for fixed-asset business loans, of a size £ind dura-
tion comparable to those contemplated under subsection 
(a), made available in the private market or under section 
503 of the Small Business Investment Act of 1958. 
Approved August 17, 1999. 
LEGISLATIVE HISTORY—H.R. 1568: 
HOUSE REPORTS: No. 106-206, Pt. 1 (Comm. on Small Business). 
SENATE REPORTS: No. 106-136 (Comm. on Small Business). 
CONGRESSIONAL RECORD, Vol. 145 (1999): 
June 29, considered and passed House. 
Aug. 5, considered and passed Senate, amended. House concurred in Senate 
amendment. 
WEEKLY COMPILATION OF PRESIDENTL\L DOCUMENTS, Vol. 35 (1999): 
Aug. 17, Presidential statement.