Bill summaries are authored by CRS.

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Passed Senate amended (08/05/1999)

Veterans Entrepreneurship and Small Business Development Act of 1999 - Title I: General Provisions - Amends the Small Business Act (the Act) to revise or add definitions.

Title II: Veterans Business Development - Designates the position of Associate Administrator for Veterans Business Development. Establishes the Office of Veterans Business Development, to be administered by such Associate Administrator, who shall be responsible for the formulation, execution, and promotion of policies and programs of the Small Business Administration (SBA) that provide assistance to small businesses owned and controlled by veterans and service-disabled veterans (veteran small businesses).

(Sec. 202) Establishes the National Veterans Business Development Corporation to: (1) expand the provision of and improve access to technical assistance regarding entrepreneurship for veterans; and (2) work with and organize public and private resources and the business development staffs of each Federal department and agency to assist veterans, including service-disabled veterans, with the formation and expansion of small businesses. Requires the Corporation to establish and maintain a network of information and assistance centers for use by veterans and the public. Requires an annual report from the Corporations's Board of Directors to the President and Congress describing its activities and accomplishments for the preceding year. Directs the Corporation to establish a Professional Certification Advisory Board to create uniform guidelines and standards for the professional certification of members of the armed forces to aid in their transition to civilian occupations and professions and to remove potential barriers in the areas of licensing and certification. Authorizes appropriations for FY 2000 through 2003. Provides Corporation matching fund requirements. Directs the Comptroller General to evaluate Corporation effectiveness and report results to Congress.

(Sec. 203) Establishes the Advisory Committee on Veterans Business Affairs to serve as an independent source of advice and policy recommendations concerning veterans' business affairs. Requires an annual Committee report to Congress and the President on its activities and recommendations. Terminates the Committee on September 30, 2004, after which its duties and responsibilities shall be assumed by the Corporation established under the preceding section.

Title III: Technical Assistance - Directs the SBA Administrator to enter into a memorandum of understanding with the Service Corps of Retired Executives (SCORE) for the: (1) appointment by SCORE in its national office of an individual to act as National Veterans Business Coordinator; (2) assistance of SCORE in establishing and maintaining a toll-free telephone number and Internet website to provide access for veterans to information about entrepreneurship counseling and training available through SCORE; and (3) collection of statistics concerning services provided by SCORE to veterans.

(Sec. 302) Requires the Secretary of Veterans Affairs, the SBA Administrator, and the head of the association formed by small business development centers under the Act to enter into a memorandum of understanding with respect to entrepreneurial assistance to veterans through small business development centers and facilities of the Department of Veterans Affairs.

(Sec. 303) Directs the SBA to utilize its entrepreneurial development and management assistance programs to provide business counseling and training to any small businesses adversely affected by the deployment of U.S. armed forces in support of a period of military conflict. Requires the SBA, for the duration of Operation Allied Force and 120 days thereafter, to enhance publicity of the availability of such assistance.

Title IV: Financial Assistance - Includes a service-disabled veteran within the definition of "handicapped individual" eligible for SBA-guaranteed general business loans.

(Sec. 402) Requires the SBA, upon written request, to defer repayment of principal and interest due on a direct general business or disaster loan made to a member of the reserves ordered to active duty during a period of military conflict, as long as such reservist: (1) received the loan before being ordered to such duty; and (2) is an essential employee of a small business for which the loan was made. Extends such deferral period until 180 days after such reservist is discharged or released from active duty. Directs the SBA to encourage lenders and loan intermediaries participating in other SBA loan programs to defer repayment of similar loans as well as loans made under the Small Business Investment Act of 1958.

Authorizes the SBA to make disaster loans to assist a small business that has suffered or is likely to suffer economic injury as the result of an essential employee of such business being ordered to active duty during a period of military conflict. Extends such assistance until 90 days after such reservist is discharged or released from such duty. Provides a loan limitation. Applies such assistance to periods of military conflict occurring on or after March 24, 1999.

Directs the SBA to utilize its entrepreneurial development and management assistance programs to provide business counseling and training to any small business adversely affected by the deployment of U.S. armed forces in support of a period of military conflict. Requires the SBA, for the duration of Operation Allied Force and 120 days thereafter, to enhance publicity of the availability of such assistance.

(Sec. 403) Makes veteran small business owners eligible for the SBA's Microloan program, Delta loan program, and State development company program.

Title V: Procurement Assistance - Includes veteran small businesses within Federal contracting and subcontracting goals for small business owners and within goals for the participation of small businesses in Federal procurement contracts. Requires the head of each Federal agency to establish agency goals for the participation by small businesses owned and controlled by service-disabled veterans in that agency's procurement contracts.

Title VI: Reports and Data Collection - Amends the Act and the Small Business Economic Policy Act of 1980 to require information concerning small businesses owned by veterans, including service-disabled veterans, to be included within certain reporting requirements.

(Sec. 603) Directs the Administrator to report annually to the congressional small business committees on the needs of small businesses owned and controlled by veterans and service-disabled veterans.

(Sec. 604) Requires the Administrator, for each fiscal year, to: (1) collect and make available to any small business information concerning the procurement practices and procedures of each Federal department and agency; and (2) publish and disseminate such information to Federal procurement officers. Directs the Secretary, in each fiscal year, to identify U.S. veteran small businesses. Directs the Secretaries of Labor and Veterans Affairs and the Administrator to enter into a memorandum of understanding to provide for the coordination of vocational rehabilitation services, technical and managerial assistance, and financial assistance to veterans, including service-disabled veterans, seeking to employ themselves by forming or expanding small businesses. Requires the Federal Procurement Data System to be modified to collect data regarding the percentage and dollar value of prime contracts and subcontracts awarded to small businesses owned and controlled by veterans and service-disabled veterans.

Title VII: Miscellaneous Provisions - Directs the Administrator to strengthen and reissue a specified SBA order relating to non-discrimination and special considerations for veterans, and to fully and vigorously implement such order.

(Sec. 702) Requires the SBA's Office of Advocacy to evaluate the efforts of each Federal department and agency, and of private industry, to assist veteran small businesses, to provide statistical information on the utilization of such programs by small business, and to make appropriate recommendations to the Administrator and Congress in order to promote the establishment and growth of such businesses.

(Sec. 703) Directs the Comptroller General to study whether there would exist any additional risk or cost to the United States if up to ten percent of federally-guaranteed loans were made for the acquisition or construction of fixed assets used in a trade or business rather than for the purchase or construction of residential buildings. Requires a report to the congressional veterans' and small business committees.