TITLE III—ENTREPRENEURIAL 
DEVELOPMENT 
SEC. 301. VETERAN BUSINESS OUTREACH CENTER IN 
PUERTO RICO. 
(a) IN GENERAL.—Section 32 of the Small Business 
Act (15 U.S.C. 657b) is amended— 
(1) by redesignating subsection (f) as sub-
section (g); and 
(2) by inserting after subsection (e) the fol-
lowing: 
‘‘(f) VETERAN BUSINESS OUTREACH CENTER
IN 
PUERTO RICO.—The Administrator shall partner with an 
organization to establish a Veteran Business Outreach 
Center in the Commonwealth of Puerto Rico to provide 
entrepreneurial development services to small business 
concerns owned and controlled by service-disabled veterans 
and small business concerns owned and controlled by vet-
erans located in the Commonwealth of Puerto Rico. If the 
Administrator cannot partner with an organization, the 
Administrator shall use amounts appropriated to carry out 
this subsection to provide such services to veterans who 
own or are considering starting a Puerto Rico business.’’. 
(b) PROSPECTIVE REPEAL.—Subsection (a) shall be 
repealed, and the provisions of law amended by such sub-
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section shall be restored as if such subsection had not been 
enacted, on the Oversight Board termination date. 
SEC. 302. FAST GRANT PROGRAM FOR PUERTO RICO. 
(a) IN GENERAL.—Section 34 of the Small Business 
Act (15 U.S.C. 657d) is amended by adding at the end 
the following: 
‘‘(j) FAST GRANT PROGRAM FOR PUERTO RICO.— 
‘‘(1) 
ESTABLISHMENT.—The 
Administrator 
shall establish a program that shall be part of the 
FAST program to make awards to, or enter into co-
operative agreements with, a Puerto Rico business. 
‘‘(2) TECHNICAL ASSISTANCE.—If no applicant 
is selected to receive assistance under this sub-
section, the Administrator shall use amounts appro-
priated to carry out this subsection to provide busi-
ness advice and counseling to a Puerto Rico busi-
ness. 
‘‘(3) WAIVER OF MATCHING REQUIREMENTS.— 
The Administrator may, upon application, waive the 
matching requirements under subsection (e)(2) for 
an applicant that receives an award or has in effect 
a cooperative agreement under this subsection. 
‘‘(4) FUNDING.—There is authorized to be ap-
propriated $100,000 for fiscal year 2017, and each 
fiscal year thereafter, to carry out this subsection.’’. 
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(b) PROSPECTIVE REPEAL.—Subsection (a) shall be 
repealed, and the provisions of law amended by such sub-
section shall be restored as if such subsection had not been 
enacted, on the Oversight Board termination date. 
TITLE IV—SMALL BUSINESS 
ADMINISTRATION OVERSIGHT 
SEC. 401. REQUIREMENT FOR THE DISTRICT DIRECTOR OF 
PUERTO RICO. 
(a) IN GENERAL.—During the period beginning on 
the date of enactment of this Act and ending on the Over-
sight Board termination date, the director of the district 
office of the Small Business Administration located in 
Puerto Rico shall submit directly to Congress and the Ad-
ministrator an annual report on the activities of the Small 
Business Administration in Puerto Rico. 
(b) COORDINATION.—In preparing each report de-
scribed in subsection (a), the director described in such 
subsection shall consult with other Federal agencies to col-
lect data on grants, programs, and outreach activities car-
ried out by such agencies that affect any Puerto Rico busi-
ness. 
Æ 
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