To improve programs for small business concerns that employ Reservists, and for other purposes.

1. Adds SEC. 2403. RESERVIST PROGRAMS on page 70, between lines 5 and 6

   Adds a sectionPrinted page

   Inserted: SEC. 2403. RESERVIST PROGRAMS.

   Inserted: (a) Definitions.--In this section--

   Inserted: (1) the term "activated" means receiving an order placing a Reservist on active duty;

   Inserted: (2) the term "active duty" has the meaning given that term in section 101 of title 10, United States Code;

   Inserted: (3) the terms "Administration" and "Administrator" mean the Small Business Administration and the Administrator thereof, respectively;

   Inserted: (4) the term "Reservist" means a member of a reserve component of the Armed Forces, as described in section 10101 of title 10, United States Code;

   Inserted: (5) the term "Service Corps of Retired Executives" means the Service Corps of Retired Executives authorized by section 8(b)(1) of the Small Business Act (15 U.S.C. 637(b)(1));

   Inserted: (6) the term "small business concern" has the meaning given that term in section 3 of the Small Business Act (15 U.S.C. 632);

   Inserted: (7) the term "small business development center" means a small business development center described in section 21 of the Small Business Act (15 U.S.C. 648); and

   Inserted: (8) the term "women's business center" means a women's business center described in section 29 of the Small Business Act (15 U.S.C. 656).

   Inserted: (b) Application Period.--Section 7(b)(3)(C) of the Small Business Act (15 U.S.C. 636(b)(3)(C)) is amended by striking "90 days" and inserting "1 year".

   Inserted: (c) Pre-consideration Process.--

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   Inserted: (1) Definition.--In this subsection, the term "eligible Reservist" means a Reservist who--

   Inserted: (A) has not been ordered to active duty;

   Inserted: (B) expects to be ordered to active duty during a period of military conflict; and

   Inserted: (C) can reasonably demonstrate that the small business concern for which that Reservist is a key employee will suffer economic injury in the absence of that Reservist.

   Inserted: (2) Establishment.--Not later than 6 months after the date of enactment of this Act, the Administrator shall establish a preconsideration process, under which the Administrator--

   Inserted: (A) may collect all relevant materials necessary for processing a loan to a small business concern under section 7(b)(3) of the Small Business Act (15 U.S.C. 636(b)(3)) before an eligible Reservist employed by that small business concern is activated; and

   Inserted: (B) shall distribute funds for any loan approved under subparagraph (A) if that eligible Reservist is activated.

   Inserted: (d) Outreach and Technical Assistance Program.--

   Inserted: (1) In general.--Not later than 6 months after the date of enactment of this Act, the Administrator, in consultation with the Secretary of Veterans Affairs and the Secretary of Defense, shall develop a comprehensive outreach and technical assistance program (in this subsection referred to as the "program") to--

   Inserted: (A) market the loans available under section 7(b)(3) of the Small Business Act (15 U.S.C. 636(b)(3)) to Reservists, and family members of Reservists, that are on active duty and that are not on active duty; and

   Inserted: (B) provide technical assistance to a small business concern applying for a loan under that section.

   Inserted: (2) Components.--The program shall--

   Inserted: (A) incorporate appropriate websites maintained by the Administration, the Department of Veterans Affairs, and the Department of Defense; and

   Inserted: (B) require that information on the program is made available to small business concerns directly through--

   Inserted: (i) the district offices and resource partners of the Administration, including small business development centers, women's business centers, and the Service Corps of Retired Executives; and

   Inserted: (ii) other Federal agencies, including the Department of Veterans Affairs and the Department of Defense.

   Inserted: (3) Report.--

   Inserted: (A) In general.--Not later than 6 months after the date of enactment of this Act, and every 6 months thereafter until the date that is 30 months after such date of enactment, the Administrator shall submit to Congress a report on the status of the program.

   Inserted: (B) Contents.--Each report submitted under subparagraph (A) shall include--

   Inserted: (i) for the 6-month period ending on the date of that report--

   Inserted: (I) the number of loans approved under section 7(b)(3) of the Small Business Act (15 U.S.C. 636(b)(3));

   Inserted: (II) the number of loans disbursed under that section; and

   Inserted: (III) the total amount disbursed under that section; and

   Inserted: (ii) recommendations, if any, to make the program more effective in serving small business concerns that employ Reservists.

   Original wording

   On page 70, between lines 5 and 6, insert the following:

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As printed