R42695 – SBA Veterans Assistance Programs: An Analysis of Contemporary Issues – 2016-08-25

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SBA Veterans Assistance Programs: An Analysis of Contemporary Issues

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Author: Robert Jay Dilger, Senior Specialist in American National Government; Sean Lowry, Analyst in Public Finance
Pages: 33

This report opens with an examination of the economic circumstances of veteran-owned businesses drawn from the Bureau of the Census’s 2007 Survey of Business Owners (SBO) and preliminary results from the 2012 SBO. It then provides a brief overview of veterans’ employment experiences, comparing unemployment and labor force participation rates for veterans, veterans who have left the military since September 2001, and nonveterans. The report also describes the employment assistance programs offered by several federal agencies to assist veterans in their transition from the military to the civilian labor force and examines, in greater detail, the SBA’s veteran business development programs, the SBA’s efforts to assist veterans’ access to capital, and the SBA’s veteran contracting programs. It also discusses the SBA’s Military Reservist Economic Injury Disaster Loan program and P.L. 114-38, the Veterans Entrepreneurship Act of 2015, which authorized and made permanent the SBA’s current practice of waiving the SBAExpress loan program’s one time, up-front loan guarantee fee for veterans (and their spouse). Bills: H.R. 83, H.R. 2029, H.R. 1568, H.R. 4072, H.R. 2352, H.R. 2499, H.R. 3248, H.R. 1694, H.R. 2882, H.R. 4435, S. 1866, S. 2127, S. 2143, S. 1870, S. 3572, S. 633, S. 2334