US Congress Senate Bill 532 (Prior Session Legislation)

---

Spectrum: Bipartisan Bill
Status: Introduced on March 9 2011 - 25% progression, died in committee
Action: 2011-03-09 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]

Patriot Express Authorization Act of 2011 - Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA) to establish a Patriot Express Loan Program to guarantee loans made by express lenders to eligible members of the military community. Includes as eligible members: (1) a veteran, including a service-disabled veteran; (2) a member of the Armed Forces on active duty who is eligible to participate in the Transition Assistance Program; (3) the spouse of the above individuals; (4) the widowed spouse of a deceased veteran or member who died due to a service-connected disability; and (5) the widowed spouse of a deceased member to whom the Department of Defense (DOD) may provide for the recovery, care, and disposition of the remains of an individual who died while on active duty or during inactive-duty training. Allows such loans to be used for any business purpose. Limits: (1) individual loans to $1 million, and (2) the loan fee charged to 75% of that charged for SBA general small business loans. Requires the Director of the Office of Management and Budget (OMB) to coordinate with the heads of executive departments and independent establishments to: (1) develop a strategy to reduce government printing costs during the 10-year period beginning on September 1, 2011; and (2) issue government-wide guidelines for printing that implements the strategy.

Patriot Express Authorization Act of 2011

Sen. Mark Pryor [D-AR]

Sen. Olympia Snowe [R-ME]

Date	Chamber	Action
2011-03-09	Senate	Read twice and referred to the Committee on Small Business and Entrepreneurship.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/532/all-info
Text	https://www.congress.gov/112/bills/s532/BILLS-112s532is.pdf