To amend title 38, United States Code, to establish in the Department the Veterans Economic Opportunity and Transition Administration, and for other purposes.

This bill establishes the Veterans Economic Opportunity and Transition Administration to administer economic opportunity assistance programs for veterans and their dependents and survivors.

Specifically, the Veterans Economic Opportunity and Transition Administration must administer the following Department of Veterans Affairs (VA) programs:

• vocational rehabilitation and employment programs,
• educational assistance programs,
• veterans' housing loan and related programs,
• the Transition Assistance Program, and
• the database of small business concerns owned and controlled by veterans.

Prior to the transfer of administrative responsibilities, the bill requires the VA to certify that (1) the transition of the provision of services will not negatively affect the provision of such services to veterans, and (2) such services are ready to be transferred.

Bill 117 HR 2494, also known as the Veterans Economic Opportunity and Transition Administration Act, aims to make changes to title 38 of the United States Code. The main goal of this bill is to create a new administration within the Department of Veterans Affairs called the Veterans Economic Opportunity and Transition Administration. This new administration would focus on providing support and resources to veterans as they transition back into civilian life after their military service.

Some of the key provisions of this bill include expanding access to education and job training programs for veterans, improving the transition assistance program to better prepare veterans for civilian employment, and increasing support for veteran-owned small businesses. Additionally, the bill aims to streamline and improve the delivery of benefits and services to veterans, making it easier for them to access the support they need.

Overall, the Veterans Economic Opportunity and Transition Administration Act seeks to better support and empower veterans as they navigate the challenges of transitioning back to civilian life. By creating a dedicated administration within the Department of Veterans Affairs, this bill aims to ensure that veterans have the resources and support they need to succeed in their post-military careers.