Veterans Entrepreneurship Act of 2015
Latest action · Jul 28, 2015 Became Public Law No: 114-38.
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.
- IntroducedMay 21, 2015
- Passed HouseJul 13, 2015
- Passed SenateJul 23, 2015
- To the PresidentJul 27, 2015
- Became lawJul 28, 2015
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.
Recorded votes 1
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 434 | On Motion to Suspend the Rules and Pass, as Amended | Passed410–1 | Jul 13, 2015 |
Cosponsors 6
Members who signed on, in the order they did. All signed on May 21, 2015.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Carlos Curbelo | Original | May 21, 2015 |
| R-NY | Christopher P. Gibson | Original | May 21, 2015 |
| R-IL | Mike Bost | Original | May 21, 2015 |
| R-NY | Richard L. Hanna | Original | May 21, 2015 |
| R-CA | Stephen Knight | Original | May 21, 2015 |
| R-SC | Tom Rice | Original | May 21, 2015 |
Actions 27
Everything that happened, newest first.
- Jul 28, 2015Became Public Law No: 114-38.
- Jul 28, 2015Signed by President.
- Jul 27, 2015DEBATE - 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, 2015Motion to reconsider laid on the table Agreed to without objection.
- Jul 27, 2015Mr. Chabot moved that the House suspend the rules and agree to the Senate amendment. (consideration: CR H5508-5510)
- Jul 27, 2015On 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, 2015Presented to President.
- Jul 27, 2015Resolving 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 24, 2015Message on Senate action sent to the House.
- Jul 23, 2015Measure laid before Senate by unanimous consent. (consideration: CR S5558)
- Jul 23, 2015Passed Senate with an amendment by Unanimous Consent.
- Jul 23, 2015Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
- Jul 14, 2015Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 149.
- Jul 13, 2015At 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, 2015Considered as unfinished business. (consideration: CR H5104-5105)
- Jul 13, 2015Considered under suspension of the rules. (consideration: CR H5101-5102)
- Jul 13, 2015DEBATE - The House proceeded with forty minutes of debate on H.R. 2499.
- Jul 13, 2015Motion to reconsider laid on the table Agreed to without objection.
- Jul 13, 2015Mr. Chabot moved to suspend the rules and pass the bill, as amended.
- Jul 13, 2015On 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, 2015Passed/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)
- Jun 25, 2015Placed on the Union Calendar, Calendar No. 139.
- Jun 25, 2015Reported (Amended) by the Committee on Small Business. H. Rept. 114-187.
- Jun 10, 2015Committee Consideration and Mark-up Session Held.
- Jun 10, 2015Ordered to be Reported (Amended) by Voice Vote.
- May 21, 2015Introduced in House
- May 21, 2015Referred to the House Committee on Small Business.
Amendments 1
Amendments offered to this bill.
| Amendment | Description | Offered by | Status |
|---|---|---|---|
| SA 2326 | To improve the bill. | David Vitter R-LA | Amendment SA 2326 agreed to in Senate by Unanimous Consent. |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3191 | To amend the Consolidated and Further Continuing Appropriations Act, 2015 with respect to funding available for fiscal year 2015 for certain general business loans authorized under the Small Business Act, to amend the Small Business Act to modify loan lim | Related bill | Jul 23, 2015 |
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 6
Each version as it was printed, newest first.
- —Enrolled Bill
- Jul 23, 2015Engrossed Amendment Senate
- Jul 14, 2015Placed on Calendar Senate
- Jul 13, 2015Engrossed in House
- Jun 25, 2015Reported in House
- May 21, 2015Introduced 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.