United States 115th Congress Status: In Committee 1 D cosponsors

S 1056 — Veteran Small Business Export Promotion Act

Last action — Read twice and referred to the Committee on Small Business and Entrepreneurship.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 115th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Veteran Small Business Export Promotion Act This bill amends the Small Business Act to prohibit the Small Business Administration (SBA) from assessing a guarantee fee in connection with a loan 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.

Bill Text

How this bill changes current law

3 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill waives guarantee fees for veterans and their spouses under certain loan programs in the Small Business Act, altering existing fee requirements.

  • 15 U.S.C. 636(a)(14)(B)(ii)

    ``(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.''

    This adds a waiver for guarantee fees for veterans and spouses for loans made under the Export Working Capital program.

  • 15 U.S.C. 636(a)(16)

    ``(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.''

    This adds a waiver for guarantee fees for veterans and spouses for loans made under the International Trade program.

  • 15 U.S.C. 636(a)(34)

    ``(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.''

    This adds a waiver for guarantee fees for veterans and spouses for loans made under the Export Express program.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Small Business and Entrepreneurship.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

Show all 546 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

veterans
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 1056 do?
Veteran Small Business Export Promotion Act This bill amends the Small Business Act to prohibit the Small Business Administration (SBA) from assessing a guarantee fee in connection with a loan 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.
Who sponsors S 1056?
S 1056 is sponsored by Hirono, Mazie K. (Democratic).
What is the current status of S 1056?
This bill died with 115th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 1056?
Track S 1056 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on S 1056

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of S 1056

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →