National Guard and Reserve Entrepreneurship Support Act of 2016

Bill: 114-s-3009
Sponsor: Sen. Shaheen, Jeanne [D-NH]
Introduced: 2016-05-26 in the Senate
Policy area: Commerce
Subjects: Business education
Conflicts and wars
Congressional oversight
Disaster relief and insurance
Government lending and loan guarantees
Military personnel and dependents
National Guard and reserves
Small business
Veterans' education, employment, rehabilitation

Summary:
action_date: 2016-05-26
text: 

National Guard and Reserve Entrepreneurship Support Act of 2016

 
This bill amends the Small Business Act and the Veterans Entrepreneurship and Small Business Development Act of 1999 to repeal a condition on the extension of disaster loan assistance to a small business concern that has suffered, or that is likely to suffer, substantial economic injury as the result of an essential employee's being ordered to active military duty during a period of military conflict.
 
The condition &quot;during a period of military conflict&quot; is repealed to permit the extension of disaster assistance to a small business concern in such a circumstance even when the active duty is not during a period of military conflict.
 
The same condition is removed from requirements for deferred repayment of principal and interest due on a direct loan to a qualified borrower who is an eligible armed forces reservist and who:
 
 
received a direct loan, including a disaster loan, from the Small Business Administration (SBA) before being ordered to active duty; or 
 
is an essential employee ordered to active duty from a small business concern that received a direct loan, including a disaster loan, from the SBA.
 
 
The SBA shall to make grants and enter into contracts and cooperative agreements with specified public and private entities for outreach programs for the spouses of veterans and members of a reserve component of the armed forces.
 
 In making such grants the SBA shall establish a National Guard and Reserve Deployment Support and Business Training Program to give training, counseling and other assistance to support members of a reserve component of the armed forces and their spouses.

action_date: 2016-06-09
text: 

National Guard and Reserve Entrepreneurship Support Act of 2016

 
(Sec. 2) This bill amends the Small Business Act and the Veterans Entrepreneurship and Small Business Development Act of 1999 to revise a condition on the extension of disaster loan assistance to a small business concern that has suffered, or that is likely to suffer, substantial economic injury as the result of an essential employee's being ordered to active military duty during a period of military conflict.
 
The condition &quot;being ordered to active military duty during a period of military conflict&quot; shall change to read &quot;being ordered to deploy as part of active military duty.&quot; This change shall permit the extension of disaster assistance to a small business concern in such a circumstance even when deployment is not during a period of military conflict.
 
The same condition is revised in requirements for deferred repayment of principal and interest due on a direct loan to a qualified borrower who is an eligible armed forces reservist and who:
 
 
received a direct loan, including a disaster loan, from the Small Business Administration (SBA) before being ordered to active duty; or 
 
is an essential employee ordered to active duty from a small business concern that received a direct loan, including a disaster loan, from the SBA.
 
 
The President shall report semiannually to specified congressional committees on the number of loans, and their dollar amount, made under the Military Reservist Economic Injury Disaster Loan program, including the subsidy rate of those loans.
 
(Sec. 3) The SBA shall to make grants and enter into contracts and cooperative agreements with specified public and private entities for outreach programs for the spouses of veterans and members of a reserve component of the armed forces.
 
 In making such grants the SBA shall establish a National Guard and Reserve Deployment Support and Business Training Program to give training, counseling and other assistance to support members of a reserve component of the armed forces and their spouses.
 
In establishing this program the SBA may:
 
 
 modify existing programs and resources to disseminate pre-deployment and other information specific to members of a reserve component of the Armed Forces and their spouses;
 
collaborate with the National Guard Bureau (NGB), State Adjutant Generals (or their designees), and other public and private partners; and
 
furnish training, information, and other resources to the NGB and State Adjutant Generals (or designees) to support members of a reserve component of the armed forces, their spouses, and the spouses of veterans.
 


Legislative actions:
action_date: 2016-12-20
text: By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report under authority of the order of the Senate of 12/10/2016. Report No. 114-422.
action_date: 2016-12-20
text: By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report under authority of the order of the Senate of 12/10/2016. Report No. 114-422.
action_date: 2016-06-09
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 510.
action_date: 2016-06-09
text: Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.
action_date: 2016-06-09
text: Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.
action_date: 2016-06-08
text: Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
action_date: 2016-05-26
text: Read twice and referred to the Committee on Small Business and Entrepreneurship.
action_date: 2016-05-26
text: Introduced in Senate