RESERVIST PROGRAMS.

SEC. 201. RESERVIST PROGRAMS.(a) Application Period.—Section 7(b)(3)(C) of the Small Business Act (15 U.S.C. 636(b)(3)(C)) is amended—(1) by striking “90 days” and inserting “1 year”; and(2) by adding at the end the following: “The Administrator may, when appropriate (as determined by the Administrator), extend the ending date specified in the preceding sentence by not more than 1 year.”.(b) Pre-Consideration Process.—(1) Definition.—In this subsection, the term “eligible Reservist” means a Reservist who—(A) has not been ordered to active duty;(B) expects to be ordered to active duty during a period of military conflict; and(C) can reasonably demonstrate that the small business concern for which that Reservist is a key employee will suffer economic injury in the absence of that Reservist.122 STAT. 628(2) Establishment.—Not later than 6 months after the date of enactment of this Act, the Administrator shall establish a pre-consideration process, under which the Administrator—(A) may collect all relevant materials necessary for processing a loan to a small business concern under section 7(b)(3) of the Small Business Act (15 U.S.C. 636(b)(3)) before an eligible Reservist employed by that small business concern is activated; and(B) shall distribute funds for any loan approved under subparagraph (A) if that eligible Reservist is activated.(c) Outreach and Technical Assistance Program.—(1) In general.—Not later than 6 months after the date of enactment of this Act, the Administrator, in consultation with the Secretary of Veterans Affairs and the Secretary of Defense, may develop a comprehensive outreach and technical assistance program (in this subsection referred to as the “program”) to—(A) market the loans available under section 7(b)(3) of the Small Business Act (15 U.S.C. 636(b)(3)) to Reservists, and family members of Reservists, that are on active duty and that are not on active duty; and(B) provide technical assistance to a small business concern applying for a loan under that section.(2) Components.—The program shall—(A) incorporate appropriate websites maintained by the Administration, the Department of Veterans Affairs, and the Department of Defense; and(B) require that information on the program is made available to small business concerns directly through—(i) the district offices and resource partners of the Administration, including small business development centers, women’s business centers, and the Service Corps of Retired Executives; and(ii) other Federal agencies, including the Department of Veterans Affairs and the Department of Defense.(3) Report.—(A) In general.—Not later than 6 months after the date of enactment of this Act, and every 6 months thereafter until the date that is 30 months after such date of enactment, the Administrator shall submit to Congress a report on the status of the program.(B) Contents.—Each report submitted under subparagraph (A) shall include—(i) for the 6-month period ending on the date of that report—(I) the number of loans approved under section 7(b)(3) of the Small Business Act (15 U.S.C. 636(b)(3));(II) the number of loans disbursed under that section; and(III) the total amount disbursed under that section; and(ii) recommendations, if any, to make the program more effective in serving small business concerns that employ Reservists.122 STAT. 629