Skip to main content
HR 2499 114th Congress House Commerce Congressional oversight Credit and credit markets Government lending and loan guarantees Government studies and investigations Small business User charges and fees Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs Women in business

Veterans Entrepreneurship Act of 2015

Introduced: May 21, 2015 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 27 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2015
Became Public Law No: 114-38.
Jul 28, 2015
Signed by President.
Jul 27, 2015
Presented to President.
Jul 27, 2015
Motion to reconsider laid on the table Agreed to without objection.
Jul 27, 2015
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)
Jul 27, 2015
Resolving differences -- House actions: 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)
Jul 27, 2015
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.
Jul 27, 2015
Mr. Chabot moved that the House suspend the rules and agree to the Senate amendment. (consideration: CR H5508-5510)
Jul 24, 2015
Message on Senate action sent to the House.
Jul 23, 2015
Passed Senate with an amendment by Unanimous Consent.
Jul 23, 2015
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Jul 23, 2015
Measure laid before Senate by unanimous consent. (consideration: CR S5558)
Jul 14, 2015
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 149.
Jul 13, 2015
Motion to reconsider laid on the table Agreed to without objection.
Jul 13, 2015
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)
Jul 13, 2015
Passed/agreed to in House: 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)
Jul 13, 2015
Considered as unfinished business. (consideration: CR H5104-5105)
Jul 13, 2015
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.
Jul 13, 2015
DEBATE - The House proceeded with forty minutes of debate on H.R. 2499.
Jul 13, 2015
Considered under suspension of the rules. (consideration: CR H5101-5102)
Jul 13, 2015
Mr. Chabot moved to suspend the rules and pass the bill, as amended.
Jun 25, 2015
Placed on the Union Calendar, Calendar No. 139.
Jun 25, 2015
Reported (Amended) by the Committee on Small Business. H. Rept. 114-187.
Jun 10, 2015
Ordered to be Reported (Amended) by Voice Vote.
Jun 10, 2015
Committee Consideration and Mark-up Session Held.
May 21, 2015
Referred to the House Committee on Small Business.
May 21, 2015
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jul 13, 2015 House · vote #434 On Motion to Suspend the Rules and Pass, as Amended Passed 410–1 See who voted →
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was passed by the Senate on July 23, 2015. The summary of that version is repeated here.)

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.
What's happening now July 28, 2015

Became Public Law No: 114-38.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1