Kevin Berger

Bill 119 HR 2066, also known as the Small Business Investment Act Amendment, aims to make changes to the Small Business Investment Act of 1958. The main goal of this bill is to exclude certain amounts invested in smaller enterprises located in rural or low-income areas, as well as small businesses in critical technology areas, from the limit on leverage.

The bill seeks to provide more opportunities for small businesses in underserved areas to access the capital they need to grow and thrive. By exempting investments in these specific types of businesses from leverage limits, the hope is that more investors will be incentivized to support these enterprises, ultimately leading to economic development in these communities.

In addition to these changes, the bill also includes provisions for other purposes related to small business investment. Overall, the Small Business Investment Act Amendment aims to promote economic growth and job creation in rural and low-income areas, as well as in critical technology sectors.

Bill 119 HR 970, also known as the "Veterans' Insurance Reform Act," aims to make changes to the Servicemembers' Group Life Insurance (SGLI) program and the Veterans' Group Life Insurance (VGLI) program. The bill requires the Secretary of Veterans Affairs to regularly review the automatic maximum coverage provided under these insurance programs.

Currently, the SGLI and VGLI programs offer automatic maximum coverage amounts to eligible veterans and servicemembers. However, this bill seeks to ensure that these coverage amounts are periodically reviewed to ensure they are adequate and meet the needs of those insured.

In addition to requiring regular reviews of the maximum coverage amounts, the bill also includes provisions for other purposes related to the SGLI and VGLI programs. These provisions are aimed at improving the overall effectiveness and efficiency of these insurance programs for veterans and servicemembers. Overall, Bill 119 HR 970 is focused on ensuring that the SGLI and VGLI programs continue to provide valuable and sufficient coverage to those who have served in the military. The bill emphasizes the importance of regularly reviewing and updating the maximum coverage amounts to meet the evolving needs of veterans and servicemembers.