[Congressional Record Volume 171, Number 132 (Thursday, July 31, 2025)]
[Senate]
[Pages S5068-S5069]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 3259. Mr. TUBERVILLE submitted an amendment intended to be
proposed by him to the bill S. 2296, to authorize appropriations for
fiscal year 2026 for military activities of the Department of Defense,
for military construction, and for defense activities of the Department
of Energy, to prescribe military personnel strengths for such fiscal
year, and for other purposes; which was ordered to lie on the table; as
follows:
At the end of subtitle F of title X, add the following:
SEC. 1067. INCLUSION OF SURVIVING CHILDREN IN SMALL BUSINESS
CONCERN OWNED AND CONTROLLED BY SERVICE-
DISABLED VETERANS DEFINITION.
Section 3(q) of the Small Business Act (15 U.S.C. 632(q))
is amended--
(1) in paragraph (2), by adding at the end the following:
``(D)(i) During the time period described in clause (ii), a
small business concern that was a small business concern
described in subparagraph (A) or (B) immediately prior to
[[Page S5069]]
the death of a service-disabled veteran who was the owner of
the concern, the death of whom causes the concern to be less
than 51 percent owned by 1 or more service-disabled veterans,
if--
``(I) a surviving child of the deceased veteran acquires
such veteran's ownership interest in such concern; and
``(II) immediately prior to the death of such veteran and
during the period described in clause (ii), the small
business concern is included in the database described in
section 36.
``(ii) The time period described in this clause is the time
period beginning on the date of the veteran's death and
ending on the earlier of--
``(I) the date on which the surviving child relinquishes an
ownership interest in the small business concern; or
``(II) the date that is 3 years after the date of the
veteran's death.''; and
(2) by adding at the end the following:
``(8) Surviving child.--The term `surviving child' means a
biological or legally adopted child of a service-disabled
veteran.''.
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