The VET Act of 2015 introduced by Rep. Jeff Fortenberry with much of the work done by an active duty military fellow is dead. It sounds dramatic but that’s the terminology. “This bill was introduced on July 28, 2015, in a previous session of Congress, but was not enacted,” according to GovTrack. But, I’m curious if SOFREP readers and veterans thinks this sort of law might be beneficial.
Below is a “one-pager” write-up of the Law that I obtained from Rep. Fortenberry’s office.
The Veterans Entrepreneurial Transition (VET) Act of 2015 (H.R. 3248), would allow veterans the opportunity to pursue their small business and entrepreneurial aspirations by giving them access to resources through the Small Business Administration and their GI Bill benefit. The key components of the VET Act are:
The establishment of a 3-year pilot program overseen by the Administrator of the Small Business Administration (SBA), in consultation with the Advisory Committee on Veterans Business Affairs (15 U.S.C. 657b), that will enable up to 250 GI Bill benefit-eligible veterans to pursue an educational entrepreneurial training program, business plan development assistance and to start a new business or purchase an existing business or franchise.