National Guard and Reserve Entrepreneurship Support Act

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 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) by striking clause (ii); (ii) by redesignating clause (i) as clause (ii); (iii) by inserting before clause (ii), as so redesignated, the following: (i) the term active service ; and (iv) in clause (ii), as so redesignated, by adding and (B) in subparagraph (B), by striking being ordered to active military duty during a period of military conflict being ordered to perform active service for a period of more than 30 consecutive days (C) in subparagraph (C), by striking active duty active service (D) in subparagraph (G)(ii)(II), by striking active duty active service (2) in subsection (n)— (A) in the subsection heading, by striking Active Duty Active Service (B) in paragraph (1)— (i) by striking subparagraph (C); (ii) by redesignating subparagraphs (A) and (B) as subparagraphs (B) and (C), respectively; (iii) by inserting before subparagraph (B), as so redesignated, the following: (A) Active service The term active service ; (iv) in subparagraph (B), as so redesignated, by striking ordered to active duty during a period of military conflict ordered to perform active service for a period of more than 30 consecutive days (v) in subparagraph (D), by striking active duty active service (C) in paragraph (2)(B), by striking active duty active service (b) Applicability The amendments made by subsection (a)(1) shall apply to an economic injury suffered or likely to be suffered as the result of an essential employee being ordered to perform active service (as defined in section 101(d)(3) of title 10, United States Code) for a period of more than 30 consecutive days who is discharged or released from such active service on or after the date of enactment of this Act. (c) Semiannual report Not later than 180 days after the date of enactment of this Act, and semiannually thereafter, the President shall submit to the Committee on Small Business and Entrepreneurship and the Committee on Appropriations of the Senate and the Committee on Small Business and the Committee on Appropriations of the House of Representatives a report on the number of loans made under the Military Reservist Economic Injury Disaster Loan program and the dollar volume of those loans. The report shall contain the subsidy rate of the disaster loan program as authorized under section 7(b) of the Small Business Act ( 15 U.S.C. 636(b) (d) Technical and conforming amendment Section 8(l) of the Small Business Act ( 15 U.S.C. 637(l) (1) by striking The Administration (1) In general The Administration ; (2) by striking (as defined in section 7(n)(1)) (3) by adding at the end the following: (2) Definition of period of military conflict In this subsection, the term period of military conflict (A) a period of war declared by the Congress; (B) a period of national emergency declared by the Congress or by the President; or (C) a period of a contingency operation, as defined in section 101(a) of title 10, United States Code. . 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 (1) In general 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 (2) Authorities In carrying out this subsection, the Associate Administrator may— (A) modify 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; (B) collaborate with the Chief of the National Guard Bureau or the Chief's designee, State Adjutant Generals or their designees, and other public and private partners; and (C) provide training, information, and other resources to the Chief of the National Guard Bureau or the Chief's designee and State Adjutant 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 This bill makes various Small Business Administration (SBA) programs currently available to active duty members of the U.S. Armed Forces also available to those on full-time National Guard duty. The bill also (1) makes SBA outreach programs available to the spouses of Armed Forces reserve component members and veterans, and (2) establishes the National Guard and Reserve Deployment Support and Business Training Program to provide business-related assistance to Armed Forces reserve component members and veterans and their spouses.