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VET–TEC Authorization Act of 2023
3/14/2024, 3:45 AM
Summary of Bill S 1678
The VET–TEC program is designed to help veterans gain the skills and knowledge needed to secure employment in high-demand, high-tech industries. The program offers training in fields such as information technology, computer programming, cybersecurity, and other technology-related areas. By participating in the VET–TEC program, veterans can enhance their job prospects and increase their earning potential in the civilian workforce.
If passed, Bill 118 s 1678 would authorize funding for the VET–TEC program and ensure that eligible veterans have access to the training and resources they need to succeed in high-tech careers. The bill aims to support veterans in their transition to civilian life and help them achieve long-term economic stability. Overall, the VET–TEC Authorization Act of 2023 is a bipartisan effort to support veterans in their post-military careers by providing them with the necessary training and resources to thrive in high-tech industries.
Congressional Summary of S 1678
VET-TEC Authorization Act of 2023
This bill requires the Department of Veterans Affairs (VA) to implement through FY2028 a program under which it provides up to 6,000 covered individuals per year the opportunity to enroll in high technology programs of education that provide non-degree training or skills related to computer programming, media application, data processing, or information sciences. A covered individual is a veteran who (1) the VA determines is under the age of 62, served an aggregate of at least 36 months on active duty, and was discharged or released from service under conditions other than dishonorable; or (2) will satisfy such requirements in fewer than 180 days after the VA's determination.
In administering the program, the VA must provide assistance to covered individuals in amounts equal to those provided to Post-9/11 GI Bill recipients who are pursuing a degree on more than a half-time basis.
The VA must seek to enter into contracts with any number of qualified providers of high technology programs of education and pay such providers a specified percentage of the tuition and other fees for each enrolled individual.
If a covered individual has remaining entitlement to other VA educational assistance, entitlement under this program must be charged at the rate of one month of that remaining entitlement for each month of assistance under this program.
Finally, the bill extends certain loan fee rates through March 31, 2032, under the VA's home loan program.
