[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 2407 Introduced in Senate (IS)]







105th CONGRESS
  2d Session
                                S. 2407

 To amend the Small Business Act and the Small Business Investment Act 
 of 1958 to improve the programs of the Small Business Administration.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 31, 1998

Mr. Bond (for himself, Mr. Coverdell, Mr. Domenici, Mr. Kempthorne, and 
  Ms. Snowe) introduced the following bill; which was read twice and 
              referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
 To amend the Small Business Act and the Small Business Investment Act 
 of 1958 to improve the programs of the Small Business Administration.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Programs 
Restructuring and Reform Act of 1998''.

SEC. 2. WOMEN'S BUSINESS CENTER PROGRAM.

    (a) Findings.--Congress finds that--
            (1) with small business concerns owned and controlled by 
        women being created at a rapid rate in the United States, there 
        is a need to increase the authorization level for the women's 
        business center program under section 29 of the Small Business 
        Act (15 U.S.C. 656) in order to establish additional women's 
        business center sites throughout the Nation that focus on 
        entrepreneurial training programs for women; and
            (2) increased funding for the women's business center 
        program will ensure that--
                    (A) new women's business center sites can be 
                established to reach women located in geographic areas 
                not presently served by an existing women's business 
                center without jeopardizing the full funding of 
                existing women's business centers for the term 
                prescribed by law; and
                    (B) the Small Business Administration achieves the 
                goal of establishing at least 1 sustainable women's 
                business center in each State.
    (b) Authorization of Appropriations.--
            (1) In general.--Section 29(k)(1) of the Small Business Act 
        (15 U.S.C. 656(k)(1)) is amended to read as follows:
            ``(1) Authorization.--There is authorized to be 
        appropriated to carry out this section, $12,000,000 for fiscal 
        year 1999 and each fiscal year thereafter.''.
            (2) Effective date.--The amendment made by this subsection 
        shall take effect on October 1, 1998.
    (c) Terms of Assistance.--
            (1) In general.--Section 308(b) of the Small Business 
        Reauthorization Act of 1997 (15 U.S.C. 656 note) is amended--
                    (A) by striking ``(b)'' and all that follows 
                through ``paragraph (2), any organization'' and 
                inserting the following:
    ``(b) Applicability.--Any organization''; and
                    (B) by striking paragraph (2).
            (2) Effective date.--The amendment made by this subsection 
        shall take effect as if included in the enactment of the Small 
        Business Reauthorization Act of 1997.
    (d) General Accounting Office Reporting Requirements.--
            (1) Baseline report.--Not later than October 31, 1999, the 
        Comptroller General of the United States shall--
                    (A) conduct a review of the administration of the 
                women's business center program under section 29 of the 
                Small Business Act (15 U.S.C. 656) by the Office of 
                Women's Business Ownership of the Small Business 
                Administration, which shall include an analysis of--
                            (i) the operation of the women's business 
                        center program by the Administration;
                            (ii) the efforts of the Administration to 
                        meet the legislative objectives established for 
                        the program;
                            (iii) the oversight role of the 
                        Administration of the operations of women's 
                        business centers;
                            (iv) the manner in which the women's 
                        business centers operate;
                            (v) the benefits provided by the women's 
                        business centers to small business concerns 
                        owned and controlled by women; and
                            (vi) any other matters that the Comptroller 
                        General determines to be appropriate; and
                    (B) submit to the Committees on Small Business of 
                the Senate and House of Representatives a report 
                describing the results of the review under subparagraph 
                (A).
            (2) Followup report.--Not later than October 31, 2002, the 
        Comptroller General of the United States shall--
                    (A) conduct a review of any changes, during the 
                period beginning on the date on which the report is 
                submitted under paragraph (1)(B) and ending on the date 
                on which the report is submitted under subparagraph (B) 
                of this paragraph, in the administration of the women's 
                business center program under section 29 of the Small 
                Business Act (15 U.S.C. 656) by the Office of Women's 
                Business Ownership of the Small Business 
                Administration, which shall include an analysis of any 
                changes during that period in--
                            (i) the operation of the women's business 
                        center program by the Administration;
                            (ii) the efforts of the Administration to 
                        meet the legislative objectives established for 
                        the program;
                            (iii) the oversight role of the 
                        Administration of the operations of women's 
                        business centers;
                            (iv) the manner in which the women's 
                        business centers operate;
                            (v) the benefits provided by the women's 
                        business centers to small business concerns 
                        owned and controlled by women; and
                            (vi) any other matters that the Comptroller 
                        General determines to be appropriate; and
                    (B) submit to the Committees on Small Business of 
                the Senate and House of Representatives a report 
                describing the results of the review under subparagraph 
                (A).

