Badge-to-Business Act

The Badge-to-Business Act amends the Small Business Act to waive guarantee fees for express loans made to qualified career law enforcement officers starting January 1, 2027. To qualify, an officer must have completed at least ten years of service and not be facing a pending criminal investigation or administrative proceeding for misconduct related to their official duties. This fee waiver applies to both currently employed officers and those who have separated from service, provided they meet the conduct requirements at the time of application. The provision includes an exception allowing the Administrator to collect fees if the cost of guaranteeing these loans results in a net loss for the Administration in a given fiscal year.