U.S. Senate Committee on Small Business & Entrepreneurship

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Veterans & Reservist Employees

As brave American men and women continue to serve around the world, the Committee on Small Business and Entrepreneurship recognizes the economic hardships that small businesses can suffer as owners and key employees are deployed. The Committee is also responsible for overseeing assistance for helping veterans start or expand a business and access federal contracts.

The Small Business Administration is charged with coordinating efforts to provide business training and counseling services to veterans as well as offering loans to small businesses which face economic hardships because of owner or employee deployments.

In 2008 Congress passed and the President signed into law bipartisan legislation to improve the Office of Veteran Business Development, establish an interagency task force, reduce loan fees for veterans, increase business training and counseling, and improve the Military Reservist Economic Injury Disaster Loan Program by extending the deadline and creating a pre-deployment loan approval process.

Press Releases
12/11/08 Kerry-Snowe Investigation Reveals Veterans Corporation Abused Taxpayer Dollars
06/04/08 Senate Approves $101 Million Budget Increase for Small Business Programs
03/04/08 Committee Announces Investigation of Veterans Business Center Funding Management
02/28/08 Kerry Presses Administration to Implement Veterans Program Signed into Law
02/15/08 Veteran, Reservist Small Business Bill Signed into Law

Statements
05/14/08 Kerry Opening Statement on Reducing Unemployment and Increasing Business Opportunities for Veterans
07/12/07 Kerry Statement on the Military Reservist and Veteran Small Business Reauthorization and Opportunity Act of 2007
03/28/07 Kerry Statement on the Military Reservist and Veteran Small Business Reauthorization Act of 2007
01/31/07 Kerry Opening Statement at Hearing on "Assessing Federal Small Business Assistance Programs for Veterans and Reservists"
01/31/07 Kerry Statement on The Active Duty Military Tax Relief Act of 2007

Articles
12/11/08 Nonprofit Formed to Help Veterans Wasted Large Sum, Senate Report Says
05/23/08 Reservist Payroll Credit Approved
03/05/08 Lawrence center for veterans may close
03/05/08 Flint-based VetBizCentral may be forced to close; Funding cuts spark Senate investigation
03/05/08 Congressional committee investigates Veterans Corp.