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S 1870 114th Congress Senate Commerce Business education Retail and wholesale trades Small business Veterans' education, employment, rehabilitation

VET Act of 2016

Introduced: July 27, 2015 Introduced by: Moran, Jerry Republican · Kansas See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
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.
Jun 29, 2016
Placed on Senate Legislative Calendar under General Orders. Calendar No. 542.
Jun 29, 2016
Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.
Jul 29, 2015
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jul 27, 2015
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jul 27, 2015
Introduced in Senate
 Plain-English summary Congressional Research Service

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.

What's happening now December 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.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1