SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Military Reservist and Veteran Small Business Reau-
thorization and Opportunity Act of 2007’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
Sec. 2. Definitions. 
TITLE I—VETERANS BUSINESS DEVELOPMENT 
Sec. 101. Increased funding for the Office of Veterans Business Development. 
Sec. 102. Interagency task force. 
Sec. 103. Permanent extension of SBA Advisory Committee on Veterans Busi-
ness Affairs. 
Sec. 104. Office of Veterans Business Development. 
Sec. 105. Increasing the number of outreach centers. 
Sec. 106. Independent study on gaps in availability of outreach centers. 
TITLE II—NATIONAL RESERVIST ENTERPRISE TRANSITION AND 
SUSTAINABILITY 
Sec. 201. Short title. 
Sec. 202. Purpose. 
Sec. 203. National Guard and Reserve business assistance. 
Sec. 204. Veterans Assistance and Services program. 
TITLE III—RESERVIST PROGRAMS 
Sec. 301. Reservist programs. 
Sec. 302. Reservist loans. 
Sec. 303. Noncollateralized loans. 
Sec. 304. Loan priority. 
Sec. 305. Relief from time limitations for veteran-owned small businesses. 
Sec. 306. Service-disabled veterans. 
Sec. 307. Study on options for promoting positive working relations between 
employers and their Reserve Component employees. 
Sec. 308. Increased Veteran Participation Program. 
SEC. 2. DEFINITIONS. 
In this Act— 
(1) the term ‘‘activated’’ means receiving an 
order placing a Reservist on active duty;
(2) the term ‘‘active duty’’ has the meaning 
given that term in section 101 of title 10, United 
States Code; 
(3) the terms ‘‘Administration’’ and ‘‘Adminis-
trator’’ mean the Small Business Administration 
and the Administrator thereof, respectively; 
(4) the term ‘‘Reservist’’ means a member of a 
reserve component of the Armed Forces, as de-
scribed in section 10101 of title 10, United States 
Code; 
(5) the term ‘‘Service Corps of Retired Execu-
tives’’ means the Service Corps of Retired Execu-
tives authorized by section 8(b)(1) of the Small 
Business Act (15 U.S.C. 637(b)(1)); 
(6) the terms ‘‘service-disabled veteran’’ and 
‘‘small business concern’’ have the meaning as in 
section 3 of the Small Business Act (15 U.S.C. 
632); 
(7) the term ‘‘small business development cen-
ter’’ means a small business development center de-
scribed in section 21 of the Small Business Act (15 
U.S.C. 648); and 
(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).
TITLE I—VETERANS BUSINESS 
DEVELOPMENT 
SEC. 101. INCREASED FUNDING FOR THE OFFICE OF VET-
ERANS BUSINESS DEVELOPMENT. 
(a) IN GENERAL.—There are authorized to be appro-
priated to the Office of Veterans Business Development 
of the Administration, to remain available until ex-
pended— 
(1) $2,100,000 for fiscal year 2008; and 
(2) $2,300,000 for fiscal year 2009. 
(b) FUNDING OFFSET.—Amounts necessary to carry 
out subsection (a) shall be offset and made available 
through the reduction of the authorization of funding 
under section 20(e)(1)(B)(iv) of the Small Business Act 
(15 U.S.C. 631 note). 
(c) SENSE OF CONGRESS.—It is the sense of Con-
gress that any amounts provided pursuant to this section 
that are in excess of amounts provided to the Administra-
tion for the Office of Veterans Business Development in 
fiscal year 2007, should be used to support Veterans Busi-
ness Outreach Centers. 
SEC. 102. INTERAGENCY TASK FORCE. 
Section 32 of the Small Business Act (15 U.S.C. 
657b) is amended— 
(1) by redesignating subsection (c) as (f); and
(2) by inserting after subsection (b) the fol-
lowing: 
‘‘(c) INTERAGENCY TASK FORCE.— 
‘‘(1) ESTABLISHMENT.—Not later than 90 days 
after the date of enactment of this subsection, the 
President shall establish an interagency task force to 
coordinate the efforts of Federal agencies necessary 
to increase capital and business development oppor-
tunities for, and increase the award of Federal con-
tracting and subcontracting opportunities to, small 
business concerns owned and controlled by service- 
disabled veterans and small business concerns owned 
and controlled by veterans (in this section referred 
to as the ‘task force’). 
