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.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3195 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 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. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 5, 2025 Mr. Moore of Alabama (for himself, Mr. Ellzey, and Ms. Sewell) introduced the following bill; which was referred to the Committee on Small Business _______________________________________________________________________ A BILL 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. INCLUSION OF SURVIVING CHILDREN IN SMALL BUSINESS CONCERN OWNED AND CONTROLLED BY SERVICE-DISABLED VETERANS DEFINITION. Section 3(q) of the Small Business Act (15 U.S.C. 632(q)) is amended-- (1) in paragraph (2), by adding at the end the following new subparagraph: ``(D)(i) During the time period described in clause (ii), a small business concern that was a small business concern described in subparagraph (A) or (B) immediately prior to the death of a service-disabled veteran who was the owner of the concern, the death of whom causes the concern to be less than 51 percent owned by one or more service-disabled veterans, if-- ``(I) a surviving child of the deceased veteran acquires such veteran's ownership interest in such concern; and ``(II) immediately prior to the death of such veteran and during the period described in clause (ii), the small business concern is included in the database described in section 36. ``(ii) The time period described in this clause is the time period beginning on t