Improvement of National Veterans Business Development Corporation

(a)

Improvement

Section 33(c) of the Small Business Act (15 U.S.C. 657c(c)) is amended— (1)in paragraph (1), by striking nine and inserting 11; (2)by striking paragraph (2) and inserting the following new paragraph (2):

(2)

Appointment of voting members

(A)

Presidential appointments

(i)

In general

The President shall, after considering recommendations submitted under clause (ii), appoint 7 of the 11 voting members of the Board, all of whom shall be United States citizens, and not more than 5 of whom shall be members of the same political party. (ii)

Recommendations

Recommendations shall be submitted to the President for appointments under this subparagraph by the chairman or ranking member (or both) of the Committee on Small Business and Entrepreneurship or the Committee on Veterans’ Affairs (or both) of the Senate or the Committee on Small Business or the Committee on Veterans’ Affairs (or both) of the House of Representatives. (B)

Congressional appointments

The chairmen of the Committee on Small Business and Entrepreneurship and the Committee on Veterans’ Affairs of the Senate and the Committee on Small Business and the Committee on Veterans’ Affairs of the House of Representatives shall jointly appoint 4 of the 11 voting members of the Board who shall be representatives of a congressionally chartered veterans’ service organization or military service organization. (C)

Limitation on internal recommendations

No member of the Board may recommend an individual for appointment to a position on the Board.

;

(3)in paragraph (3), by adding at the end the following new sentences: The president and directors of each of the 3 veterans business resource centers that have received grants from the Corporation that are located in Flint, Michigan, St. Louis, Missouri, and Boston, Massachusetts, shall provide expertise and advice to the Board of Directors, as appropriate.; (4)in paragraph (6)(C), by striking the second sentence and inserting the following new sentence: No member of the Board may serve after the expiration of the term for which that member is appointed.; and (5)by adding at the end the following new paragraphs:

(12)

Removal of members

With the approval of a majority of the Board of Directors and the approval of the chairmen and ranking members of the Committee on Small Business and Entrepreneurship and the Committee on Veterans’ Affairs of the Senate, the Corporation may remove a member of the Board who is determined to be unable to fulfill the member’s duties under this section. (13)

Meetings

All meetings of the Board of Directors shall be conducted in public and members of the general public shall have access to such meetings. The Board shall record minutes for each meeting and make such minutes available on the Internet website of the Corporation. Two meetings shall be held in Washington, DC, each year. (14)

Notice to stakeholders

The Board of Directors shall establish a list of stakeholders in the Corporation and shall, to the extent possible, provide to each individual on the list notice of the meetings and agenda of the Board. If providing such notice is not possible, the Board shall make such notice publicly available on the Internet website of the Corporation.

(b)

Conforming amendment

Section 33(c)(6)(B) of the Small Business Act (14 U.S.C. 657c(c)(6)(B)) is amended by striking by the President. (c)

Congressional appointments

Not later than 90 days after the date of the enactment of this Act, two appointments shall be made under subparagraph (B) of section 33(c)(2) of the Small Business Act, as added by subsection (a). Upon the expiration of each the first two terms of appointment of members of the Board of Directors of the National Veterans Business Development Corporation that expire after the date of the enactment of this Act, an additional appointment shall be made under that subparagraph.