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HR 3423 97th Congress House Armed Forces and National Security Business and commerce Civil service employment Department of the Treasury Education Employment and training programs Federal employees Federal employees and officials Government procurement Government trust funds Labor and Employment Public Contracts, Procurement, and Property Small business Veterans' benefits Veterans' disability compensation Veterans' education Veterans' employment Veterans' loans Veterans' rehabilitation

Veterans Training and Business Loan Act of 1981

Introduced: May 5, 1981 See on congress.gov
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 Everywhere this bill has been 18 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 3, 1981
For Further Action See H.R.3499.
Jun 3, 1981
Received in the Senate, read twice, and referred to the Committee on Veterans.
Jun 2, 1981
Passed House (Amended) by Yea-Nay Vote: 352 - 41 (Record Vote No: 58).
Jun 2, 1981
Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 352 - 41 (Record Vote No: 58).
Jun 1, 1981
Considered by House Vote Postponed Unfinished Business.
Jun 1, 1981
Called up by House by Unanimous Consent.
May 19, 1981
Placed on Union Calendar No: 61.
May 19, 1981
Reported to House (Amended) by House Committee on Veterans' Affairs. Report No: 97-78.
May 12, 1981
Ordered to be Reported.
May 12, 1981
Committee Consideration and Mark-up Session Held.
May 7, 1981
Forwarded by Subcommittee to Full Committee.
May 7, 1981
Subcommittee Consideration and Mark-up Session Held.
May 7, 1981
Referred to Subcommittee on Education, Training and Employment.
May 5, 1981
For Previous Action See H.R.1139.
May 5, 1981
For Previous Action See H.R.1138.
May 5, 1981
For Previous Action See H.R.2391.
May 5, 1981
Referred to House Committee on Veterans' Affairs.
May 5, 1981
Introduced in House
 Plain-English summary Congressional Research Service

Veterans' Training and Business Loan Act of 1981 - Title I: Vocational Training - Authorizes, without delimiting period, educational assistance for Vietnam-era veterans determined to be in need of vocational training.

Title II: Small Business Loans - Veterans' Business Loan Act of 1981 - Permits the Administrator of Veterans' Affairs to provide financial assistance to a small business concern which is at least 51 percent owned by veterans of the Vietnam era or disabled veterans. Authorizes such assistance, in the form of loan guaranties or direct loans, for financing plant construction or expansion, the acquisition of equipment or supplies, or supplying the concern with working capital. Sets forth restrictions and the liability of the Administrator in the provision of such assistance.

Requires each individual with an ownership interest in such a veterans' small business concern to execute a document evidencing the loan and makes such individual jointly and severally liable to the Administrator for any amount paid by the Administrator on such loan. Requires the approval of the Administrator before the closing of the loan. Limits the terms of such loans to ten years, except for construction and certain other related loans. Grants special consideration to veterans with service-connected disabilities.

Establishes in the Treasury the Veterans' Administration Business Loan Revolving Fund. Directs the Administrator to transfer any surplus funds into the general fund. Sets forth the powers of the Administrator for the administration of this program. Prohibits the commitment of assistance after September 30, 1991. Makes technical amendments.

Authorizes appropriations for fiscal year 1982 to assist the Administrator in the establishment of the business loan program.

Title III: Miscellaneous Amendments - Extends veterans' readjustment appointments in the civil service program through September 30, 1983.

What's happening now November 3, 1981

For Further Action See H.R.3499.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Republican 1