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The White House
Office of the Press Secretary
For Immediate Release
July 28, 2015
Statement by the Press Secretary on H.R. 2499
On Tuesday, July 28, 2015, the President signed into law:
H.R. 2499, the "Veterans Entrepreneurship Act of 2015," which prohibits the Small Business Administration (SBA) from collecting a guarantee fee in connection with an express loan made under its 7(a) Loan Program to a veteran or spouse of a veteran; and increases lending authority for SBA's 7(a) Loan Program for FY 2015 from $18.75 billion to $23.5 billion.