SEC. 3. SBIR PROGRAM.

    (a) Assistive Technology.--Section 9(c) of the Small Business Act 
(15 U.S.C. 638(c)) is amended by adding at the end the following: ``In 
order to carry out the purposes of this section, the Administration 
shall, to the maximum extent practicable, encourage Federal agencies to 
fund programs for the research and development of assistive and 
universally designed technology that is designed to result in the 
availability of new products for individuals with disabilities (as 
defined in section 3 of the Americans with Disabilities Act of 1990 (42 
U.S.C. 12102)).''.
    (b) Federal Agency Expenditures for the SBIR Program.--
            (1) Required expenditure amounts; definition of extramural 
        budget.--Section 9(f)(1) of the Small Business Act (15 U.S.C. 
        638(f)(1)) is amended--
                    (A) by striking subparagraphs (A) through (C) and 
                inserting the following:
                    ``(A) not less than 2.5 percent of that budget in 
                each of fiscal years 1999 and 2000;
                    ``(B) not less than 2.75 percent of that budget in 
                fiscal year 2001;
                    ``(C) not less than 3 percent of that budget in 
                fiscal year 2002;
                    ``(D) not less than 3.25 percent of that budget in 
                fiscal year 2003; and
                    ``(E) not less than 3.5 percent of that budget in 
                each fiscal year thereafter;''; and
                    (B) by adding at the end the following: 
                ``Notwithstanding any other provision of law, any rule, 
                regulation, or order promulgated by the Director of the 
                Office of Management and Budget relating to the 
                definition of the term `extramural budget' in 
                subsection (e)(1) shall, except with respect to the 
                Federal agencies specifically identified in that 
                subsection, apply uniformly to all departments and 
                agencies of the Federal Government that are subject to 
                the requirements of this section.''.
            (2) Limitations relating to administrative costs.--Section 
        9(f)(2) of the Small Business Act (15 U.S.C. 638(f)(2)(A)) is 
        amended--
            (1) in the matter preceding subparagraph (A), by striking 
        ``A Federal agency'' and inserting ``In any fiscal year, a 
        Federal agency''; and
            (2) in subparagraph (A)--
                    (A) by striking ``any of'' and inserting ``more 
                than the lesser of $2,000,000 or 2 percent of''; and
                    (B) by inserting ``, funding program outreach for 
                States receiving 25 or fewer awards in that fiscal 
                year, and funding increased activities to promote 
                commercialization of SBIR awards, of which not less 
                than one-third shall be used to support program 
                outreach'' before the semicolon.
    (d) Repeal of Termination Provision.--Section 9 of the Small 
Business Act (15 U.S.C. 638) is amended by striking subsection (m) and 
inserting the following:
    ``(m) [Reserved].''.

SEC. 4. SBIC PROGRAM.

    Section 308(i)(2) of the Small Business Investment Act of 1958 (15 
U.S.C. 687(i)(2)) is amended by adding at the end the following: ``In 
this paragraph, the term `interest' includes only the maximum mandatory 
sum, expressed in dollars or as a percentage rate, that is payable with 
respect to the business loan amount received by the small business 
concern, and does not include the value, if any, of contingent 
obligations, including warrants, royalty, or conversion rights, 
granting the small business investment company an ownership interest in 
the equity or future revenue of the small business concern receiving 
the business loan.''.

