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Removes certain SBA guarantee fees and lowers minimum borrower equity requirements for small loans of $1,000,000 or less made to veterans or spouses of veterans, and requires the SBA to collect and publish participation data for those covered persons. The bill adds a statutory definition of “veteran or spouse of a veteran,” amends loan guarantee and small investment rules to allow reduced equity injections for qualifying veteran loans (with a reference to SBA SOP 50 10, v.8), and directs SBA to publish program participation data on its website and include it in budget justification materials.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced November 10, 2025 by Edward John Markey · Last progress November 10, 2025