Bill · H.R. 3195· House(119-HR-3195)
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.
- Introduced
- 5/5/2025
- Last activity
- 5/5/2025 — Referred to the House Committee on Small Business.
- Sponsored by
- Barry Moore
- Cosponsors
- - 3 - 2
- Introduced
- In Committee
What this bill would do
This bill proposes an amendment to the Small Business Act. It aims to change the definition of a small business concern owned and controlled by service-disabled veterans. Specifically, it seeks to include surviving children in this definition. This would apply if a child acquires the ownership interest of a deceased service-disabled veteran. The provision would remain in effect for up to three years after the veteran's death or until the child relinquishes ownership.
Yes· 3 of 4
Would business owners be better off under this?+5
The bill aids small business owners by ensuring ownership transfers can maintain specific federal statuses.
Would veterans be better off under this, taking everything together?+5
The bill directly benefits the legacies and family support systems of service-disabled veterans.
Does this make it easier to run a small business?+5
The bill provides continuity for small businesses owned by service-disabled veterans by allowing surviving children to maintain specific business status.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Protection of family-owned businesses: By including surviving children, a small business concern that was previously owned by a service-disabled veteran can maintain its status even if the veteran passes away and the ownership drops below 51 percent (Section 1).
-
Support for bereaved families: A biological or legally adopted child of a deceased service-disabled veteran can acquire the veteran's ownership interest and maintain the business's specific classification for a period of up to 3 years (Section 1).
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For Veterans+5
- Economy And Finance
- Improves Small Business Support+5
- National Security And Foreign Policy
- Improves Veterans Benefits+5
- 9/14/2026
- 1 Cosponsor added.
- 11/12/2025
- 1 Cosponsor added.
- 5/6/2025
- 1 Cosponsor added.
- 5/5/2025
- Referred to the House Committee on Small Business.
- 2 Cosponsors added.
- Introduced in House
Jake EllzeyRepublican · Texas
Shomari FiguresDemocrat · Alabama
Jimmy PatronisRepublican · Florida
Mike RogersRepublican · Alabama
Terri SewellDemocrat · Alabama