SEC. 5. CERTIFIED DEVELOPMENT COMPANY PROGRAM.

    (a) In General.--Title V of the Small Business Investment Act of 
1958 (15 U.S.C. 695 et seq.) is amended by adding at the end the 
following:

``SEC. 510. FORECLOSURE AND LIQUIDATION OF LOANS.

    ``(a) In General.--The Administration shall authorize qualified 
State and local development companies (as defined in section 503(e)) 
that meet the requirements of subsection (b) to foreclose and liquidate 
loans in the portfolios of those companies that are funded with the 
proceeds of debentures guaranteed by the Administration under section 
503.
    ``(b) Requirements.--The requirements of this subsection are that--
            ``(1) the qualified State or local development company--
                    ``(A) participated in the loan liquidation pilot 
                program established by section 204 of the Small 
                Business Programs Improvement Act of 1996 (15 U.S.C. 
                695 note), as in effect on the day before the 
                promulgation of final regulations by the Administration 
                implementing this section; or
                    ``(B) is participating in the Accredited Lenders 
                Program under section 507 or the Premier Certified 
                Lenders Program under section 508; or
            ``(2)(A) during the 3 most recent fiscal years, the 
        qualified State or local development company has made an 
        average of not less than 10 loans per year that are funded with 
        the proceeds of debentures guaranteed under section 503; and
            ``(B) 1 or more of the employees of the qualified State or 
        local development company have--
                    ``(i) not less than 1 year of experience in 
                administering the liquidation and workout of problem 
                loans secured in a manner substantially similar to 
                loans funded with the proceeds of debentures guaranteed 
                under section 503; or
                    ``(ii) completed a training program on loan 
                liquidation developed by the Administration in 
                conjunction with qualified State and local development 
                companies that meet the requirements of this 
                subsection.
    ``(c) Authority of Development Companies.--
            ``(1) In general.--Each qualified State or local 
        development company authorized to foreclose and liquidate loans 
        under this section shall, with respect to any loan described in 
        subsection (a) in the portfolio of the development company that 
        is in default--
                    ``(A) perform all liquidation and foreclosure 
                functions, including the purchase of any other 
                indebtedness secured by the property securing the loan, 
                in a reasonable and sound manner and according to 
                commercially accepted practices, pursuant to a 
                liquidation plan, which shall be approved in advance by 
                the Administration in accordance with paragraph (2)(A);
                    ``(B) litigate any matter relating to the 
                performance of the functions described in subparagraph 
                (A), except that the Administration may monitor the 
                conduct of any such litigation to which the qualified 
                State or local development company is a party; and
                    ``(C) take other appropriate actions to mitigate 
                loan losses in lieu of total liquidation or 
                foreclosure, including restructuring the loan, which 
                such actions shall be in accordance with prudent loan 
                servicing practices and pursuant to a workout plan, 
                which shall be approved in advance by the 
                Administration in accordance with paragraph (2)(C).
            ``(2) Administration approval.--
                    ``(A) Liquidation plan.--In carrying out paragraph 
                (1), a qualified State or local development company 
                shall submit to the Administration a proposed 
                liquidation plan. Any request under this subparagraph 
                shall be approved or denied by the Administration not 
                later than 10 business days after the date on which the 
                request is submitted. If the Administration does not 
                approve or deny a request for approval of a liquidation 
                plan before the expiration of the 10-business day 
                period beginning on the date on which the request is 
                submitted, the request shall be considered to be 
                approved.
                    ``(B) Purchase of indebtedness.--In carrying out 
                paragraph (1)(A), a qualified State or local 
                development company shall submit to the Administration 
