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Pilot Grant Program for Veterans Starting or Acquiring Small Businesses.

This Act establishes a three-year pilot program managed by the Small Business Administration (SBA) to provide financial grants to up to 250 eligible veterans. The goal is to help veterans start or acquire a qualifying business, such as a small business or a franchise. To receive funds, veterans must complete mandatory entrepreneurship training and have a detailed business plan approved.
Key points
Veterans eligible for GI Bill educational benefits can apply for grants to fund their business ventures.
The grant amount is calculated based on the veteran's remaining educational assistance entitlement, plus potential monthly financial assistance (similar to a housing allowance).
Funds are disbursed in installments, only after mandatory training completion and business plan approval, contingent upon meeting business milestones.
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Additional Information
Print number: 118_HR_903
Sponsor: Rep. Cline, Ben [R-VA-6]
Process start date: 2023-02-09
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Veterans Entrepreneurship Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_903.

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 2023-02-09.

What are the main provisions?

Key points include:

  • Veterans eligible for GI Bill educational benefits can apply for grants to fund their business ventures.
  • The grant amount is calculated based on the veteran's remaining educational assistance entitlement, plus potential monthly financial assistance (similar to a housing allowance).
  • Funds are disbursed in installments, only after mandatory training completion and business plan approval, contingent upon meeting business milestones.
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 2025-12-25.

CATEGORIES

Benefits Economy