All Information (Except Text) for S.1998 - Veterans Small Business Ownership Improvements Act116th Congress (2019-2020) |
|Sponsor:||Sen. Gardner, Cory [R-CO] (Introduced 06/26/2019)|
|Committees:||Senate - Small Business and Entrepreneurship|
|Latest Action:||Senate - 06/26/2019 Read twice and referred to the Committee on Small Business and Entrepreneurship. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|06/26/2019||Introduced in Senate|
06/26/2019 Introduced in Senate
All Actions (1)
|06/26/2019||Read twice and referred to the Committee on Small Business and Entrepreneurship.|
Action By: Senate
06/26/2019 Read twice and referred to the Committee on Small Business and Entrepreneurship.
|Sen. Kaine, Tim [D-VA]*||06/26/2019|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Small Business and Entrepreneurship||06/26/2019||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
- Business education
- Congressional oversight
- Credit and credit markets
- Government lending and loan guarantees
- Government studies and investigations
- Military personnel and dependents
- Minority and disadvantaged businesses
- National Guard and reserves
- Performance measurement
- Public contracts and procurement
- Small business
- Veterans' education, employment, rehabilitation
- Women in business
Latest Summary (1)
Introduced in Senate (06/26/2019)
Veterans Small Business Ownership Improvements Act
This bill establishes new veteran entrepreneurial development programs within the Small Business Administration (SBA) and makes adjustments to existing programs to provide access for veterans.
Specifically, the bill authorizes the SBA to make grants to private nonprofit organizations to establish veteran's business outreach centers. Each center must provide individual counseling to small businesses, as well as training and counseling through online and in-person workshops and seminars.
The bill also provides statutory authority for the Boots to Business Program, which provides entrepreneurship training to individuals including veterans and active members of the Armed Forces. The SBA must designate an individual in each district office as a veterans business development officer, who shall coordinate activities of the district office with entities receiving assistance under the program. The SBA must also establish an online tool to coordinate and aid the work of veterans' small business assistance providers.
Finally, the SBA must develop the existing network of peer-to-peer counseling and mentoring resources that are available to veteran-owned small businesses as components of SBA programs. The SBA must also establish an online resource for veterans regarding all of the entrepreneurial development programs of the SBA.
The Government Accountability Office shall report on the ability of veteran-owned small businesses to access credit, including an analysis of the sources of credit and the default rate for such businesses.