•HRES 921 ATH 
SEC. 103. PERMANENT EXTENSION OF SBA ADVISORY COM-
MITTEE ON VETERANS BUSINESS AFFAIRS. 
(a) ASSUMPTION
OF DUTIES.—Section 33 of the 
Small Business Act (15 U.S.C. 657c) is amended— 
(1) by striking subsection (h); and 
(2) by redesignating subsections (i) through (k) 
as subsections (h) through (j), respectively. 
(b) PERMANENT EXTENSION OF AUTHORITY.—Sec-
tion 203 of the Veterans Entrepreneurship and Small 
Business Development Act of 1999 (15 U.S.C. 657b note) 
is amended by striking subsection (h). 
SEC. 104. OFFICE OF VETERANS BUSINESS DEVELOPMENT. 
Section 32 of the Small Business Act (15 U.S.C. 
657b) is amended by inserting after subsection (c) (as 
added by section 102) the following: 
‘‘(d) PARTICIPATION IN TAP WORKSHOPS.— 
‘‘(1) IN
GENERAL.—The Associate Adminis-
trator shall increase veteran outreach by ensuring 
that Veteran Business Outreach Centers regularly 
participate, on a nationwide basis, in the workshops 
of the Transition Assistance Program of the Depart-
ment of Labor. 
‘‘(2) PRESENTATIONS.—In carrying out para-
graph (1), a Veteran Business Outreach Center may 
provide grants to entities located in Transition As-
sistance Program locations to make presentations on 
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the opportunities available from the Administration 
for recently separating or separated veterans. Each 
presentation under this paragraph shall include, at 
a minimum, a description of the entrepreneurial and 
business training resources available from the Ad-
ministration. 
‘‘(3) WRITTEN MATERIALS.—The Associate Ad-
ministrator shall— 
‘‘(A) create written materials that provide 
comprehensive information on self-employment 
and veterans entrepreneurship, including infor-
mation on resources available from the Admin-
istration on such topics; and 
‘‘(B) make the materials created under 
subparagraph (A) available to the Secretary of 
Labor for inclusion in the Transition Assistance 
Program manual. 
‘‘(4) REPORTS.—The Associate Administrator 
shall submit to Congress progress reports on the im-
plementation of this subsection. 
‘‘(e) WOMEN VETERANS BUSINESS TRAINING.—The 
Associate Administrator shall— 
‘‘(1) compile information on existing resources 
available to women veterans for business training, 
including resources for— 
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‘‘(A) vocational and technical education; 
‘‘(B) general business skills, such as mar-
keting and accounting; and 
‘‘(C) business assistance programs targeted 
to women veterans; and 
‘‘(2) disseminate the information compiled 
under paragraph (1) through Veteran Business Out-
reach Centers and women’s business centers.’’. 
SEC. 105. INCREASING THE NUMBER OF OUTREACH CEN-
TERS. 
(a) IN GENERAL.—The Administrator shall use the 
authority in section 8(b)(17) of the Small Business Act 
(15 U.S.C. 637(b)(17)) to ensure that the number of Vet-
erans Business Outreach Centers throughout the United 
States increases— 
(1) subject to subsection (b), by at least 2, for 
each of fiscal years 2008 and 2009; and 
(2) by the number that the Administrator con-
siders appropriate, based on need, for each fiscal 
year thereafter. 
(b) LIMITATION.—Subsection (a)(1) shall apply in a 
fiscal year if, for that fiscal year, the amount made avail-
able for the Office of Veterans Business Development is 
more than the amount made available for the Office of 
Veterans Business Development for fiscal year 2007. 
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SEC. 106. INDEPENDENT STUDY ON GAPS IN AVAILABILITY 
OF OUTREACH CENTERS. 
The Administrator shall sponsor an independent 
study on gaps in the availability of Veterans Business Out-
reach Centers across the United States, to inform deci-
sions on funding and on the allocation and coordination 
of resources. Not later than 6 months after the date of 
enactment of this Act, the Administrator shall submit to 
Congress a report on the results of the study. 
SEC. 107. VETERANS ASSISTANCE AND SERVICES PRO-
GRAM. 
Section 21 of the Small Business Act (15 U.S.C. 648) 
is amended by adding at the end the following: 
‘‘(n) VETERANS ASSISTANCE AND SERVICES PRO-
GRAM.— 
‘‘(1) IN GENERAL.—A small business develop-
ment center may apply for a grant under this sub-
section to carry out a veterans assistance and serv-
ices program. 
