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Veterans' Business Loans: Waiving Guarantee Fees for Small Business Financing.

This law eliminates the federal guarantee fee on certain small business loans provided to veterans, their spouses, and surviving spouses. The goal is to reduce the financial burden of starting or expanding a small business for these individuals. The fee waiver applies to loans where the guaranteed portion does not exceed $1 million.
Key points
Veterans, their spouses, and specific reserve members/surviving spouses are exempt from paying the federal guarantee fee on certain Small Business Administration (SBA) loans.
This change lowers the cost of financing for veteran entrepreneurs, making it easier to access capital for loans up to $1 million in guaranteed amount.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_3136
Sponsor: Sen. Shaheen, Jeanne [D-NH]
Process start date: 2025-11-06
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Heroes Business Opportunity Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3136.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-11-06.

What are the main provisions?

Key points include:

  • Veterans, their spouses, and specific reserve members/surviving spouses are exempt from paying the federal guarantee fee on certain Small Business Administration (SBA) loans.
  • This change lowers the cost of financing for veteran entrepreneurs, making it easier to access capital for loans up to $1 million in guaranteed amount.
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 Sen. Shaheen, Jeanne [D-NH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

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