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.

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. | JustPolicyThe main purpose of this legislation is to amend the Small Business Act to allow surviving children of service-disabled veterans to inherit ownership of small businesses that were previously owned by their parents. This change aims to support families of veterans who have passed away, ensuring that their businesses can continue to operate under the same ownership. Key provisions of the legislation include a specific definition of a "surviving child" as either a biological or legally adopted child of a service-disabled veteran.