‘‘(2) ELEMENTS OF PROGRAM.—Under a pro-
gram carried out with a grant under this subsection, 
a small business development center shall— 
‘‘(A) create a marketing campaign to pro-
mote awareness and education of the services of 
the center that are available to veterans, and to 
target the campaign toward veterans, service- 
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disabled veterans, military units, Federal agen-
cies, and veterans organizations; 
‘‘(B) use technology-assisted online coun-
seling and distance learning technology to over-
come the impediments to entrepreneurship 
faced by veterans and members of the Armed 
Forces; and 
‘‘(C) increase coordination among organi-
zations that assist veterans, including by estab-
lishing virtual integration of service providers 
and offerings for a one-stop point of contact for 
veterans who are entrepreneurs or owners of 
small business concerns. 
‘‘(3) AMOUNT OF GRANTS.—A grant under this 
subsection shall be for not less than $75,000 and 
not more than $250,000. 
‘‘(4) FUNDING.—Subject to amounts approved 
in advance in appropriations Acts, the Administra-
tion may make grants or enter into cooperative 
agreements to carry out the provisions of this sub-
section.’’. 
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TITLE II—RESERVIST 
PROGRAMS 
SEC. 201. RESERVIST PROGRAMS. 
(a) APPLICATION PERIOD.—Section 7(b)(3)(C) of the 
Small Business Act (15 U.S.C. 636(b)(3)(C)) is amend-
ed— 
(1) by striking ‘‘90 days’’ and inserting ‘‘1 
year’’; and 
(2) by adding at the end the following: ‘‘The 
Administrator may, when appropriate (as deter-
mined by the Administrator), extend the ending date 
specified in the preceding sentence by not more than 
1 year.’’. 
(b) PRE-CONSIDERATION PROCESS.— 
(1) DEFINITION.—In this subsection, the term 
‘‘eligible Reservist’’ means a Reservist who— 
(A) has not been ordered to active duty; 
(B) expects to be ordered to active duty 
during a period of military conflict; and 
(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. 
(2) 
ESTABLISHMENT.—Not 
later 
than 
months after the date of enactment of this Act, the 
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Administrator shall establish a pre-consideration 
process, under which the Administrator— 
(A) may collect all relevant materials nec-
essary 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 busi-
ness concern is activated; and 
(B) shall distribute funds for any loan ap-
proved under subparagraph (A) if that eligible 
Reservist is activated. 
(c) OUTREACH AND TECHNICAL ASSISTANCE PRO-
GRAM.— 
(1) IN
GENERAL.—Not later than 6 months 
after the date of enactment of this Act, the Adminis-
trator, in consultation with the Secretary of Vet-
erans Affairs and the Secretary of Defense, may de-
velop a comprehensive outreach and technical assist-
ance program (in this subsection referred to as the 
‘‘program’’) to— 
(A) market the loans available under sec-
tion 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 
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(B) provide technical assistance to a small 
business concern applying for a loan under that 
section. 
(2) COMPONENTS.—The program shall— 
(A) incorporate appropriate websites main-
tained by the Administration, the Department 
of Veterans Affairs, and the Department of De-
fense; and 
(B) require that information on the pro-
gram is made available to small business con-
cerns directly through— 
(i) the district offices and resource 
partners of the Administration, including 
small business development centers, wom-
en’s business centers, and the Service 
Corps of Retired Executives; and 
(ii) other Federal agencies, including 
the Department of Veterans Affairs and 
the Department of Defense. 
(3) REPORT.— 
(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, 
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the Administrator shall submit to Congress a 
report on the status of the program. 
(B) CONTENTS.—Each report submitted 
under subparagraph (A) shall include— 
(i) for the 6-month period ending on 
the date of that report— 
(I) the number of loans approved 
under section 7(b)(3) of the Small 
Business Act (15 U.S.C. 636(b)(3)); 
(II) the number of loans dis-
bursed under that section; and 
(III) the total amount disbursed 
under that section; and 
(ii) recommendations, if any, to make 
the program more effective in serving small 
business concerns that employ Reservists. 
SEC. 202. RESERVIST LOANS. 
(a) IN GENERAL.—The Administrator and the Sec-
retary of Defense shall develop a joint website and printed 
materials providing information regarding any program 
for small business concerns that is available to veterans 
or Reservists. 
(b) MARKETING.—The Administrator is authorized— 
(1) to advertise and promote the program under 
section 7(b)(3) of the Small Business Act jointly 
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with the Secretary of Defense and veterans’ service 
organizations; and 
(2) to advertise and promote participation by 
lenders in such program jointly with trade associa-
tions for banks or other lending institutions. 