                a request for written approval from the Administration 
                before committing the Administration to purchase any 
                other indebtedness secured by the property securing the 
                loan at issue. Any request under this subparagraph 
                shall be approved or denied by the Administration not 
                later than 10 business days after the date on which the 
                request is submitted.
                    ``(C) Workout plan.--In carrying out paragraph 
                (1)(C), a qualified State or local development company 
                may submit to the Administration a proposed workout 
                plan. Any request under this subparagraph shall be 
                approved or denied by the Administration not later than 
                20 business days after the date on which the request is 
                submitted. If the Administration does not approve or 
                deny a request for approval of a workout plan before 
                expiration of the 20-business day period beginning on 
                the date on which the request is submitted, the request 
                shall be considered to be approved.
            ``(3) Conflict of interest.--A qualified State or local 
        development company that is liquidating or foreclosing a loan 
        under this section shall not take any action that would result 
        in an actual or apparent conflict of interest between the 
        qualified State or local development company, or any employee 
        thereof, and any third party lender, associate of a third party 
        lender, or any other person participating in any manner in the 
        liquidation or foreclosure of the loan.
    ``(d) Suspension or Revocation of Authority.--The authority of a 
qualified State or local development company to foreclose and liquidate 
loans under this section may be suspended or revoked by the 
Administration, if the Administration determines that the qualified 
State or local development company--
            ``(1) does not meet the requirements of subsection (b); or
            ``(2) has failed to comply with any requirement of this 
        section or any applicable rule or regulation of the 
        Administration regarding the foreclosure and liquidation of 
        loans under this section, or has violated any other applicable 
        provision of law.
    ``(e) Report.--
            ``(1) In general.--The Administration shall annually submit 
        to the Committees on Small Business of the House of 
        Representatives and the Senate a report on the results of the 
        delegation of authority to qualified State and local 
        development companies to liquidate and foreclose loans under 
        this section.
            ``(2) Information included.--Each report under this 
        paragraph shall include information, with respect to each 
        qualified State or local development company authorized to 
        foreclose and liquidate loans under this section, and in the 
        aggregate, relating to--
                    ``(A) the total dollar amount of each loan 
                liquidated and the total cost of each project financed 
                with that loan;
                    ``(B) the total dollar amount guaranteed by the 
                Administration;
                    ``(C) total dollar losses;
                    ``(D) total recoveries both as a percentage of the 
                amount guaranteed and the total cost of the project 
                financed; and
                    ``(E) a comparison between--
                            ``(i) the information described in 
                        subparagraphs (A) through (D) with respect to 
                        loans foreclosed and liquidated by qualified 
                        State and local development companies under 
                        this section during the 3-year period preceding 
                        the date on which the report is submitted; and
                            ``(ii) the same information with respect to 
                        loans foreclosed and liquidated by the 
                        Administration during that period.''.
    (b) Regulations.--
            (1) In general.--Not later than 120 days after the date of 
        enactment of this Act, the Administrator of the Small Business 
        Administration shall promulgate such regulations as may be 
        necessary to carry out section 510 of the Small Business 
        Investment Act of 1958, as added by subsection (a) of this 
        section.
            (2) Elimination of pilot program.--Effective on the date on 
        which final regulations are promulgated under paragraph (1), 
        section 204 of the Small Business Programs Improvement Act of 
        1996 (15 U.S.C. 695 note) is repealed.

