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.

This bill amends the Small Business Act to allow surviving children of service-disabled veterans to maintain a business's status as "owned and controlled by service-disabled veterans" after the veteran owner's death. It adds surviving children (biological or adopted) to the definition of eligible owners, enabling them to inherit the veteran's ownership stake if they acquire it immediately after the death. The business must have been previously certified under the program, and the child must hold the ownership for up to three years (or until they relinquish it) to keep the business eligible for veteran-owned business benefits. This change directly affects small businesses owned by service-disabled veterans that would otherwise lose their veteran-owned status upon the owner's death.