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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.
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.
Summary
This bill would amend the Small Business Act to allow surviving children of deceased service-disabled veterans to maintain the service-disabled veteran-owned small business designation. Currently, when a service-disabled veteran dies, the business loses this designation because it is no longer owned by a service-disabled veteran. The bill would allow a surviving biological or legally adopted child to inherit the veteran's ownership interest and retain the designation for up to 3 years after the veteran's death. The provision applies only to businesses that were registered in the SBA database before the veteran's death.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Moore, Barry [R-AL-1] (R-AL)
4 cosponsors
Actions (2)
- May 5, 2025 Referred to the House Committee on Small Business. · house
- May 5, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
May 5, 2025
Mr. Moore of Alabama (for himself, Mr. Ellzey, and Ms. Sewell) introduced the following bill; which was referred to the Committee on Small Business
A BILL
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. INCLUSION OF SURVIVING CHILDREN IN SMALL BUSINESS CONCERN OWNED AND CONTROLLED BY SERVICE-DISABLED VETERANS DEFINITION.
Section 3(q) of the Small Business Act (15 U.S.C. 632(q)) is amended—
(1) in paragraph (2), by adding at the end the following new subparagraph:
“(D)(i) During the time period described in clause
(ii), a small business concern that was a small business concern described in subparagraph (A) or (B) immediately prior to the death of a service-disabled veteran who was the owner of the concern, the death of whom causes the concern to be less than 51 percent owned by one or more service-disabled veterans, if—
“(I) a surviving child of the deceased veteran acquires such veteran’s ownership interest in such concern; and
“(II) immediately prior to the death of such veteran and during the period described in clause (ii), the small business concern is included in the database described in section 36.
“(ii) The time period described in this clause is the time period beginning on the date of the veteran’s death and ending on the earlier of—
“(I) the date on which the surviving child relinquishes an ownership interest in the small business concern; or
“(II) the date that is 3 years after the date of the veteran’s death.”; and
(2) by adding at the end the following new paragraph:
“(8) Surviving child.—The term ‘surviving child’ means a biological or legally adopted child of a service-disabled veteran.”. <all>
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