Veterans Corporation Reauthorization and Enhancement Act of 2006

Veterans Corporation Reauthorization and Enhancement Act of 2006 - Amends Small Business Act provisions establishing a National Veterans Business Development Corporation (Corporation) to: (1) authorize appropriations for the Corporation in FY2008-FY2012; (2) require the Corporation to seek private funding; (3) make members of the reserve components eligible for business development programs sponsored by the Corporation; and (4) require the Secretaries of Veterans Affairs and Labor to provide information on services provided by the Corporation to veterans.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6171 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 6171

    To authorize appropriations for the National Veterans Business 
            Development Corporation, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 25, 2006

  Mrs. Davis of California (for herself, Mr. Evans, and Ms. Herseth) 
 introduced the following bill; which was referred to the Committee on 
                             Small Business

_______________________________________________________________________

                                 A BILL


 
    To authorize appropriations for the National Veterans Business 
            Development Corporation, and for other purposes.

    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 ``Veterans Corporation Reauthorization 
and Enhancement Act of 2006''.

SEC. 2. NATIONAL VETERANS BUSINESS DEVELOPMENT CORPORATION.

    (a) Authorization of Appropriations.--Paragraph (1) of subsection 
(k) of section 33 of the Small Business Act (15 U.S.C. 657c(k)(1)) is 
amended to read as follows:
            ``(1) In general.--There are authorized to be appropriated 
        to the Corporation to carry out this section--
                    ``(A) $4,000,000 for fiscal year 2008;
                    ``(B) $3,000,000 for each of fiscal years 2009 and 
                2010; and
                    ``(C) $2,000,000 for each of fiscal years 2011 and 
                2012.''.
    (b) Private Funding.--Such subsection is amended by striking 
paragraphs (2) and (3) and inserting the following new paragraph (2):
            ``(2) Private and public funding partnership.--The 
        Corporation shall seek to raise private funds in order to 
        leverage funds appropriated by law.''.
    (c) Members of National Guard and Reserve Component.--Subsection 
(b)(2) of such section is amended by inserting ``members of the reserve 
components,'' after ``service-disabled veterans,''.
    (d) Expansion of Board of Directors.--Subsection (c) of such 
section is amended--
            (1) in paragraph (1) by striking ``three nonvoting ex 
        officio members'' and inserting ``seven nonvoting ex officio 
        members'';
            (2) in paragraph (3), by inserting ``the Secretary of 
        Labor, the Secretary of Commerce, the Secretary of Education, 
        the chief executive officer of the Corporation,'' after 
        ``Secretary of Defense,''; and
            (3) by striking paragraph (4) and redesignating paragraphs 
        (5) through (11) as paragraphs (4) through (10), respectively.
    (e) Advisory Committee; Use of Mails.--Such section is further 
amended by striking subsections (h) and (i) and redesignating 
subsections (j) and (k) as subsections (h) and (j), respectively.
    (f) Veteran Notification.--Such section, as amended by subsections 
(c) and (e), is further amended by inserting after subsection (h), as 
redesignated by subsection (e), the following new subsection:
    ``(i) Veteran Notification.--The Secretary of Veterans Affairs and 
the Secretary of Labor shall make available to veterans information 
describing the services provided by the Corporation.''.
    (g) GAO Report.--
            (1) Audit and report required.--Not later than two years 
        after the date of the enactment of this Act, the Comptroller 
        General shall conduct an audit, in accordance with generally 
        accepted auditing standards, of the National Veterans 
        Development Corporation and evaluate the effectiveness of the 
        Corporation in carrying out the purposes under section 33(b) of 
        the Small Business Act, and submit to Congress a report on the 
        results of the audit and evaluation.
            (2) Access to records.--In conducting the audit pursuant to 
        paragraph (1), appropriate representatives of the Comptroller 
        General shall have access to all books, accounts, financial 
        records, reports, files and other papers, items, or property in 
        use by the National Veterans Development Corporation, as 
        necessary to facilitate such audit, and such representatives 
        shall be afforded full facilities for verifying transactions 
        with the balances.
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