‘‘(2) MEMBERSHIP.—The members of the task 
force shall include— 
‘‘(A) the Administrator, who shall serve as 
chairperson of the task force; 
‘‘(B) a senior level representative from— 
‘‘(i) the Department of Veterans Af-
fairs; 
‘‘(ii) the Department of Defense; 
‘‘(iii) the Administration (in addition 
to the Administrator); 
‘‘(iv) the Department of Labor;
‘‘(v) the Department of the Treasury; 
‘‘(vi) the General Services Administra-
tion; and 
‘‘(vii) the Office of Management and 
Budget; and 
‘‘(C) 4 representatives from a veterans 
service organization or military organization or 
association, selected by the President. 
‘‘(3) DUTIES.—The task force shall coordinate 
administrative and regulatory activities and develop 
proposals relating to— 
‘‘(A) increasing capital access and capacity 
of small business concerns owned and controlled 
by service-disabled veterans and small business 
concerns owned and controlled by veterans 
through loans, surety bonding, and franchising; 
‘‘(B) increasing access to Federal con-
tracting and subcontracting for small business 
concerns owned and controlled by service-dis-
abled veterans and small business concerns 
owned and controlled by veterans through ex-
panded mentor-prote´ge´ assistance and matching 
such small business concerns with contracting 
opportunities;
‘‘(C) increasing the integrity of certifi-
cations of status as a small business concern 
owned and controlled by service-disabled vet-
erans or a small business concern owned and 
controlled by veterans; 
‘‘(D) reducing paperwork and administra-
tive burdens on veterans in accessing business 
development and entrepreneurship opportuni-
ties; 
‘‘(E) increasing and improving training 
and counseling services provided to small busi-
ness concerns owned and controlled by veterans; 
and 
‘‘(F) making other improvements relating 
to the support for veterans business develop-
ment by the Federal Government. 
‘‘(4) REPORTING.—The task force shall submit 
an annual report regarding its activities and pro-
posals to— 
‘‘(A) the Committee on Small Business 
and Entrepreneurship and the Committee on 
Veterans’ Affairs of the Senate; and 
‘‘(B) the Committee on Small Business 
and the Committee on Veterans’ Affairs of the 
House of Representatives.’’.
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), as amended by section 102, is further 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 Center may provide grants to eligible 
entities located in Transition Assistance Program lo-
cations to make presentations on the opportunities 
available from the Administration for recently sepa-
rating veterans. Each such presentation must in-
clude, at a minimum, the entrepreneurial and busi-
ness training resources available from the Adminis-
tration. 
‘‘(3) WRITTEN MATERIALS.—The Associate Ad-
ministrator of Veterans Business Development shall 
create written materials that provide comprehensive 
information on self-employment and veterans entre-
preneurship, including information on Small Busi-
ness Administration resources available for such top-
ics, and shall make these materials available for in-
clusion in the Transition Assistance Program man-
ual. 
‘‘(4) REPORTS.—The Associate Administrator 
shall submit to Congress progress reports on the im-
plementation of this subsection. 
‘‘(e) WOMEN VETERANS BUSINESS TRAINING RE-
SOURCE PROGRAM.—The Associate Administrator shall 
establish a Women Veterans Business Training Resource 
Program. The program shall— 
‘‘(1) compile information on resources available 
to women veterans for business training, including 
resources for—
‘‘(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 through Vet-
eran Business Outreach Centers and women’s busi-
ness centers.’’. 
SEC. 105. INCREASING THE NUMBER OF OUTREACH CEN-
TERS. 
The Administrator of the Small Business Administra-
tion 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 Veterans Business Outreach Centers 
throughout the United States increases— 
(1) by at least 2, for each of fiscal years 2008 
and 2009, in accordance with funding provided in 
sections 101(a)(1) and (a)(2) of this Act; and 
(2) by the number that the Administrator con-
siders appropriate, based on existing need, for each 
fiscal year thereafter. 
SEC. 106. INDEPENDENT STUDY ON GAPS IN AVAILABILITY 
OF OUTREACH CENTERS. 
