Improving Small Business Advocacy Act of 2016

Improving Small Business Advocacy Act of 2016 This bill amends the Small Business Act to declare that the exclusive duties of a Business Opportunity Specialist reporting to the senior official (or designee) appointed by the Small Business Administration (SBA) with certain SBA loan responsibilities, including the procurement program for small business concerns owned and controlled by service-disabled veterans and the Historically Underutilized Business Zone (HUBZone) program, shall be to implement specified SBA loan programs, and complete other duties related to contracting programs. Such duties shall include: performing specified functions with respect to small business concerns eligible to receive federal contracts and subcontracts; reviewing and monitoring compliance with mentor-protege agreements; representing the interests of the SBA and small business concerns in the award, modification, and administration of contracts and subcontracts awarded pursuant to the Act; and reporting fraud or abuse.