Page:United States Statutes at Large Volume 113 Part 1.djvu/258

 113 STAT. 234 PUBLIC LAW 106-50—AUG. 17, 1999 TITLE I—GENERAL PROVISIONS 15 USC 657b SEC. 101. FINDINGS. Congress finds the following: (1) Veterans of the United States Armed Forces have been and continue to be vital to the small business enterprises of the United States. (2) In serving the United States, veterans often faced great risks to preserve the American dream of freedom and prosperity. (3) The United States has done too little to assist vetereins, particularly service-disabled veterans, in playing a greater role in the economy of the United States by forming and expanding small business enterprises. (4) Medical advances and new medical technologies have made it possible for service-disabled veterans to play a much more active role in the formation and expansion of small business enterprises in the United States. (5) The United States must provide additiongJ assistance and support to veterans to better equip them to form and expand small business enterprises, thereby enabling them to realize the American dream that they fought to protect. 15 USC 657b SEC. 102. PURPOSE. The purpose of this Act is to expand existing and establish new assistance progreims for veterans who own or operate small businesses. This Act accomplishes this purpose by— (1) expeinding the eligibility for certain small business assistance programs to include veterans; (2) directing certain departments and agencies of the United States to take actions that enhance smgQl business assistance to veterans; and (3) establishing new institutions to provide small business assistance to veterans or to support the institutions that provide such assistance. SEC. 103. DEFINITIONS. (a) SMALL BUSINESS ACT.— Section 3 of the Small Business Act (15 U.S.C. 632) is amended by adding at the end the following: "(q) DEFINITIONS RELATING TO VETERANS. —In this Act, the following definitions apply: "(1) SERVICE-DISABLED VETERAN.— The term 'service-disabled veteran' means a veteran with a disability that is serviceconnected (as defined in section 101(16) of title 38, United States Code). "(2) SMALL BUSINESS CONCERN OWNED AND CONTROLLED BY SERVICE-DISABLED VETERANS. — The term 'small business concern owned and controlled by service-disabled veterans' means a small business concern— "(A) not less than 51 percent of which is owned by one or more service-disabled veterans or, in the case of any publicly owned business, not less than 51 percent of the stock of which is owned by one or more servicedisabled vetereuis; and "(B) the management and daily business operations of which are controlled by one or more service-disabled veterans or, in the case of a veteran with permanent and

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