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

HR 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.

Last action — Referred to the House Committee on Small Business.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  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This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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.

Bill Text

How this bill changes current law

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

The bill amends the Small Business Act to waive the guarantee fee for certain loans made to veterans and spouses of veterans.

  • 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 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.

    This adds a provision that waives the guarantee fee for loans under $150,000 for veterans and spouses, subject to budget conditions.

  • 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 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.

    This adds a guarantee fee waiver for loans under $150,000 for veterans and spouses in the context of international trade loans.

  • 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 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.

    This adds a provision for a guarantee fee waiver for express loans under $150,000 for veterans and spouses.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Small Business.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 545 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (545)

545 members have not signed on to this bill.

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"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

finance veterans
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Frequently asked questions

What does HR 2835 do?
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.
Who sponsors HR 2835?
HR 2835 is sponsored by Brat, Dave (Republican) and Murphy, Stephanie N. (Democratic).
What is the current status of HR 2835?
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 HR 2835?
Track HR 2835 free on One Click Politics — get push/email alerts when it moves.

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