Bill · S. 3136· Senate(119-S-3136)
Heroes Business Opportunity Act of 2025
- Introduced
- 11/6/2025
- Last activity
- 11/6/2025 — Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Sponsored by
- Jeanne Shaheen
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
The "Heroes Business Opportunity Act of 2025" aims to stop the collection of guarantee fees for specific business loans. These waivers apply to loans made to small business concerns owned by veterans or their spouses. To qualify, the loan cannot be made under paragraph (36) or (37), and the deferred participation share must not exceed $1,000,000. The bill also defines who qualifies as a veteran or spouse of a veteran.
Yes· 3 of 14
Would veterans be better off under this, taking everything together?+9
Directly provides a financial incentive and cost reduction for veteran-owned businesses.
Does this make it easier to run a small business?+7
Directly reduces the cost of obtaining guaranteed business loans for a specific subset of small businesses.
Would business owners be better off under this?+6
Directly benefits business owners who are veterans or spouses of veterans.
The opposite
Does this reduce what the federal government owes?-1
Waiving guarantee fees results in a loss of government revenue.
Does this make the government pay for what it commits to?-1
Reduces revenue collected by the SBA from guarantee fees.
Who it would affect, and how
Potential Positive Impacts for People
-
Cost Reduction for Veteran-Owned Businesses: The Administration may not collect a guarantee fee for loans made to small business concerns owned by veterans or their spouses, provided the loan meets specific criteria (Section 2).
-
Broad Support for Military Families: The waiver extends to spouses of veterans, individuals eligible for the Transition Assistance Program, members of a reserve component of the Armed Forces, and surviving spouses of those who died on active duty or from service-connected disabilities (Section 2).
Potential Negative Impacts for People
-
Exclusion of Certain Loan Types: The guarantee fee waiver is not available for loans made under paragraph (36) or (37), meaning people using those specific loan types will not benefit from this bill (Section 2).
-
Loan Amount Limit: The benefit is limited to loans where the deferred participation share of the total loan amount is not more than $1,000,000, excluding those with higher loan amounts from the waiver (Section 2).
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 Veterans+9Good For Business Owners+6Good For Low Income Households+3Good For Men+3Good For Middle Aged+3Good For Middle Class Households+3Good For Women+3Good For Young Adults+3Good For Seniors+2
- Economy And Finance
- Improves Small Business Support+7Improves Economic Growth+2Increases Job Creation+2Improves Fiscal Responsibility-1Reduces National Debt-1
- National Security And Foreign Policy
- Improves Veterans Benefits+6
- Social Issues And Justice
- Improves Poverty Reduction+2
- 11/6/2025
- Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 1 Cosponsor added.
- Introduced in Senate
Edward MarkeyDemocrat · Massachusetts