Military Reservist and Veteran Small Business Reauthorization and Opportunity Act of 2007

Bill: 110-s-1784
Sponsor: Sen. Kerry, John F. [D-MA]
Introduced: 2007-07-12 in the Senate
Policy area: Commerce
Subjects: Armed Forces and National Security
Armed forces reserves
Business education
Capital
Congress
Congressional investigations
Congressional reporting requirements
Disabled
Economics and Public Finance
Entrepreneurs
Federal advisory bodies
Government Operations and Politics
Government lending
Governmental investigations
Grants-in-aid
Industrial relations
Iraq compilation
Labor and Employment
Small Business Administration
Small business
Subcontractors
Veterans' employment
Women
Women in business

Summary:
action_date: 2007-07-12
text: 
Military Reservist and Veteran Small Business Reauthorization and Opportunity Act of 2007 - Increases funding, for each of FY2008-FY2010, for the Office of Veterans Business Development of the Small Business Administration (SBA), with the excess funds to be used to support veterans business outreach centers.
 
Amends the Small Business Act to direct the President to establish an interagency task force to coordinate federal efforts to increase capital and business development opportunities for, and the award of federal contracts and subcontracts to, small businesses owned and controlled by service-disabled veterans and veterans.
 
Extends permanently the SBA's Advisory Committee on Veterans Business Affairs.
 
National Reservist Enterprise Transition and Sustainability Act of 2007 - Directs the SBA Administrator to establish a program to provide business planning assistance to small businesses owned and operated by reservists.
 
Directs the Administrator to: (1) establish a loan pre-consideration process for small business loans to reservists; (2) develop an outreach and technical assistance program with respect to loans and grants made to reservists; and (3) give priority to reservists' loan applications. Increases the loan limit for such loans.
 
Authorizes the Administrator to make noncollateralized small business loans to reservists. Provides relief from SBA time limits in the case of certain veteran or service-disabled veteran small business loans.
 
Requires a: (1) report concerning types of assistance needed by service-disabled veterans who wish to become entrepreneurs; and (2) study on options for promoting positive working relations between employers and their reservist employees.


Legislative actions:
action_date: 2007-12-19
text: See also H.R.4253.
action_date: 2007-12-19
text: Ordered placed on Senate Legislative Calendar under General Orders. Calendar No. 550.
action_date: 2007-12-19
text: Senate incorporated this measure in H.R.4253 as an amendment.
action_date: 2007-12-19
text: Measure laid before Senate by unanimous consent. (consideration: CR S15950-15952)
action_date: 2007-12-19
text: Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.
action_date: 2007-12-19
text: Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.
action_date: 2007-07-12
text: Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S9150-9152)
action_date: 2007-07-12
text: Sponsor introductory remarks on measure. (CR S9149-9150)
action_date: 2007-07-12
text: Introduced in Senate