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Veteran Business Support: Surviving Children Can Maintain Small Business Status.

This law aims to protect small businesses owned by service-disabled veterans following the veteran's death. It allows the veteran's biological or adopted children who acquire ownership to temporarily maintain the business's special status (SDVOSB) for up to three years. This provision ensures the family has time to manage the transition while the business retains access to federal contracts and support programs.
Key points
Surviving children of service-disabled veterans can temporarily take over the veteran's business status after their death, ensuring business continuity.
This special status (SDVOSB) is maintained for a maximum of three years, allowing the business to retain access to federal contracts and support programs.
The change applies to biological or legally adopted children who acquire the deceased veteran's ownership interest.
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Additional Information
Print number: 118_HR_9930
Sponsor: Rep. Moore, Barry [R-AL-2]
Process start date: 2024-10-04
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Small Business Act to include surviving children in the definition of small business concern owned and controlled by service-disabled veterans, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9930.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-10-04.

What are the main provisions?

Key points include:

  • Surviving children of service-disabled veterans can temporarily take over the veteran's business status after their death, ensuring business continuity.
  • This special status (SDVOSB) is maintained for a maximum of three years, allowing the business to retain access to federal contracts and support programs.
  • The change applies to biological or legally adopted children who acquire the deceased veteran's ownership interest.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Moore, Barry [R-AL-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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