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Veteran Support: Business Funding Instead of Education Benefits

A new bill establishes a pilot program allowing eligible post-9/11 veterans to choose financial assistance for starting or operating a business instead of educational benefits. This initiative aims to help veterans transition into entrepreneurship and achieve financial independence by providing direct funding for their business ventures.
Key points
Veterans can receive up to $20,000 annually plus a housing allowance in the first year to start or grow a business.
Funds can be used for rent, utilities, equipment, salaries, marketing, and other business operating costs.
The program runs for seven years, and veterans can withdraw at any time to resume their educational benefits.
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Expired
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Additional Information
Print number: 117_HR_8660
Sponsor: Rep. Donalds, Byron [R-FL-19]
Process start date: 2022-08-05
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Post-9/11 Veteran Business Acceleration Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8660.

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 2022-08-05.

What are the main provisions?

Key points include:

  • Veterans can receive up to $20,000 annually plus a housing allowance in the first year to start or grow a business.
  • Funds can be used for rent, utilities, equipment, salaries, marketing, and other business operating costs.
  • The program runs for seven years, and veterans can withdraw at any time to resume their educational benefits.
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. Donalds, Byron [R-FL-19].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Veterans' Affairs.

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