Section 1 Short title
This Act may be cited as the “National Guard and Reserve Entrepreneurship Support Act of 2016”.
National Guard and Reserve Entrepreneurship Support Act of 2016
A BILL
To support entrepreneurs serving in the National Guard and Reserve, and for other purposes.
Sec. 2 Extension of loan assistance and deferral eligibility to reservists beyond periods of military conflict
in subsection (b)(3)—
in subparagraph (A)—
in clause (i), by striking “concern;” and inserting “concern; and”;
by striking clause (ii); and
by redesignating clause (iii) as clause (ii); and
in subparagraph (B), by striking “during a period of military conflict”; and
in subsection (n)(1)—
in subparagraph (A), by striking “during a period of military conflict”;
by striking subparagraph (C); and
by redesignating subparagraph (D) as subparagraph (C).
Applicability to disaster loans— Section 402(e)(2) of the Veterans Entrepreneurship and Small Business Development Act of 1999 (Public Law 106–50; 15 U.S.C. 636 note) is amended by striking “as the result of a period of military conflict occurring or ending”.
Sec. 3 National Guard and Reserve Deployment Support and Business Training Program
Expansion of Small Business Administration outreach programs— Section 8(b)(17) of the Small Business Act (15 U.S.C. 637(b)(17)) is amended by striking “and members of a reserve component of the Armed Forces” and inserting “members of a reserve component of the Armed Forces, and the spouses of veterans and members of a reserve component of the Armed Forces”.
Establishment of program— Section 32 of the Small Business Act (15 U.S.C. 657b) is amended by adding at the end the following new subsection:
“(g) National Guard and Reserve Deployment Support and Business Training—In making grants carried out under section 8(b)(17), the Associate Administrator shall establish a program, to be known as the “National Guard and Reserve Deployment Support and Business Training Program”, to provide training, counseling and other assistance to support members of a reserve component of the Armed Forces and their spouses. In carrying out this section, the Associate Administrator may—
“(1) modify existing programs and resources made available through section 8(b)(17) to provide pre-deployment and other information specific to members of a reserve component of the Armed Forces and their spouses;
“(2) collaborate with the Chief of the National Guard Bureau or the Chief's designee, State Adjunct Generals or their designees, and other public and private partners; and
“(3) provide training, information and other resources to the Chief of the National Guard Bureau or the Chief's designee and State Adjunct Generals or their designees for the purpose of supporting members of a reserve component of the Armed Forces and the spouses of veterans and members of a reserve component of the Armed Forces.”