Veteran Entrepreneurship Empowerment Act

Senate Bill

S. 3171

119th Congress

Veteran Entrepreneurship Empowerment Act

In Committee

Introduced:Nov 10, 2025

Primary Sponsor

Edward J. Markey

Senator

Democratic

MA

Cosponsors

0

Quick Stats

Policy Area

Health

Summary

The Veteran Entrepreneurship Empowerment Act would waive the guarantee fee for certain small business loans made to veterans and their spouses. This would make it easier for veteran-owned businesses to access affordable financing to start or grow their companies.

Latest Action

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

AI Summary

Plain-English explanation of this bill

The Veteran Entrepreneurship Empowerment Act would waive the guarantee fee for certain small business loans made to veterans and their spouses. This would make it easier for veteran-owned businesses to access affordable financing to start or grow their companies.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Reducing Obesity in Youth Act of 2023 This bill requires the Centers for Disease Control and Prevention, in coordination with the Administration for Children and Families, to award grants to nonprofits, institutions of higher education, or consortia of these entities to promote healthy eating and physical activity and address food insecurity among children in early care and education settings.

Key Points

Main provisions of the bill

Waives the guarantee fee on small business loans of $1 million or less for veterans and their spouses
This aims to improve access to capital for veteran entrepreneurs, who often face barriers in obtaining business financing
Data shows veteran-owned businesses are less likely to close or fail than non-veteran owned firms

How This Impacts Americans

Potential effects on citizens and communities

If enacted, this bill would directly benefit veteran entrepreneurs and their spouses by lowering the costs of getting a small business loan. This could encourage more veterans to start their own companies and support the growth of existing veteran-owned businesses across the country.

Policy Areas

Primary Policy Area

Health

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3171, 119th Congress (2025). "Veteran Entrepreneurship Empowerment Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-3171