Military Reservist and Veteran Small Business Reauthorization Act of 2007
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 28, 2007)
Military Reservist and Veteran Small Business Reauthorization Act of 2007 - 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.
What just happenedMar 28, 2007
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S4051-4053)
Who’s behind it
- Introduced in SenateMar 28, 2007
- Mar 28, 2007IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S4051-4053)
Small Business and Entrepreneurship Committee - Mar 28, 2007IntroReferralB00100
Sponsor introductory remarks on measure. (CR S4050-4051)
- Mar 28, 2007IntroReferral10000
Introduced in Senate