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.
[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2835 Introduced in House (IH)]
<DOC>
115th CONGRESS
1st Session
H. R. 2835
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.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
June 8, 2017
Mr. Brat (for himself and Mrs. Murphy of Florida) introduced the
following bill; which was referred to the Committee on Small Business
_______________________________________________________________________
A BILL
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
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.''.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
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