← Back to results
Federal

Veteran Entrepreneurship Training Act of 2023

Source: Congress.gov  ·  3,995 words in original text
This bill creates a program called "Boots to Business" that teaches military members and veterans how to start their own businesses. The program will run until September 30, 2028 and will teach people the skills they need to write business plans, find funding, and launch small businesses.
Active duty military members (including National Guard and Reserves), veterans who were discharged under honorable conditions, people in the military's Transition Assistance Program (a program that helps service members prepare to leave the military), and spouses or dependents of those individuals.
• The Small Business Administration (the federal agency that helps small businesses) must run the Boots to Business Program and can offer presentations, online courses, classroom instruction, and in-depth training to teach entrepreneurship skills (Sec. 2, subsection h(2) and h(4)). • Program participants receive tools and knowledge to identify business opportunities, create business plans, find sources of money for their businesses, connect with local resources, and start small businesses (Sec. 2, subsection h(3)). • Veteran Business Outreach Centers (organizations that help veteran business owners) must participate regularly in the program across the country, and the administrator can give grants to these centers and other partners to run program components (Sec. 2, subsection h(4)(D)). • Centers cannot spend more than 35 percent of their grant money on international travel costs, though instructor salaries are excluded from this limit (Sec. 2, subsection h(4)(B)). • The administrator must report annually to Congress on program performance, including information about grants awarded, costs, participant numbers, completion rates, participant backgrounds, and how many people start businesses (Sec. 2, subsection h(7)).
If this becomes law, the Boots to Business Program will officially become part of the Small Business Act. The program will be required to share its course materials and information with the Departments of Defense, Labor, and Veterans Affairs so these agencies can promote it to military members and veterans. Centers that want to spend more than 35 percent of their funding on international travel must ask the administrator for permission, and if approved, the administrator must notify Congress of that decision.
"Covered individual" means: active duty military members (including National Guard and Reserves), people currently in the Transition Assistance Program, veterans who served on active duty and received an honorable discharge, or spouses and dependents of any of these people.
The program begins on the date this law is enacted and ends on September 30, 2028.
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.