Promoting Jobs for Veterans Act of 2009

[AI summary unavailable — showing source text] Promoting Jobs for Veterans Act of 2009 - Reinstates the Department of Veterans Affairs (VA) small business loan program, under which the Secretary of Veterans Affairs provides financial assistance to veterans' small businesses. Qualifies for such assistance any veteran business owner with a disability rated at 10% (under current law, 30%) or more. Removes VA authority to provide such assistance through direct loans, while maintaining authority for loan guaranties. Increases from $200,000 to $500,000 the maximum guaranty amount. Authorizes the Secretary to: (1) contract-out to provide such loans; and (2) subsidize the interest rates paid under such loans. Provides a loan guarantee preference for National Guard and reserve members activated in support of the Global War on Terrorism. Requires (current law authorizes) a VA contracting officer to award contracts to small businesses owned and controlled by veterans using other than competitive procedures for contracts above the simplified acquisition threshold in order to meet VA small business procurement contracting goals. Allows the Secretary to evaluate a contract bid submitted by a small business owned and controlled by veterans on…