Veterans Entrepreneurship Act of 2015
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HR 2499 — Veterans Entrepreneurship Act of 2015
Last action — Became Public Law No: 114-38. (TXT | PDF)
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced May 21, 2015. Enacted.
Summary
Veterans Entrepreneurship Act of 2015 (Sec. 2) Amends the Small Business Act to prohibit the Small Business Administration (SBA) from collecting a guarantee fee in connection with a loan made under the SBA Express Program to a veteran or the spouse of a veteran on or after October 1, 2015, except during any upcoming fiscal year for which the President's budget, submitted to Congress, includes a cost for the Program that is above zero. (Sec. 3) Requires the SBA to assess for Congress the level of outreach to and consultation with female veterans regarding access to capital by women's business centers and Veterans Business Outreach Centers. (Sec. 4) Amends the Consolidated and Further Continuing Appropriations Act, 2015 to increase the limit from $18.75 billion to $23.5 billion for FY2015 commitments for general business loans for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans. Amends the Small Business Act to prohibit the SBA, starting October 1, 2015, from guaranteeing a loan if: the lender determines that the borrower is unable to obtain credit elsewhere solely because the lender's liquidity depends upon the guaranteed portion of the loan being sold on the secondary market, or the sole purpose for requesting the guarantee is to allow the lender to exceed its legal lending limit.
Bill Text
We don't have the full text on file for this bill yet.
Read HR 2499 on the official United States source →Action History
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Became Public Law No: 114-38. (TXT | PDF)
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Signed by President.
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Presented to President.
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Motion to reconsider laid on the table Agreed to without objection.
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On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote. (text as House agreed to Senate amendment: CR H5508)
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DEBATE - The House proceeded with 40 minutes of debate on the motion to suspend the rules and agree in the Senate amendment to H.R. 2499.
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Mr. Chabot moved that the House suspend the rules and agree to the Senate amendment. (consideration: CR H5508-5510)
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Message on Senate action sent to the House.
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Passed Senate with an amendment by Unanimous Consent.
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S.Amdt.2326 Amendment SA 2326 agreed to in Senate by Unanimous Consent.
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S.Amdt.2326 Amendment SA 2326 proposed by Senator Sullivan for Senator Vitter. (consideration: CR S5558; text: CR S5558)
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Measure laid before Senate by unanimous consent. (consideration: CR S5558)
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Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 149.
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Motion to reconsider laid on the table Agreed to without objection.
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On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 410 - 1 (Roll no. 434). (text: CR H5101)
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Considered as unfinished business. (consideration: CR H5104-5105)
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At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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DEBATE - The House proceeded with forty minutes of debate on H.R. 2499.
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Considered under suspension of the rules. (consideration: CR H5101-5102)
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Mr. Chabot moved to suspend the rules and pass the bill, as amended.
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Placed on the Union Calendar, Calendar No. 139.
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Reported (Amended) by the Committee on Small Business. H. Rept. 114-187.
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Ordered to be Reported (Amended) by Voice Vote.
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Committee Consideration and Mark-up Session Held.
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Referred to the House Committee on Small Business.
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Introduced in House
Sponsors
- Steve Chabot · Primary
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.
Subjects
Frequently asked questions
- What does HR 2499 do?
- Veterans Entrepreneurship Act of 2015 (Sec. 2) Amends the Small Business Act to prohibit the Small Business Administration (SBA) from collecting a guarantee fee in connection with a loan made under the SBA Express Program to a veteran or the spouse of a veteran on or after October 1, 2015, except during any upcoming fiscal year for which the President's budget, submitted to Congress, includes a cost for the Program that is above zero. (Sec. 3) Requires the SBA to assess for Congress the level of outreach to and consultation with female veterans regarding access to capital by women's business centers and Veterans Business Outreach Centers. (Sec. 4) Amends the Consolidated and Further Continuing Appropriations Act, 2015 to increase the limit from $18.75 billion to $23.5 billion for FY2015 commitments for general business loans for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans. Amends the Small Business Act to prohibit the SBA, starting October 1, 2015, from guaranteeing a loan if: the lender determines that the borrower is unable to obtain credit elsewhere solely because the lender's liquidity depends upon the guaranteed portion of the loan being sold on the secondary market, or the sole purpose for requesting the guarantee is to allow the lender to exceed its legal lending limit.
- Who sponsors HR 2499?
- HR 2499 is sponsored by Steve Chabot (R).
- What is the current status of HR 2499?
- This bill has been enacted into law. Introduced May 21, 2015. Enacted.
- Where can I track HR 2499?
- Track HR 2499 free on One Click Politics — get push/email alerts when it moves.
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