By excluding loans to veterans from the member business loan cap, this bill will provide veterans with greater access to the financial resources they need to start and grow their businesses. Supporting veteran-owned businesses not only honors their service but also stimulates local economies and creates jobs. Veterans have sacrificed for our country, and it is our duty to ensure they have the opportunities and support they deserve when they return to civilian life.
The bill is sponsored by Representatives Brian Fitzpatrick (R-PA) and Vicente Gonzalez (D-TX) and was reintroduced to the new session of Congress on January 16, 2025. It has been referred to the House Committee on Financial Services for further consideration.