Waives guarantee fees for certain business loans made to veterans and spouses of veterans.
The Veteran Entrepreneurship Empowerment Act waives guarantee fees for certain business loans made to veterans and spouses of veterans. It also reduces the minimum equity injection percentage for such loans. The bill defines "veteran or spouse of a veteran" to include veterans, individuals eligible for the Transition Assistance Program, members of reserve components, and spouses or surviving spouses of such individuals. The Small Business Administration must collect and publish data on the participation of these individuals in various loan programs.
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