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Support for Veteran Businesses: Surviving Children Can Take Over.

New rules allow children of deceased veterans who owned small businesses to continue operating with the veteran-owned business status. This helps these businesses remain eligible for support programs, ensuring job stability and financial security for the families.
Key points
Children of deceased veterans can take over the business and maintain its veteran-owned status.
This status is maintained for 3 years from the veteran's death or until the child relinquishes ownership.
The change aims to support veteran families and ensure business continuity.
article Official text account_balance Process page
Introduced
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Additional Information
Print number: 119_HR_3195
Sponsor: Rep. Moore, Barry [R-AL-1]
Process start date: 2025-05-05
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Summarized by: gemini-2.5-flash-preview-05-20
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 119_HR_3195.

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 2025-05-05.

What are the main provisions?

Key points include:

  • Children of deceased veterans can take over the business and maintain its veteran-owned status.
  • This status is maintained for 3 years from the veteran's death or until the child relinquishes ownership.
  • The change aims to support veteran families and ensure business continuity.
What is the specific legal status?

The current status is Introduced.

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-1].

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 2025-12-22.

CATEGORIES

Benefits Economy Family