The Administrator of the Small Business Administra-
tion shall sponsor an independent study on gaps in the
availability of Veterans Business Outreach Centers across 
the United States. The purpose of the study shall be to 
identify the gaps that do exist so as to inform decisions 
on funding and on the allocation and coordination of re-
sources. Not later than 6 months after the date of the 
enactment of this Act, the Administrator shall submit to 
Congress a report on the results of the study. 
TITLE II—NATIONAL RESERVIST 
ENTERPRISE 
TRANSITION 
AND SUSTAINABILITY 
SEC. 201. SHORT TITLE. 
This title may be cited as the ‘‘National Reservist 
Enterprise Transition and Sustainability Act of 2007’’. 
SEC. 202. PURPOSE. 
The purpose of this title is to establish a program 
to— 
(1) provide managerial, financial, planning, de-
velopment, technical, and regulatory assistance to 
small business concerns owned and operated by Re-
servists; 
(2) provide managerial, financial, planning, de-
velopment, technical, and regulatory assistance to 
the temporary heads of small business concerns 
owned and operated by Reservists;
(3) create a partnership between the Small 
Business Administration, the Department of De-
fense, and the Department of Veterans Affairs to as-
sist small business concerns owned and operated by 
Reservists; 
(4) utilize the service delivery network of small 
business development centers, women’s business cen-
ters, Veterans Business Outreach Centers, and cen-
ters receiving funding from the National Veterans 
Business Development Corporation, and any other 
Veterans Business Assistance program which re-
ceives federal funding, to expand the access of small 
business concerns owned and operated by Reservists 
to programs providing business management, devel-
opment, financial, procurement, technical, regu-
latory, and marketing assistance; 
(5) utilize the service delivery network of small 
business development centers, women’s business cen-
ters, Veterans Business Outreach Centers, and cen-
ters receiving funding from the National Veterans 
Business Development Corporation, and any other 
Veterans Business Assistance program which re-
ceives federal funding, to quickly respond to an acti-
vation of Reservists that own and operate small 
business concerns; and
(6) utilize the service delivery network of small 
business development centers, women’s business cen-
ters, Veterans Business Outreach Centers, and cen-
ters receiving funding from the National Veterans 
Business Development Corporation, and any other 
Veterans Business Assistance program which re-
ceives federal funding, to assist Reservists that own 
and operate small business concerns in preparing for 
future military activations. 
SEC. 203. NATIONAL GUARD AND RESERVE BUSINESS AS-
SISTANCE. 
The Small Business Act (15 U.S.C. 631 et seq.) is 
amended— 
(1) by redesignating section 37 (15 U.S.C. 631 
note) as section 38; and 
(2) by inserting after section 36 the following: 
‘‘SEC. 37. RESERVIST ENTERPRISE TRANSITION AND SUS-
TAINABILITY. 
‘‘(a) IN GENERAL.—The Administrator shall estab-
lish a program to provide business planning assistance to 
small business concerns owned and operated by Reservists. 
‘‘(b) DEFINITIONS.—In this section— 
‘‘(1) the terms ‘activated’ and ‘activation’ mean 
having received an order placing a Reservists on ac-
tive duty, as defined by section 101(1) of title 10, 
United States Code; 
‘‘(2) the term ‘Administrator’ means the Ad-
ministrator of the Small Business Administration, 
acting through the Associate Administrator for 
Small Business Development Centers; 
‘‘(3) the term ‘Association’ means the associa-
tion established under section 21(a)(3)(A); 
‘‘(4) the term ‘eligible applicant’ means— 
‘‘(A) a small business development center 
that is accredited under section 21(k); 
‘‘(B) a women’s business center; 
‘‘(C) a Veterans Business Outreach Center 
that receives funds from the Office of Veterans 
Business Development; 
‘‘(D) an information and assistance center 
receiving funding from the National Veterans 
Business Development Corporation under sec-
tion 33; or 
‘‘(E) any other Veterans Business Assist-
ance program which receives federal funding; 
‘‘(5) the term ‘enterprise transition and sus-
tainability assistance’ means assistance provided by 
an eligible applicant to a small business concern 
owned and operated by a Reservist, who has been
activated or is likely to be activated in the next 12 
months, to develop and implement a business strat-
egy for the period while the owner is on active duty 
and 6 months after the date of the return of the 
owner; 
‘‘(6) the term ‘Reservist’ means any person who 
is— 
‘‘(A) a member of a reserve component of 
the Armed Forces, as defined by section 10101 
of title 10, United States Code; and 
‘‘(B) on active status, as defined by section 
101(d)(4) of title 10, United States Code; 
‘‘(7) the term ‘small business development cen-
ter’ means a small business development center as 
described in section 21 of the Small Business Act 
(15 U.S.C. 648); 
‘‘(8) the term ‘State’ means each of the several 
States of the United States, the District of Colum-
bia, the Commonwealth of Puerto Rico, the Virgin 
Islands, American Samoa, and Guam; and 
‘‘(9) 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). 