SEC. 6. SMALL BUSINESS FEDERAL CONTRACT SET-ASIDES.

    Section 15(h) of the Small Business Act (15 U.S.C. 644(h)) is 
amended--
            (1) by redesignating paragraphs (2) and (3) as paragraphs 
        (3) and (4), respectively;
            (2) by inserting after paragraph (1) the following:
    ``(2)(A) Not later than 180 days after the last day of each fiscal 
year, based on the reports submitted under paragraph (1) for that 
fiscal year, the Administration shall submit to the Committees on Small 
Business of the House of Representatives and the Senate a report, which 
shall include--
            ``(i) the information required by paragraph (3);
            ``(ii) a detailed description of the procurement data that 
        is included in the reports submitted under paragraph (1) for 
        that fiscal year, which shall identify--
                    ``(I) any data on contracts from Federal agencies 
                that is excluded from those reports, accompanied by an 
                explanation for such exclusion; and
                    ``(II) each Federal agency that has submitted a 
                report that deviates from the requirements of 
                paragraphs (3) and (4), accompanied by an explanation 
                of the reasons for each such deviation;
            ``(iii) a detailed description of any change in statistical 
        methodology used by any Federal agency that is reflected in any 
        statistic in the report submitted under paragraph (1) for that 
        fiscal year, including any inclusion or exclusion of the value 
        of any contracts or types of contracts in any statistic 
        represented by the Federal agency in the report submitted under 
        paragraph (1) as the total value of contracts or subcontracts 
        awarded by the Federal agency or as the total value of 
        contracts or subcontracts awarded to small business concerns; 
        and
            ``(iv) with respect to each change in statistical 
        methodology by a Federal agency described in clause (iii), a 
        separate calculation (which shall be provided to the 
        Administration by the Federal agency) of the total value of 
        contracts for that fiscal year, using the statistical 
        methodology used by the Federal agency during each of the 2 
        preceding fiscal years.
    ``(B)(i) Not less than 45 days before issuing any waiver or 
permissive letter allowing any Federal agency or group of agencies to 
make any change in statistical methodology described in subparagraph 
(A)(iii), the Administration shall submit to the Committees on Small 
Business of the House of Representatives and the Senate, and to the 
Chief Counsel for Advocacy of the Administration, a copy of that waiver 
or letter.
    ``(ii) Not later than 30 days after the submission of a waiver or 
letter under clause (i), the Chief Counsel for Advocacy of the 
Administration shall submit to the Committees on Small Business of the 
House of Representatives and the Senate, and to each affected Federal 
agency, the written comments of the Chief Counsel regarding the 
appropriateness of the decision of the Administration to issue the 
waiver or letter.''; and
            (3) in paragraph (4), as redesignated, by striking 
        ``paragraph (2)'' and inserting ``paragraphs (2) and (3)''.

SEC. 7. ASSISTANCE FOR VETERANS.

    (a) Definitions.--Section 3 of the Small Business Act (15 U.S.C. 
632) is amended by adding at the end the following:
    ``(q) Definitions Relating to Veterans.--In this Act:
            ``(1) Service-disabled veteran.--The term `service-disabled 
        veteran' means a veteran with a disability that is service-
        connected (as defined in section 101(16) of title 38, United 
        States Code).
            ``(2) Small business concern owned and controlled by 
        service-disabled veterans.--The term `small business concern 
        owned and controlled by service-disabled veterans' means a 
        small business concern--
                    ``(A) not less than 51 percent of which is owned by 
                1 or more service-disabled veterans or, in the case of 
                any publicly owned business, not less than 51 percent 
                of the stock of which is owned by 1 or more service-
                disabled veterans; and
                    ``(B) the management and daily business operations 
                of which are controlled by 1 or more service-disabled 
                veterans.
            ``(3) Small business concern owned and controlled by 
        veterans.--The term `small business concern owned and 
        controlled by veterans' means a small business concern--
                    ``(A) not less than 51 percent of which is owned by 
                1 or more veterans or, in the case of any publicly 
                owned business, not less than 51 percent of the stock 
                of which is owned by 1 or more veterans; and
                    ``(B) the management and daily business operations 
                of which are controlled by 1 or more veterans.
            ``(4) Veteran.--The term `veteran' has the meaning given 
        the term in section 101(2) of title 38, United States Code.''.
    (b) Office of Veterans Business Development.--
            (1) Associate administrator for veterans business 
        development.--Section 4(b)(1) of the Small Business Act (15 
        U.S.C. 633(b)(1)) is amended--
                    (A) in the fifth sentence, by striking ``four'' and 
                inserting ``5''; and
                    (B) by inserting after the fifth sentence the 
                following: ``One shall be the Associate Administrator 
                for Veterans Business Development, who shall administer 
                the Office of Veterans Business Development established 
                under section 32.''.
            (2) Establishment of office.--The Small Business Act (15 
        U.S.C. 631 et seq.) is amended--
                    (A) by redesignating section 32 as section 33; and
                    (B) by inserting after section 31 the following:

``SEC. 32. VETERANS PROGRAMS.

