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H.R. 2499: Veterans Entrepreneurship Act of 2015

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H.R. 2499: Veterans Entrepreneurship Act of 2015

114th Congress · introduced 2015-05-21 · Commerce · Latest: Became Public Law No: 114-38.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2015-05-21 · official record
  2. Who proposed it: Rep. Chabot, Steve [R-OH-1] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 434 (2015): On Motion to Suspend the Rules and Pass, as Amended, HR2499 (2015-07-13), Passed. See all
  4. Where it stands now: Became Public Law No: 114-38. (final step reached)
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Veterans Entrepreneurship Act of 2015

Plain 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.

Congressional Research Service summary (Public Law), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Veterans Entrepreneurship Act of 2015

Source: Congressional Research Service summary (Public Law)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Chabot, Steve [R-OH-1] · 6 cosponsors

Cost estimate: CBO cost estimate: H.R. 2499, Veterans Entrepreneurship Act of 2015 (2015-06-25)

Cosponsors on this site

Mike Bost (R-IL)

Recorded votes

Words on this page, explained (2)
Appropriation
Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Fiscal year
The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong114-hr2499 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114