[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3263 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 3263

    To amend section 7(a) of the Small Business Act to exempt small 
   business concerns owned and controlled by veterans who have been 
discharged or released from military service for less than 5 years from 
                            guarantee fees.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 8, 2001

 Mr. Pascrell introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
    To amend section 7(a) of the Small Business Act to exempt small 
   business concerns owned and controlled by veterans who have been 
discharged or released from military service for less than 5 years from 
                            guarantee fees.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Veterans' Small Business Relief Act 
of 2001''.

SEC. 2. EXEMPTION OF SMALL BUSINESS CONCERNS OWNED AND CONTROLLED BY 
              VETERANS FROM GUARANTEE FEES.

    Section 7(a)(18) of the Small Business Act (15 U.S.C. 636(a)(18)) 
is amended by adding at the end the following new subparagraph:
                    ``(C) Exemption.--In the case of loans guaranteed 
                under this subsection to a small business concern owned 
                and controlled by veterans who were discharged or 
                released from military service not more than 5 years 
                before the date of the application for such loan, no 
                guarantee fee shall be collected by the Administration 
                or charged to the borrower.''.
                                 <all>