    ``(a) Office of Veterans Business Development.--
            ``(1) Establishment.--There is established in the 
        Administration an Office of Veterans Business Development, 
        which shall be administered by the Associate Administrator for 
        Veterans Business Development (in this section referred to as 
        the `Associate Administrator') appointed under section 4(b)(1).
            ``(2) Associate administrator for veterans business 
        development.--The Associate Administrator shall be--
                    ``(A) a career appointee in the competitive service 
                or in the Senior Executive Service; and
                    ``(B) responsible for the formulation and execution 
                of the policies and programs of the Administration that 
                provide assistance to small business concerns owned and 
                controlled by veterans and small business concerns 
                owned and controlled by service-disabled veterans.
    ``(b) Advisory Committee on Veterans Business Affairs.--
            ``(1) In general.--There is established an advisory 
        committee to be known as the Advisory Committee on Veterans 
        Business Affairs (in this subsection referred to as the 
        `Committee'), which shall serve as an independent source of 
        advice and policy recommendations to the Administrator (through 
        the Associate Administrator), to Congress, and to the 
        President.
            ``(3) Membership.--
                    ``(A) In general.--The Committee shall be composed 
                of 15 members, each of whom shall be appointed by the 
                Administrator, of whom--
                            ``(i) 8 shall be veterans who are owners of 
                        small business concerns; and
                            ``(ii) 7 shall be representatives of 
                        national veterans service organizations.
                    ``(B) Political affiliation.--Not more than 8 
                members of the Committee shall be of the same political 
                party as the President.
                    ``(C) Prohibition on federal employment.--No member 
                of the Committee may be an officer or employee of the 
                Federal Government. If any member of the Committee 
                commences employment as an officer or employee of the 
                Federal Government after the date on which the member 
                is appointed to the Committee, the member may continue 
                to serve as a member of the Committee for not more than 
                30 days after the date on which the member commences 
                employment as such an officer or employee.
                    ``(D) Service term.--Each member of the Committee 
                shall serve for a term of 3 years.
                    ``(E) Vacancies.--Not later than 30 days after the 
                date on which a vacancy in the membership of the 
                Committee occurs, the vacancy be filled in the same 
                manner as the original appointment.
                    ``(F) Chairperson.--The Committee shall select a 
                Chairperson from among the members of the Committee. 
                Any vacancy in the office of the Chairperson of the 
                Committee shall be filled by the Committee at the first 
                meeting of the Committee following the date on which 
                the vacancy occurs.
                    ``(G) Initial appointments.--Not later than 60 days 
                after the date of enactment of this Act, the 
                Administrator shall appoint the initial members of the 
                Committee.
            ``(3) Duties.--The Committee shall--
                    ``(A) review, coordinate, and monitor plans and 
                programs developed in the public and private sectors, 
                that affect the ability of veteran-owned business 
                enterprises to obtain capital and credit;
                    ``(B) promote and assist in the development of 
                business information and surveys relating to veterans;
                    ``(C) monitor and promote the plans, programs, and 
                operations of the departments and agencies of the 
                Federal Government that may contribute to the 
                establishment and growth of veteran's business 
                enterprises;
                    ``(D) develop and promote new initiatives, 
                policies, programs, and plans designed to foster 
                veteran's business enterprises; and
                    ``(E) advise and assist in the design of a 
                comprehensive plan, which shall be updated annually, 
                for joint public-private sector efforts to facilitate 
                growth and development of veteran's business 
                enterprises.
            ``(4) Powers.--
                    ``(A) Hearings.--The Committee may hold such 
                hearings, sit and act at such times and places, take 
                such testimony, and receive such evidence as the 
                Committee considers advisable to carry out the duties 
