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Bill Summary

Page_white_text S1005: A bill to amend the Small Business Act to improve programs for veterans, and for other purposes    [0 comments]
  • Amends the Small Business Act to: (1) authorize grants of up to $25,000 for small business assistance for members of the reserves called or ordered to active duty (reservists); (2) allow the Administrator of the Small Business Administration (SBA) to make noncollateralized small business loans to such reservists; (3) direct the Administrator to establish a loan preapproval process for small business loans to such reservists; and (4) direct the Administrator to develop an outreach and technical assistance program with respect to loans and grants made to such reservists.
  • National Reservist Enterprise Transition and Sustainability Act of 2007 - Directs the Administrator to establish a program to provide business planning assistance to small businesses owned and operated by reservists.
  • Authorizes SBA loans of up to $100,000 to new veteran entrepreneurs.
  • Provides increased funding for FY2008-FY2010 for the SBA's Office of Veterans Business Development.
  • Extends permanently the SBA's Advisory Committee on Veterans Business Affairs.
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Additional Information
WorldS1005 at GovTrack BookS1005 at the Library of Congress
Sponsor

Photo Democrat
Massachusetts
http://kerry.senate.gov/

Co-Sponsors
Sen. Benjamin Cardin [D, MD]
Sen. Charles Hagel [R, NE]
Sen. Mark Pryor [D, AR]
Sen. Jon Tester [D, MT]
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