National Guard and Reserve Entrepreneurship Support Act of 2016

To support entrepreneurs serving in the National Guard and Reserve, and for other purposes. 1. Short title This Act may be cited as the National Guard and Reserve Entrepreneurship Support Act of 2016 2. Extension of loan assistance and deferral eligibility to reservists beyond periods of military conflict (a) Small Business Act amendments Section 7 of the Small Business Act ( 15 U.S.C. 636 (1) in subsection (b)(3)— (A) in subparagraph (A)— (i) in clause (i), by striking concern; concern; and (ii) by striking clause (ii); and (iii) by redesignating clause (iii) as clause (ii); and (B) in subparagraph (B), by striking during a period of military conflict (2) in subsection (n)(1)— (A) in subparagraph (A), by striking during a period of military conflict (B) by striking subparagraph (C); and (C) by redesignating subparagraph (D) as subparagraph (C). (b) Applicability to disaster loans Section 402(e)(2) of the Veterans Entrepreneurship and Small Business Development Act of 1999 ( Public Law 106–50 15 U.S.C. 636 as the result of a period of military conflict occurring or ending 3. National Guard and Reserve Deployment Support and Business Training Program (a) Expansion of Small Business Administration outreach programs Section 8(b)(17) of the Small Business Act ( 15 U.S.C. 637(b)(17) and members of a reserve component of the Armed Forces members of a reserve component of the Armed Forces, and the spouses of veterans and members of a reserve component of the Armed Forces (b) Establishment of program Section 32 of the Small Business Act ( 15 U.S.C. 657b (g) National Guard and Reserve Deployment Support and Business Training In making grants carried out under section 8(b)(17), the Associate Administrator shall establish a program, to be known as the National Guard and Reserve Deployment Support and Business Training Program (1) modify existing programs and resources made available through section 8(b)(17) to provide pre-deployment and other information specific to members of a reserve component of the Armed Forces and their spouses; (2) collaborate with the Chief of the National Guard Bureau or the Chief's designee, State Adjunct Generals or their designees, and other public and private partners; and (3) provide training, information and other resources to the Chief of the National Guard Bureau or the Chief's designee and State Adjunct Generals or their designees for the purpose of supporting members of a reserve component of the Armed Forces and the spouses of veterans and members of a reserve component of the Armed Forces. .

Summary: National Guard and Reserve Entrepreneurship Support Act of 2016 (Sec. 2) This bill amends the Small Business Act and the Veterans Entrepreneurship and Small Business Development Act of 1999 to revise a condition on the extension of disaster loan assistance to a small business concern that has suffered, or that is likely to suffer, substantial economic injury as the result of an essential employee's being ordered to active military duty during a period of military conflict. The condition &quot;being ordered to active military duty during a period of military conflict&quot; shall change to read &quot;being ordered to deploy as part of active military duty.&quot; This change shall permit the extension of disaster assistance to a small business concern in such a circumstance even when deployment is not during a period of military conflict. The same condition is revised in requirements for deferred repayment of principal and interest due on a direct loan to a qualified borrower who is an eligible armed forces reservist and who: received a direct loan, including a disaster loan, from the Small Business Administration (SBA) before being ordered to active duty; or is an essential employee ordered to active duty from a small business concern that received a direct loan, including a disaster loan, from the SBA. The President shall report semiannually to specified congressional committees on the number of loans, and their dollar amount, made under the Military Reservist Economic Injury Disaster Loan program, including the subsidy rate of those loans. (Sec. 3) The SBA shall to make grants and enter into contracts and cooperative agreements with specified public and private entities for outreach programs for the spouses of veterans and members of a reserve component of the armed forces. In making such grants the SBA shall establish a National Guard and Reserve Deployment Support and Business Training Program to give training, counseling and other assistance to support members of a reserve component of the armed forces and their spouses. In establishing this program the SBA may: modify existing programs and resources to disseminate pre-deployment and other information specific to members of a reserve component of the Armed Forces and their spouses; collaborate with the National Guard Bureau (NGB), State Adjutant Generals (or their designees), and other public and private partners; and furnish training, information, and other resources to the NGB and State Adjutant Generals (or designees) to support members of a reserve component of the armed forces, their spouses, and the spouses of veterans.