US Congress Senate Bill 1870 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on July 27 2015 - 25% progression, died in chamber
Action: 2016-12-20 - 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.
Text: Latest bill text (Introduced) [PDF]

VET Act of 2016 Veterans Entrepreneurial Transition 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.

VET Act of 2016 Veterans Entrepreneurial Transition Act of 2016

Sen. Jerry Moran [R-KS]

Sen. Jon Tester [D-MT]

Sen. Shelley Capito [R-WV]

Sen. Christopher Coons [D-DE]

Date	Chamber	Action
2016-12-20	Senate	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.
2016-06-29	Senate	Placed on Senate Legislative Calendar under General Orders. Calendar No. 542.
2016-06-29	Senate	Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.
2015-07-29	Senate	Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
2015-07-27	Senate	Read twice and referred to the Committee on Small Business and Entrepreneurship.

HB3248 (Same As) 2015-07-28 - Referred to the House Committee on Small Business.
SB1862 (Related) 2015-07-26 - Read twice and referred to the Committee on Veterans' Affairs.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/1870/all-info
Text	https://www.congress.gov/114/bills/s1870/BILLS-114s1870is.pdf
Text	https://www.congress.gov/114/bills/s1870/BILLS-114s1870rs.pdf