To amend the Small Business Act to include surviving children in the definition of small business concern owned and controlled by service-disabled veterans, and for other purposes.

This bill updates the Small Business Act so that the surviving children of a service‑disabled veteran can be counted as owners and controllers of a “service‑disabled veteran‑owned” small business. This change would let these businesses keep access to the federal programs and contract set‑asides that are tied to that status, even after the veteran has passed away.

Key points:

• Who is affected: Small businesses connected to service‑disabled veterans, especially those now run by surviving children.
• What changes: The legal definition of a service‑disabled veteran‑owned small business is expanded to include surviving children as eligible owners/controllers.
• Why it matters: Helps families keep their businesses and the benefits that come with the designation, supporting stability after the loss of the veteran.