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Veteran Support: Grants for Starting or Acquiring Businesses

This act introduces a pilot program to help veterans start or acquire their own businesses by providing grants. The program aims to assess the feasibility and effectiveness of such support, giving veterans an opportunity for entrepreneurial development and financial independence.
Key points
Veterans can apply for grants to start or acquire a qualifying business, including small businesses and franchises.
The pilot program will run for 3 years and include up to 250 veterans, with an emphasis on geographic diversity.
Veterans must complete entrepreneurship training and submit an approved business plan to receive funds.
Grant amounts depend on educational assistance entitlements and may include additional living assistance.
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Additional Information
Print number: 117_HR_4433
Sponsor: Rep. Cline, Ben [R-VA-6]
Process start date: 2021-07-16
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Veterans Entrepreneurship Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4433.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-16.

What are the main provisions?

Key points include:

  • Veterans can apply for grants to start or acquire a qualifying business, including small businesses and franchises.
  • The pilot program will run for 3 years and include up to 250 veterans, with an emphasis on geographic diversity.
  • Veterans must complete entrepreneurship training and submit an approved business plan to receive funds.
  • Grant amounts depend on educational assistance entitlements and may include additional living assistance.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Cline, Ben [R-VA-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Benefits Economy