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HR 3483 108th Congress House Commerce Armed Forces and National Security Business education Debt Economics and Public Finance Education Entrepreneurs Federally-guaranteed loans Fees Finance and Financial Sector Government lending Grants-in-aid Interest Labor and Employment Military bases Small business Veterans' education Veterans' employment Veterans' loans Vocational and technical education

Seeds for Soldiers Act

Introduced: November 7, 2003 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 7, 2003
Referred to the House Committee on Small Business.
Nov 7, 2003
Sponsor introductory remarks on measure. (CR E2275)
Nov 7, 2003
Introduced in House
 Plain-English summary Congressional Research Service

Seeds for Soldiers Act - Authorizes the Administrator of the Small Business Administration (SBA), using loan authority under the Small Business Act, to make loans to small businesses owned and controlled by veterans. Allows such loans to be made for any business purpose, including the refinancing of outstanding business debt. Defers loan principal payments for one year after loan issuance. Prohibits the total amount outstanding and committed to a borrower from exceeding $3 million. Provides conditions under which the Administrator may participate in SBA-guaranteed loans to such businesses, including collection of a loan guarantee fee. Terminates the loan authority at the end of 2005.

Directs the Administrator to make grants to small business development centers to enable such centers to provide to veterans a program of assistance that includes training in a vocational or technical trade and entrepreneurial assistance in establishing and operating a small business that provides services in such trade. Provides a minimum grant amount of $500,000.

What's happening now November 7, 2003

Referred to the House Committee on Small Business.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1