‘‘(c) AUTHORITY.—The Administrator may award 
grants, in accordance with the regulations developed under
subsection (d), to eligible applicants to assist small busi-
ness concerns owned and operated by Reservists by— 
‘‘(1) providing management, development, fi-
nancing, procurement, technical, regulatory, and 
marketing assistance; 
‘‘(2) providing access to information and re-
sources, including Federal and State business assist-
ance programs; 
‘‘(3) distributing contact information provided 
by the Department of Defense regarding activated 
Reservists to corresponding State directors; 
‘‘(4) offering free, one-on-one, in-depth coun-
seling regarding management, development, financ-
ing, procurement, regulations, and marketing; 
‘‘(5) assisting in developing a long-term plan 
for possible future activation; and 
‘‘(6) providing enterprise transition and sus-
tainability assistance. 
‘‘(d) OTHER FEDERAL DEPARTMENTS AND AGEN-
CIES.—The Administrator shall make available informa-
tional materials established by this section to other Fed-
eral departments and agencies for their own internal pro-
grams. 
‘‘(e) RULEMAKING.—
‘‘(1) IN GENERAL.—The Administrator, in con-
sultation with the Association and after notice and 
an opportunity for comment, shall promulgate regu-
lations to carry out this section. 
‘‘(2) DEADLINE.—The Administrator shall pro-
mulgate final regulations not later than 180 days of 
the date of enactment of the Military Reservist and 
Veteran Small Business Reauthorization and Oppor-
tunity Act of 2007. 
‘‘(3) CONTENTS.—The regulations developed by 
the Administrator under this subsection shall estab-
lish— 
‘‘(A) procedures for identifying, in con-
sultation with the Secretary of Defense, States 
that have had a recent activation of Reservists; 
‘‘(B) priorities for the types of assistance 
to be provided under the program authorized by 
this section; 
‘‘(C) standards relating to educational, 
technical, and support services to be provided 
by a grantee; 
‘‘(D) standards relating to any national 
service delivery and support function to be pro-
vided by a grantee;
‘‘(E) standards relating to any work plan 
that the Administrator may require a grantee 
to develop; and 
‘‘(F) standards relating to the educational, 
technical, and professional competency of any 
expert or other assistance provider to whom a 
small business concern may be referred for as-
sistance by a grantee. 
‘‘(f) APPLICATION.— 
‘‘(1) IN GENERAL.—Each eligible applicant de-
siring a grant under this section shall submit an ap-
plication to the Administrator at such time, in such 
manner, and accompanied by such information as 
the Administrator may reasonably require. 
‘‘(2) CONTENTS.—Each application submitted 
under paragraph (1) shall describe— 
‘‘(A) the activities for which the applicant 
seeks assistance under this section; and 
‘‘(B) how the applicant plans to allocate 
funds within its network. 
‘‘(g) AWARD OF GRANTS.— 
‘‘(1) 
DEADLINE.—The 
Administrator 
shall 
award grants not later than 60 days after the pro-
mulgation of final rules and regulations under sub-
section (e).
‘‘(2) AMOUNT.—Each eligible applicant award-
ed a grant under this section shall receive a grant 
in an amount not greater than $300,000 per fiscal 
year. 
‘‘(h) REPORT.— 
‘‘(1) IN GENERAL.—The Comptroller General of 
the United States shall— 
‘‘(A) initiate an evaluation of the program 
not later than 30 months after the disburse-
ment of the first grant under this section; and 
‘‘(B) submit a report not later than 6 
months after the initiation of the evaluation 
under paragraph (1) to— 
‘‘(i) the Administrator; 
‘‘(ii) the Committee on Small Busi-
ness and Entrepreneurship of the Senate; 
and 
‘‘(iii) the Committee on Small Busi-
ness of the House of Representatives. 
