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Veteran Entrepreneurship Training Act of 2023

12/15/2023, 3:55 PM

Summary of Bill HR 1606

Bill 118 hr 1606, also known as the Veteran Entrepreneurship Training Act of 2023, aims to provide support and resources for veterans who are interested in starting their own businesses. The bill recognizes the valuable skills and experiences that veterans bring to the table and seeks to help them transition into successful entrepreneurs.

Under this legislation, the Small Business Administration (SBA) would be required to establish a program to provide training and counseling to veterans who are interested in starting or expanding their own businesses. This program would cover a wide range of topics, including business planning, marketing, financial management, and access to capital.

Additionally, the bill would require the SBA to collaborate with other federal agencies, such as the Department of Veterans Affairs and the Department of Defense, to ensure that veterans have access to the resources and support they need to succeed as entrepreneurs. This collaboration would help streamline the process for veterans to access the necessary training and assistance. Overall, the Veteran Entrepreneurship Training Act of 2023 aims to empower veterans to pursue their entrepreneurial dreams and contribute to the economy in a meaningful way. By providing them with the tools and resources they need to succeed, this legislation seeks to support and honor the service and sacrifices of our nation's veterans.

Congressional Summary of HR 1606

Veteran Entrepreneurship Training Act of 2023

This bill provides statutory authority for the Boots to Business Program, which provides entrepreneurship training to individuals including veterans and active members of the Armed Forces, to be administered by the Small Business Administration.

Current Status of Bill HR 1606

Bill HR 1606 is currently in the status of Introduced to Senate since June 21, 2023. Bill HR 1606 was introduced during Congress 118 and was introduced to the House on March 14, 2023.  Bill HR 1606's most recent activity was Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. as of June 21, 2023

Bipartisan Support of Bill HR 1606

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
16
Democrat Cosponsors
8
Republican Cosponsors
8
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 1606

Primary Policy Focus

Commerce

Potential Impact Areas

- Business education
- Congressional oversight
- Employment and training programs
- Government information and archives
- Intergovernmental relations
- Military personnel and dependents
- Small business
- Veterans' education, employment, rehabilitation

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