1. Short title This Act may be cited as the Veterans Small Business Ownership Improvements Act . 2. Establishing the Veteran's Business Outreach Center Program Section 32 of the Small Business Act ( 15 U.S.C. 657b ) is amended— (1) by striking subsections (d) and (f); (2) by redesignating subsections (e) and (g) as subsections (j) and (k), respectively; and (3) by inserting after subsection (c) the following: (d) Veteran's business outreach center program (1) Definitions In this subsection— (A) the term covered individual means— (i) a member of the Armed Forces, without regard to whether the member is participating in the Transition Assistance Program of the Department of Defense; (ii) an individual who is participating in the Transition Assistance Program of the Department of Defense; (iii) an individual who— (I) served on active duty in any branch of the Armed Forces, including the National Guard and Reserves; and (II) was discharged or released from such service under conditions other than dishonorable; and (iv) a spouse or dependent of an individual described in clause (i), (ii), or (iii); (B) the term private nonprofit organization means an entity that is described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code; and (C) the term veteran’s business outreach center site means the location of— (i) a veteran’s business outreach center; or (ii) 1 or more veteran’s business outreach center, established in conjunction with another veteran’s business outreach center in another location within a State or region— (I) that reach a distinct population that would otherwise not be served; (II) whose services are targeted to veterans; and (III) whose scope, function, and activities are similar to those of the primary veteran’s business outreach center or centers in conjunction with which it was established. (2) Authority