‘‘(2) CONTENTS.—The report under paragraph 
(1) shall— 
‘‘(A) address the results of the evaluation 
conducted under paragraph (1); and
‘‘(B) recommend changes to law, if any, 
that it believes would be necessary or advisable 
to achieve the goals of this section. 
‘‘(i) AUTHORIZATION OF APPROPRIATIONS.— 
‘‘(1) IN GENERAL.—There are authorized to be 
appropriated to carry out this section— 
‘‘(A) $5,000,000 for the first fiscal year 
beginning after the date of enactment of the 
Military Reservist and Veteran Small Business 
Reauthorization and Opportunity Act of 2007; 
and 
‘‘(B) $5,000,000 for the fiscal year fol-
lowing the fiscal year described in subparagraph 
(A). 
‘‘(2) FUNDING OFFSET.—Amounts necessary to 
carry out this section shall be offset and made avail-
able through the reduction of the authorization of 
funding under section 20(e)(1)(B)(iv) of the Small 
Business Act (15 U.S.C. 631 note).’’. 
SEC. 204. 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 an additional grant to 
carry out a veterans assistance and services pro-
gram. 
‘‘(2) ELEMENTS OF PROGRAM.—Under a pro-
gram under paragraph (1), the 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, disabled 
veterans, military units, Federal agencies, 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 small busi-
ness owners. 
‘‘(3) MINIMUM
AMOUNT.—Each grant under 
this subsection shall be for at least $75,000.
‘‘(4) MAXIMUM AMOUNT.—A grant under this 
subsection may not exceed $250,000. 
‘‘(5) 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.’’. 
TITLE III—RESERVIST 
PROGRAMS 
SEC. 301. 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), waive the ending date 
specified in the preceding sentence and provide a 
later ending date.’’. 
(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 
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, shall 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 
(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, 
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. 302. RESERVIST LOANS. 
(a) IN GENERAL.—Section 7(b)(3)(E) of the Small 
Business Act (15 U.S.C. 636(b)(3)(E)) is amended by 
striking ‘‘$1,500,000’’ each place such term appears and 
inserting ‘‘$2,000,000’’. 
(b) LOAN INFORMATION.— 
(1) IN GENERAL.—The Administrator and the 
Secretary of Defense shall develop a joint website 
and printed materials providing information regard-
ing any program for small business concerns that is 
available to veterans or Reservists. 
(2) MARKETING.—The Administrator is author-
ized— 
(A) to advertise and promote the program 
under section 7(b)(3) of the Small Business Act 
jointly with the Secretary of Defense and vet-
erans’ service organizations; and 
(B) to advertise and promote participation 
by lenders in such program jointly with trade 
associations for banks or other lending institu-
tions. 
SEC. 303. 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
SEC. 305. 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 not subject to the Federal 
Credit Reform Act of 1990 (2 U.S.C. 661 et 
seq.) and is available to small business concerns 
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 
‘‘(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.).’’. 
SEC. 306. 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. 307. 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-
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 
(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. 308. INCREASED VETERAN PARTICIPATION PROGRAM. 
(a) IN GENERAL.—Section 7(a) of the Small Busi-
ness Act (15 U.S.C. 636(a)) is amended by adding at the 
end the following: 
‘‘(32) INCREASED
VETERAN
PARTICIPATION 
PROGRAM.—The Administrator shall carry out an 
Increased Veteran Participation Program. For a 
loan made under this paragraph, the following shall 
apply: 
‘‘(A) The loan shall be made to a business 
concern the majority ownership interest of 
which is directly held by individuals who are 
veterans of the Armed Forces or members of 
the reserve components of the Armed Forces. 
‘‘(B) The loan shall include the participa-
tion by the Administration equal to 90 percent
of the balance of the financing outstanding at 
the time of disbursement. 
‘‘(C) The fees on the loan under para-
graphs (18) and (23) shall not apply.’’. 
(b) NOTICE AND COMMENT.—The program required 
by section 7(a)(32) of the Small Business Act, as added 
by subsection (a), shall be established after the oppor-
tunity for notice and comment and not later than 180 days 
after the date of the enactment of this Act. 
Passed the House of Representatives December 6, 
2007. 
Attest: 
Clerk.