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Veteran Entrepreneurship Training Act of 2023

Source: Congress.gov  Β·  1,828 words in original text
This bill creates the Boots to Business Program, which trains military members and veterans who want to start their own businesses. The program runs until September 30, 2028, and teaches covered individuals the skills needed to identify business opportunities, write business plans, find funding, and launch small businesses.
Active duty military members (including National Guard and Reserves), veterans who were discharged under conditions other than dishonorable, people in the Transition Assistance Program (a military program that helps service members move to civilian life), spouses and dependents of these individuals, the Small Business Administration, the Department of Defense, the Department of Labor, and the Department of Veterans Affairs.
β€’ The Small Business Administration must run the Boots to Business Program and offer entrepreneurship training to eligible military members and veterans (Sec. 2(h)(2)). β€’ The program may include presentations about self-employment, online courses covering basic business skills, in-person classroom instruction, and in-depth training that leads to creating a business plan (Sec. 2(h)(4)(A)). β€’ The Small Business Administration must ensure Veteran Business Outreach Centers participate nationwide and may give grants to centers and other partners to run program parts (Sec. 2(h)(4)(C)). β€’ The Small Business Administration must share program information with the Department of Defense, Department of Labor, and Department of Veterans Affairs so these agencies can share details with military members and veterans (Sec. 2(h)(4)(D) and (E)). β€’ The Small Business Administration must submit reports to Congress at least once per year describing program participation numbers, completion rates, participant demographics, how many participants start businesses, and survey results from program participants (Sec. 2(h)(7)).
The Small Business Act is updated to officially create and require the Boots to Business Program as a permanent service for military members and veterans seeking business training and support.
"Covered individual" means any active duty military member (including National Guard or Reserves), any person in the Transition Assistance Program, any veteran discharged under conditions other than dishonorable, or any spouse or dependent of these people (Sec. 2(h)(1)).
The program begins on the date the bill becomes law and ends on September 30, 2028 (Sec. 2(h)(2)).
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.