Today, U.S. Sen. David Vitter (R-La.), Chairman of the Senate Committee on Small Business & Entrepreneurship, made the following statement following the passage of the Veterans Small Business Ownership Improvements Act of 2015 (S.1866) through the Committee with unanimous bipartisan support. Additionally, the Committee favorably reported four other bills and a Sense of the Committee Resolution related to small business tax reform to the Senate floor.
“Our role on the Small Business Committee allows us to advocate for America’s entrepreneurs, and that certainly includes our veterans,” said Vitter. “The legislation we passed through Committee today will support our brave servicemen and women as they transition into civilian life and support their communities in their new role as a small business owner.”
The Veterans Small Business Owners Improvement Act of 2015 would authorize the Small Business Administration’s (SBA) “Boots to Business,” Women Veterans Business Training, Business Training for Service Disabled Veterans, and Veterans Business Outreach Center programs, and would specifically:
In addition to the Vitter-Shaheen bill, two additional veteran-related bills passed out of Committee:
Additionally, the Committee reported a Sense of the Committee on the Small Business Tax Compliance Relief Act of 2015 (S.1827). The SBC held a hearing on the Vitter-authored legislation in early July.
“The administrative burden of tax compliance for small businesses is now a greater strain on small business than their actual tax liability,” said Vitter. “It is the Sense of the Senate Small Business Committee that the Senate should pass this broadly bipartisan, common sense legislation to help America’s small business owners comply with stringent, stifling rules and regulations.”
This week’s business meeting marks the third the Committee has held this Congress. Vitter, as Chairman, has now passed 15 bipartisan bills and two bipartisan Committee resolutions out of the Committee in 7 months. Click here for more information.