SEC. 203. NONCOLLATERALIZED LOANS. 
Section 7(b)(3) of the Small Business Act (15 U.S.C. 
636(b)(3)) is amended by adding at the end the following: 
‘‘(G)(i) Notwithstanding any other provi-
sion of law, the Administrator may make a loan 
under this paragraph of not more than $50,000 
without collateral. 
‘‘(ii) The Administrator may defer pay-
ment of principal and interest on a loan de-
scribed in clause (i) during the longer of— 
‘‘(I) the 1-year period beginning on 
the date of the initial disbursement of the 
loan; and 
‘‘(II) the period during which the rel-
evant essential employee is on active 
duty.’’. 
SEC. 204. LOAN PRIORITY. 
Section 7(b)(3) of the Small Business Act (15 U.S.C. 
636(b)(3)), as amended by this Act, is amended by adding 
at the end the following: 
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‘‘(H) The Administrator shall give priority 
to any application for a loan under this para-
graph and shall process and make a determina-
tion regarding such applications prior to proc-
essing or making a determination on other loan 
applications under this subsection, on a rolling 
basis.’’. 
SEC. 205. RELIEF FROM TIME LIMITATIONS FOR VETERAN- 
OWNED SMALL BUSINESSES. 
Section 3(q) of the Small Business Act (15 U.S.C. 
632(q)) is amended by adding at the end the following: 
‘‘(5) RELIEF FROM TIME LIMITATIONS.— 
‘‘(A) IN
GENERAL.—Any time limitation 
on any qualification, certification, or period of 
participation imposed under this Act on any 
program that is available to small business con-
cerns shall be extended for a small business 
concern that— 
‘‘(i) is owned and controlled by— 
‘‘(I) a veteran who was called or 
ordered to active duty under a provi-
sion of law specified in section 
101(a)(13)(B) of title 10, United 
States Code, on or after September 
11, 2001; or 
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‘‘(II) a service-disabled veteran 
who became such a veteran due to an 
injury or illness incurred or aggra-
vated in the active military, naval, or 
air service during a period of active 
duty pursuant to a call or order to ac-
tive duty under a provision of law re-
ferred to in subclause (I) on or after 
September 11, 2001; and 
‘‘(ii) was subject to the time limitation 
during such period of active duty. 
‘‘(B) DURATION.—Upon submission of 
proper documentation to the Administrator, the 
extension of a time limitation under subpara-
graph (A) shall be equal to the period of time 
that such veteran who owned or controlled such 
a concern was on active duty as described in 
that subparagraph. 
‘‘(C) EXCEPTION FOR PROGRAMS SUBJECT 
TO FEDERAL CREDIT REFORM ACT OF 1990.— 
The provisions of subparagraphs (A) and (B) 
shall not apply to any programs subject to the 
Federal Credit Reform Act of 1990 (2 U.S.C. 
661 et seq.).’’. 
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SEC. 206. SERVICE-DISABLED VETERANS. 
Not later than 180 days after the date of enactment 
of this Act, the Comptroller General of the United States 
shall submit to the Committee on Small Business and En-
trepreneurship of the Senate and the Committee on Small 
Business of the House of Representatives a report describ-
ing— 
(1) the types of assistance needed by service- 
disabled veterans who wish to become entrepreneurs; 
and 
(2) any resources that would assist such serv-
ice-disabled veterans. 
SEC. 207. STUDY ON OPTIONS FOR PROMOTING POSITIVE 
WORKING RELATIONS BETWEEN EMPLOYERS 
AND THEIR RESERVE COMPONENT EMPLOY-
EES. 
(a) STUDY REQUIRED.—The Comptroller General of 
the United States shall conduct a study on options for pro-
moting positive working relations between employers and 
Reserve component employees of such employers, includ-
ing assessing options for improving the time in which em-
ployers of Reservists are notified of the call or order of 
such members to active duty other than for training. 
(b) REPORT.— 
(1) IN
GENERAL.—Not later than 180 days 
after the date of enactment of this Act, the Comp-
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troller General of the United States shall submit to 
the appropriate committees of Congress a report on 
the study conducted under subsection (a). 
