A bill to amend title 38, United States Code, to treat small businesses bequeathed to spouses and dependents by members of the Armed Forces killed in line of duty as small business concerns owned and controlled by veterans for purposes of Department of Veterans Affairs contracting goals and preferences, and for other purposes.
Veterans Small Business Protection Act of 2012 - Treats a small business acquired by the surviving spouse or dependent from a member of the Armed Forces killed during active duty as a small business owned and controlled by a service-disabled veteran, for purposes of Department of Veterans Affairs (VA) small business contracting goals and preferences. Continues such treatment for the period beginning on the date of the member's death and ending on the earlier of: (1) the date on which the surviving spouse remarries or relinquishes such ownership interest or ten years after the member's death, or (2) the date on which the surviving dependent relinquishes such ownership interest or ten years after the member's death.
Referred to the Subcommittee on Military Personnel.
Read twice and referred to the Committee on Veterans' Affairs.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S5213-5214)
Read twice and referred to the Committee on Veterans' Affairs.
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