This bill, the Veteran Entrepreneurship Empowerment Act, aims to enhance access to capital for veteran and military spouse entrepreneurs by addressing identified financial barriers. Congressional findings indicate that while veterans are more likely to own businesses, they face significant challenges in securing financing, including higher denial rates and insufficient funding compared to non-veteran firms. The legislation seeks to alleviate these issues by amending key provisions of the Small Business Act and the Small Business Investment Act of 1958. A core provision of the bill is the waiver of guarantee fees for certain Small Business Administration (SBA) loans. It prohibits the SBA from collecting guarantee fees on loans up to $1,000,000 made to small business concerns owned by veterans or their spouses, encompassing both upfront and ongoing fees under different loan programs. The definition of "veteran or spouse of a veteran" is comprehensive, including active duty transition program participants, reservists, and their surviving spouses. The bill also significantly modifies equity injection requirements for these businesses. For startup or change of ownership loans up to $1,000,000, it mandates a reduction of at least 5 percentage points in the minimum equity injection percentage. Additionally, it sets a specific 5% equity injection for veteran or spouse-owned businesses under the Small Business Investment Act of 1958, aiming to ease the initial financial burden and encourage lending. Finally, the legislation mandates increased transparency and data collection by requiring the SBA Administrator to publish data on veteran and spouse participation in SBA loan programs and entrepreneurial development initiatives.