Section 1 Short title
This Act may be cited as the “Veteran Small Business Export Promotion Act”.
Veteran Small Business Export Promotion Act
A BILL
To amend the Small Business Act to waive the guarantee fee for veterans and spouses of veterans for the Export Working Capital, International Trade, and Export Express programs.
Sec. 2 Permanent loan guarantee fee waivers for veterans
Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended—
in paragraph (14)(B)(ii), by adding at the end the following:
“(III) Guarantee fee waiver for veterans
“(aa) Definition—In this subclause, the term veteran or spouse of a veteran has the meaning given the term in paragraph (31)(G)(iii).
“(bb) Guarantee fee waiver—The Administrator may not collect a guarantee fee described in paragraph (18) in connection with a loan made under this paragraph, or any successor to the program established under this paragraph, to a veteran or spouse of a veteran on or after October 1 of the first fiscal year beginning after the date of enactment of this subclause.
“(cc) Exception—If the President’s budget for the upcoming fiscal year, submitted to Congress pursuant to section 1105(a) of title 31, United States Code, includes a cost for the program established under this subsection that is above zero, the requirements of item (bb) shall not apply to loans made during such upcoming fiscal year.”
in paragraph (16), by adding at the end the following:
“(G) Guarantee fee waiver for veterans
“(i) Definition—In this subparagraph, the term veteran or spouse of a veteran has the meaning given the term in paragraph (31)(G)(iii).
“(ii) Guarantee fee waiver—The Administrator may not collect a guarantee fee described in paragraph (18) in connection with a loan made under this paragraph, or any successor to the program established under this paragraph, to a veteran or spouse of a veteran on or after October 1 of the first fiscal year beginning after the date of enactment of this subparagraph.
“(iii) Exception—If the President’s budget for the upcoming fiscal year, submitted to Congress pursuant to section 1105(a) of title 31, United States Code, includes a cost for the program established under this subsection that is above zero, the requirements of clause (ii) shall not apply to loans made during such upcoming fiscal year.”
in paragraph (34), by adding at the end the following:
“(D) Guarantee fee waiver for veterans
“(i) Definition—In this subparagraph, the term veteran or spouse of a veteran has the meaning given the term in paragraph (31)(G)(iii).
“(ii) Guarantee fee waiver—The Administrator may not collect a guarantee fee described in paragraph (18) in connection with an express loan made under this paragraph, or any successor to the program established under this paragraph, to a veteran or spouse of a veteran on or after October 1 of the first fiscal year beginning after the date of enactment of this subparagraph.
“(iii) Exception—If the President’s budget for the upcoming fiscal year, submitted to Congress pursuant to section 1105(a) of title 31, United States Code, includes a cost for the program established under this subsection that is above zero, the requirements of clause (ii) shall not apply to express loans made during such upcoming fiscal year.”