Wednesday, January 16, 2008

House Seeks to Expand SBA Programs for Veterans

The House on Wednesday sent the Senate a revised version of legislation to expand Small Business Administration programs for veterans and military reservists.
By 406-2, the House accepted some of the changes the Senate made earlier to the bill while making some of its own.
The bill, sponsored by Rep. Jason Altmire , D-Pa., would reauthorize SBA programs for veterans and reservists for two years and include $4.4 million to support Veterans Business Outreach Centers. It also would allow the SBA to offer loans of up to $50,000 without requiring collateral from a loan applicant.

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