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United States · Bill · HR

H.R. 3423 (97th)

Veterans Training and Business Loan Act of 1981

openUnited States· United States Congress· EN

Introduced

5 May 1981

Last action

3 November 1981 · Committee

Status

For Further Action See H.R.3499.

Sponsors

Rep. Edgar, Robert W. [D-PA-7], Rep. Montgomery, G. V. (Sonny) [D-MS-3], Rep. Hammerschmidt, John P. [R-AR-3], Sen. Daschle, Thomas A. [D-SD], Rep. Bonior, David E. [D-MI-10], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Hall, Sam B., Jr. [D-TX-1], Rep. Edwards, Don [D-CA-10], Rep. Danielson, George E. [D-CA-30], Rep. Mottl, Ronald M. [D-OH-23], Rep. Applegate, Douglas [D-OH-18], Rep. Leath, Marvin [D-TX-11], Rep. Boner, William H. [D-TN-5], Sen. Shelby, Richard C. [R-AL], Rep. Mica, Daniel Andrew [D-FL-14], Sen. Gramm, Phil [R-TX], Sen. Dorgan, Byron L. [D-ND], Del. Won Pat, Antonio B. [D-GU-At Large], Rep. Heckler, Margaret M. [R-MA-10], Rep. Wylie, Chalmers P. [R-OH-15], Rep. Hillis, Elwood H. [R-IN-5], Rep. Sawyer, Harold S. [R-MI-5], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Jeffries, Jim [R-KS-2], Rep. McEwen, Bob [R-OH-6], Rep. Dunn, Jim [R-MI-6], Rep. Smith, Christopher H. [R-NJ-4], Rep. Smith, Albert L., Jr. [R-AL-6], Rep. Siljander, Mark D. [R-MI-4]

Subjects

Defence

Source updated

29 August 2025

Defence

Summary

Veterans' Training and Business Loan Act of 1981 - Title I: Vocational Training - Authorizes, without delimiting period, educational assistance for Vietnam-era veterans determined to be in need of vocational training. Title II: Small Business Loans - Veterans' Business Loan Act of 1981 - Permits the Administrator of Veterans' Affairs to provide financial assistance to a small business concern which is at least 51 percent owned by veterans of the Vietnam era or disabled veterans. Authorizes such assistance, in the form of loan guaranties or direct loans, for financing plant construction or expansion, the acquisition of equipment or supplies, or supplying the concern with working capital. Sets forth restrictions and the liability of the Administrator in the provision of such assistance. Requires each individual with an ownership interest in such a veterans' small business concern to execute a document evidencing the loan and makes such individual jointly and severally liable to the Administrator for any amount paid by the Administrator on such loan. Requires the approval of the Administrator before the closing of the loan. Limits the terms of such loans to ten years, except for construction and certain other related loans. Grants special consideration to veterans with service-connected disabilities. Establishes in the Treasury the Veterans' Administration Business Loan Revolving Fund. Directs the Administrator to transfer any surplus funds into the general fund. Sets forth the powers of the Administrator for the administration of this program. Prohibits the commitment of assistance after September 30, 1991. Makes technical amendments. Authorizes appropriations for fiscal year 1982 to assist the Administrator in the establishment of the business loan program. Title III: Miscellaneous Amendments - Extends veterans' readjustment appointments in the civil service program through September 30, 1983.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 5 May 1981

    Committee

    For Previous Action See H.R.2391.

    Source: Committee

  2. 5 May 1981

    Introduced

    Referred to House Committee on Veterans' Affairs.

    Source: IntroReferral

  3. 5 May 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 5 May 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 7 May 1981

    Committee

    Forwarded by Subcommittee to Full Committee.

    Source: Committee

  6. 7 May 1981

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

  7. 7 May 1981

    Referred

    Referred to Subcommittee on Education, Training and Employment.

    Source: Committee

  8. 12 May 1981

    Reported

    Ordered to be Reported.

    Source: Committee

  9. 12 May 1981

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  10. 19 May 1981

    Calendars

    Placed on Union Calendar No: 61.

    Source: Calendars

  11. 19 May 1981

    Reported

    Reported to House (Amended) by House Committee on Veterans' Affairs. Report No: 97-78.

    Source: Committee

  12. 19 May 1981

    Reported

    Reported to House (Amended) by House Committee on Veterans' Affairs. Report No: 97-78.

    Source: Committee

  13. 1 June 1981

    Floor

    Called up by House by Unanimous Consent.

    Source: Floor

  14. 2 June 1981

    Vote

    Passed House (Amended) by Yea-Nay Vote: 352 - 41 (Record Vote No: 58).

    Source: Floor

  15. 2 June 1981

    Vote

    Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 352 - 41 (Record Vote No: 58).

    Source: Floor

  16. 3 June 1981

    Introduced

    Received in the Senate, read twice, and referred to the Committee on Veterans.

    Source: IntroReferral

  17. 3 November 1981

    Committee

    For Further Action See H.R.3499.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

Leesvertaling

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  • Passed House amended

    summary · EN · 2 June 1981

    Open at official source

  • Reported to House with amendment(s)

    summary · EN · 19 May 1981

    Open at official source

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  • Introduced in House

    summary · EN · 5 May 1981

    Open at official source

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Sponsors

Related records

Sources

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