Veteran-Owned Small Business Promotion Act of 2009
Latest action · Sep 24, 2009 Subcommittee Hearings Held.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 8, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Veteran-Owned Small Business Promotion Act of 2009 - Reinstates (under current law, terminated as of the end of FY1986) the veteran-owned small business loan program, under which the Secretary of Veterans Affairs may provide loans to veteran-owned small businesses for: (1) financing plant construction, conversion, or expansion; (2) financing the acquisition of equipment, facilities, machinery, supplies, or materials; or (3) supplying working capital.
Makes eligible for such loans small business owners who are veterans and have a disability rated at 10% (under current law, 30%) or more, and includes all veterans (under current law, limited to Vietnam era veterans and veterans discharged or released due to a disability incurred or aggravated in the line of duty).
Repeals the authority to make direct loans under the program (thereby allowing only loan guaranties).
Increases from $200,000 to $500,000 the maximum loan guaranty amount.
Authorizes the Secretary to subsidize a loan lender in order to reduce by up to 1/2% the interest rate paid by the veteran-owned small business.
Includes under a loan preference members of the National Guard and reserves activated in support of the Global War on Terrorism.
Limits performance bond requirements of veteran-owned small businesses with respect to the construction, alteration, or repair of any Department of Veterans Affairs (VA) public building or public work.
Treats a small business owned and controlled by veterans as a socially and economically disadvantaged small business for purposes of contracts awarded to the latter businesses under provisions of the Small Business Act.
Cosponsors 19
Members who signed on, in the order they did. Signatures ran from Jan 8, 2009 to Oct 22, 2009; 5 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Ginny Brown-Waite | Original | Jan 8, 2009 |
| R-FL | Gus M. Bilirakis | Original | Jan 8, 2009 |
| R-AR | John Boozman | Original | Jan 8, 2009 |
| R-FL | Thomas J. Rooney | Original | Jan 8, 2009 |
| R-FL | Vern Buchanan | Original | Jan 8, 2009 |
| R-CA | Brian P. Bilbray | Jan 13, 2009 | |
| R-FL | Jeff Miller | Jan 23, 2009 | |
| R-SC | Henry E. Brown, Jr. | Jan 26, 2009 | |
| R-OH | Robert E. Latta | Jan 27, 2009 | |
| D-VA | Glenn C. Nye | Jan 28, 2009 | |
| R-SC | Joe Wilson | Jan 28, 2009 | |
| R-PA | Tim Murphy | Feb 24, 2009 | |
| D-IN | André Carson | Mar 16, 2009 | |
| R-TX | Kenny Marchant | May 13, 2009 | |
| R-LA | Bill Cassidy | May 21, 2009 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Veterans' Affairs Committee | Referred Jan 8, 2009 |
| Economic Opportunity Subcommittee | Referred Jan 9, 2009Hearings Sep 24, 2009 |
Actions 5
Everything that happened, newest first.
- Sep 24, 2009Subcommittee Hearings Held.
- Jan 9, 2009Referred to the Subcommittee on Economic Opportunity.
- Jan 8, 2009Introduced in House
- Jan 8, 2009Sponsor introductory remarks on measure. (CR E45-46)
- Jan 8, 2009Referred to the House Committee on Veterans' Affairs.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E45 | Steve Buyer R-IN | Jan 8, 2009 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 2
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 111-59 | U.S. DEPARTMENT OF VETERANS AFFAIRS BUDGET REQUEST FOR FY 2011 AND FY 2012119 pages | Veterans' Affairs Committee | Feb 4, 2010 |
| Serial No. 111-45 | LEGISLATIVE HEARING ON H.R. 294, H.R. 1169, H.R. 1182, H.R. 2416, H.R. 2461, H.R. 2614, H.R. 2696, H.R. 2874, H.R. 2928, H.R. 3223, H.R. 3554, H.R. 3561, H.R. 3577, AND H.R. 3579113 pages | Veterans' Affairs Committee | Sep 24, 2009 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend title 38, United States Code, to provide for the reauthorization of the Department of Veterans Affairs small business loan program, and for other purposes.
- Short Titles as Introduced
- Veteran-Owned Small Business Promotion Act of 2009
Subjects
Assigned by the Library of Congress. Policy area: Armed Forces and National Security.
- Armed Forces and National Security
- Business investment and capital
- Department of Veterans Affairs
- Disability and paralysis
- Government buildings, facilities, and property
- Government lending and loan guarantees
- Interest, dividends, interest rates
- National Guard and reserves
- Public contracts and procurement
- Small business
- Terrorism
- Veterans' education, employment, rehabilitation
- Veterans' loans, housing, homeless programs
Text 1
Each version as it was printed, newest first.
- Jan 8, 2009Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
