The U.S. House of Representatives passed H.R.1568 by unanimous consent and acclamation on June 29, 1999!

STATEMENT BY THE PRESIDENT

Clinton Statement on Veterans Entrepreneurship Act U.S.

Newswire 17 Aug 17:20

To: National Desk
Contact: White House Press Office, 202-456-2100

WASHINGTON, Aug. 17 /U.S. Newswire
The following was released today by the White House:

Today I am pleased to sign into law H.R. 1568, the "Veterans Entrepreneurship and Small Business Development Act of 1999." This bill will provide assistance to veterans who are entrepreneurs and especially to service-disabled veteran entrepreneurs, men and women who have sacrificed so much in the service of our country. By helping these American heroes to establish, maintain, and grow their own small businesses, we help to sustain our strong economy and express our gratitude for their service to America.

This bill also includes several measures designed to cushion the impact on small businesses when their owners or essential employees who are reservists are ordered to active duty during military conflicts. By providing loans, loan payment deferrals, and technical and managerial assistance for these citizen soldiers, we can help ensure that they do not have to risk their livelihoods while they risk their lives.

I do have a constitutional concern regarding the section of the bill that addresses the composition of the government corporation that will provide assistance to veterans in the formation and expansion of small businesses. This provision unjustifiably intrudes upon the President's constitutional authority and discretion to appoint executive officials, and, therefore, I will treat this provision as precatory.

WILLIAM J. CLINTON

THE WHITE HOUSE,
August 17, 1999.

/U.S. Newswire 202-347-2770/08/17 17:20