Congress 114 - HR 2499 - Veterans Entrepreneurship Act of 2015

Sponsor

Cosponsors

Topics

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

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Votes

Summary

(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.

Actions

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

Amendments

Related Bills