National Guard and Reserve Entrepreneurship Support Act of 2016

Summary

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 The condition "during a period of military conflict" is repealed to permit the extension of disaster assistance to a small business concern in such a circumstance even when the active duty is not during a period of military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.

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Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 9 June 2016

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• Reported to Senate (PDF)

  Reported to Senate · EN · 9 June 2016

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• Reported to Senate with amendment(s)

  summary · EN · 9 June 2016

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• Introduced in Senate (text)

  Introduced in Senate · EN · 26 May 2016

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 May 2016

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• Introduced in Senate

  summary · EN · 26 May 2016

  Open at official source

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