S 3171
Veteran Entrepreneurship Empowerment Act
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Bill overview
The Veteran Entrepreneurship Empowerment Act aims to improve access to capital for veteran and veteran spouse entrepreneurs. It proposes to waive guarantee fees for small business loans meeting specific criteria, including those under $1,000,000 and made to veteran-owned businesses. The bill also modifies existing legislation to encourage equity injections in these loans and requires the Small Business Administration to collect and report data on veteran entrepreneurship programs. It seeks to address identified barriers veterans face in securing financing for their businesses.
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