Prioritization of participants in small business programs

(a) In general The Administrator of the Small Business Administration shall prioritize participants in the Worker Adaptation and Training Program when considering applications for loans and grants from the Administration, including under the business loan and microloan programs established under subsections (a) and (m), respectively, of section 7 of the Small Business Act (15 U.S.C. 636). (b) Set-Aside In each fiscal year, the Administrator of the Small Business Administration shall set aside 1.5 percent of amounts appropriated to carry out the business loan program under section 7(a) of the Small Business Act (15 U.S.C. 636(a)) to provide assistance to participants in the Worker Adaptation and Training Program.