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