                of the Committee under this subsection.
                    ``(B) Information from federal agencies.--The 
                Committee may secure directly from any department or 
                agency of the Federal Government such information as 
                the Committee considers to be necessary to carry out 
                the duties of the Committee under this subsection. Upon 
                request of the Chairperson of the Committee, the head 
                of such department or agency shall furnish such 
                information to the Committee.
                    ``(C) Postal services.--The Committee may use the 
                United States mails in the same manner and under the 
                same conditions as other departments and agencies of 
                the Federal Government.
                    ``(D) Gifts.--The Committee may accept, use, and 
                dispose of gifts or donations of services or property.
            ``(5) Meetings.--
                    ``(A) In general.--The Committee shall meet not 
                less than biannually at the call of the Chairperson, 
                and otherwise upon the request of the Administrator.
                    ``(B) Location.--Each meeting of the full Committee 
                shall be held at the headquarters of the Administration 
                located in Washington, District of Columbia. The 
                Administrator shall provide suitable meeting facilities 
                and such administrative support as may be necessary for 
                each meeting of the Committee.
            ``(6) Personnel matters.--
                    ``(A) No compensation.--Members of the Committee 
                shall serve without compensation for their services to 
                the Committee.
                    ``(B) Travel expenses.--The members of the 
                Committee shall be reimbursed for travel and 
                subsistence expenses in the same manner and to the same 
                extent as members of advisory boards and committees 
                under section 8(b)(13).
    ``(c) Score Program.--The Administrator shall enter into a 
memorandum of understanding with the Service Core of Retired Executives 
(in this subsection referred to as `SCORE') participating in the 
program under section 8(b)(1)(B) for--
            ``(1) the appointment by SCORE in its national office of a 
        National Veterans Business Coordinator, whose exclusive duties 
        shall be those relating to veterans' business matters, and who 
        shall be responsible for the establishment and administration 
        of a program to provide entrepreneurial counseling and training 
        to veterans through the chapters of SCORE throughout the United 
        States;
            ``(2) the establishment and maintenance of a toll-free 
        telephone number and an Internet website to provide access for 
        veterans to information about the entrepreneurial services 
        available to veterans through SCORE; and
            ``(3) the collection of statistics concerning services 
        provided by SCORE to veterans and service-disabled veterans and 
        the inclusion of those statistics in each annual report 
        published by the Administrator under section 4(b)(2)(B).
    ``(d) Annual Report.--The Administrator shall annually submit to 
the Committees on Small Business of the House of Representative and the 
Senate a report on the needs of small business concerns owned by 
controlled by veterans and small business concerns owned and controlled 
by service-disabled veterans, which shall include--
            ``(1) the availability of programs of the Administration 
        for and the degree of utilization of those programs by those 
        small business concerns during the preceding 12-month period;
            ``(2) the percentage and dollar value of Federal contracts 
        awarded to those small business concerns during the preceding 
        12-month period; and
            ``(3) proposed methods to improve delivery of all Federal 
        programs and services that could benefit those small business 
        concerns.''.
    (c) Office of Advocacy.--Section 202 of Public Law 94-305 (15 
U.S.C. 634b) is amended--
            (1) in paragraph (10), by striking ``and'' at the end;
            (2) in paragraph (11), by striking the period at the end 
        and inserting ``; and''; and
            (3) by adding at the end the following:
            ``(12) evaluate the efforts of each Federal agency and of 
        private industry to assist small business concerns owned and 
        controlled by veterans and small business concerns owned and 
        controlled by service-disabled veterans, and make appropriate 
        recommendations to the Administrator and to Congress in order 
        to promote the establishment and growth of those small business 
        concerns.''.
    (d) Microloan Program.--Section 7(m)(1)(A)(i) of the Small Business 
Act (15 U.S.C. 636(m)(1)(A)(i)) is amended by striking ``low-income, 
and'' and inserting ``low-income individuals, veterans,''.
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