(2) CONTENTS.—The report submitted under 
paragraph (1) shall— 
(A) provide a quantitative and qualitative 
assessment of— 
(i) what measures, if any, are being 
taken to inform Reservists of the obliga-
tions and responsibilities of such members 
to their employers; 
(ii) how effective such measures have 
been; and 
(iii) whether there are additional 
measures that could be taken to promote 
positive working relations between Reserv-
ists and their employers, including any 
steps that could be taken to ensure that 
employers are timely notified of a call to 
active duty; and 
(B) assess whether there has been a reduc-
tion in the hiring of Reservists by business con-
cerns because of— 
(i) any increase in the use of Reserv-
ists after September 11, 2001; or 
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(ii) any change in any policy of the 
Department of Defense relating to Reserv-
ists after September 11, 2001. 
(c) APPROPRIATE COMMITTEES OF CONGRESS DE-
FINED.—In this section, the term ‘‘appropriate commit-
tees of Congress’’ means— 
(1) the Committee on Armed Services and the 
Committee on Small Business and Entrepreneurship 
of the Senate; and 
(2) the Committee on Armed Services and the 
Committee on Small Business of the House of Rep-
resentatives. 
SEC. 208. INCREASED VETERAN PARTICIPATION PROGRAM. 
Section 7(a) of the Small Business Act (15 U.S.C. 
636(a)) is amended by adding at the end the following: 
‘‘(32) INCREASED
VETERAN
PARTICIPATION 
PROGRAM.— 
‘‘(A) DEFINITIONS.—In this paragraph— 
‘‘(i) the term ‘cost’ has the meaning 
given that term in section 502 of the Fed-
eral Credit Reform Act of 1990 (2 U.S.C. 
661a); 
‘‘(ii) the term ‘pilot program’ means 
the pilot program established under sub-
paragraph (B); and 
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‘‘(iii) the term ‘veteran participation 
loan’ means a loan made under this sub-
section to a small business concern owned 
and controlled by veterans of the Armed 
Forces or members of the reserve compo-
nents of the Armed Forces. 
‘‘(B) 
ESTABLISHMENT.—The 
Adminis-
trator shall establish and carry out a pilot pro-
gram under which the Administrator shall re-
duce the fees for veteran participation loans. 
‘‘(C) DURATION.—The pilot program shall 
terminate at the end of the second full fiscal 
year after the date that the Administrator es-
tablishes the pilot program. 
‘‘(D) MAXIMUM
PARTICIPATION.—A vet-
eran participation loan shall include the max-
imum participation levels by the Administrator 
permitted for loans made under this subsection. 
‘‘(E) FEES.— 
‘‘(i) IN GENERAL.—The fee on a vet-
eran participation loan shall be equal to 50 
percent of the fee otherwise applicable to 
that loan under paragraph (18). 
‘‘(ii) 
WAIVER.—The 
Administrator 
may waive clause (i) for a fiscal year if— 
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‘‘(I) for the fiscal year before 
that fiscal year, the annual estimated 
rate of default of veteran participation 
loans exceeds that of loans made 
under this subsection that are not vet-
eran participation loans; 
‘‘(II) the cost to the Administra-
tion of making loans under this sub-
section is greater than zero and such 
cost is directly attributable to the cost 
of making veteran participation loans; 
and 
‘‘(III) no additional sources of 
revenue authority are available to re-
duce the cost of making loans under 
this subsection to zero. 
‘‘(iii) EFFECT
OF
WAIVER.—If the 
Administrator waives the reduction of fees 
under clause (ii), the Administrator— 
‘‘(I) shall not assess or collect 
fees in an amount greater than nec-
essary to ensure that the cost of the 
program under this subsection is not 
greater than zero; and 
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‘‘(II) shall reinstate the fee re-
ductions under clause (i) when the 
conditions in clause (ii) no longer 
apply. 
‘‘(iv) NO
INCREASE
OF
FEES.—The 
Administrator shall not increase the fees 
under paragraph (18) on loans made under 
this subsection that are not veteran par-
ticipation loans as a direct result of the 
pilot program. 
‘‘(F) GAO REPORT.— 
‘‘(i) IN GENERAL.—Not later than 1 
year after the date that the pilot program 
terminates, the Comptroller General of the 
United States shall submit to the Com-
mittee on Small Business of the House of 
Representatives and the Committee on 
Small Business and Entrepreneurship of 
the Senate a report on the pilot program. 
‘‘(ii) CONTENTS.—The report sub-
mitted under clause (i) shall include— 
‘‘(I) the number of veteran par-
ticipation loans for which fees were 
reduced under the pilot program; 
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‘‘(II) a description of the impact 
of the pilot program on the program 
under this subsection; 
‘‘(III) an evaluation of the effi-
cacy and potential fraud and abuse of 
the pilot program; and 
‘‘(IV) recommendations for im-
proving the pilot program.’’. 
Æ 
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