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New Administration for Veterans' Economic Opportunity and Transition

This act establishes a new entity within the Department of Veterans Affairs to streamline assistance for veterans and their families in employment, education, housing loans, and small business support. The goal is to better coordinate and improve the efficiency of programs, making it easier for veterans to transition to civilian life and enhance their financial well-being.
Key points
A Veterans Economic Opportunity and Transition Administration is established to manage support programs.
The new entity will be responsible for vocational rehabilitation, educational assistance, housing loans, and verification of veteran-owned businesses.
Changes are set to take effect on October 1, 2022, with service transfers monitored to ensure no negative impact on veteran support.
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Additional Information
To amend title 38, United States Code, to establish in the Department the Veterans Economic Opportunity and Transition Administration, and for other purposes.
Print number: HR 2494
Sponsor: Rep. Wenstrup, Brad R. [R-OH-2]
Process start date: 2021-04-13