VET 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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 27, 2015
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Jul 27, 2015 to Oct 8, 2015, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MT | Jon Tester | Original | Jul 27, 2015 |
| D-DE | Christopher A. Coons | Oct 8, 2015 | |
| R-WV | Shelley Moore Capito | Oct 8, 2015 |
Actions 6
Everything that happened, newest first.
- Dec 20, 2016By 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, 2016Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.
- Jun 29, 2016Placed on Senate Legislative Calendar under General Orders. Calendar No. 542.
- Jul 29, 2015Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
- Jul 27, 2015Introduced in Senate
- Jul 27, 2015Read twice and referred to the Committee on Small Business and Entrepreneurship.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1862 | VET Act of 2015 | Related bill | Jul 26, 2015 |
| HR 3248 | VET Act of 2015 | Identical bill | Jul 28, 2015 |
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 2
Each version as it was printed, newest first.
- Jun 29, 2016Reported to Senate
- Jul 27, 2015Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.