S. 1870 · 114th Congress
VET Act of 2015
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
MoranSponsor3 cosponsors · 2 D, 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Veterans Entrepreneurial Transition Act of 2016 or the VET Act of 2016
What it does: CRS summary · Reported to Senate with amendment(s) · Jun 29, 2016
Veterans Entrepreneurial Transition Act of 2016 or the VET Act of 2016
(Sec. 2) This bill amends the Small Business Act to direct the Small Business Administration (SBA) to carry out a three-year pilot program to assess the feasibility of making grants to up to 250 eligible veterans and retiring or honorably discharged members of the Armed Forces to start or acquire a qualifying business enterprise.
The SBA shall establish a list of qualifying business enterprise categories, which shall include: (1) a small business concern, (2) a franchise business enterprise, and (3) any other appropriate business enterprise category.
The SBA shall ensure grantee geographic diversity.
The SBA may authorize eligible veterans to apply as a group. Such a group shall be treated as a single veteran.
Each grantee shall: (1) complete an SBA-approved entrepreneurship readiness program, and (2) prepare a business plan.
The SBA shall submit a program assessment within two years of the program's commencement.
The Government Accountability Office shall submit a program evaluation within one year of the program's termination.
Nothing in the bill shall be construed to modify any time limitation or period during which an individual is entitled to Post 9/11 or all-volunteer force educational assistance.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: VET Act of 2016
Also known as: Veterans Entrepreneurial Transition Act of 2015; Veterans Entrepreneurial Transition Act of 2016
Latest action (Dec 20, 2016): By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report under authority of the order of the Senate of 12/10/2016. Report No. 114-411.
Policy area: Commerce · Origin: Senate · Introduced: Jul 27, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.