Today in Congress, a nice little piece of legislation was passed to help our Veterans. It’s called the Successful Entrepreneurship for Reservists and Veterans Act. A bit of a mouthful, but the intent of this bill, that nearly passed unanimously (421-3), is to provide Veteran-owned businesses to succeed with better access to credit and capital.
Anyone who grew up with a family member in the military or close friends coming back from military action, knows the challenges they face when transitioning back into the “real” world. This bill will help feed the entrepreneurial spirit of our veterans to start small businesses of their own, knowing that Uncle Sam will assist their process of getting their business off the ground.
This bill does not just cover active veterans, but service disabled veterans and spouses of our fallen heroes. I know there are a lot of programs helping out military and veterans, but this one in particular has ripples that could help greatly. Veterans coming home from active duty can transition their skill sets developed in the military and continue that through to owning a business. This not only helps them economically, but it can also greatly assist our veterans that may suffer from PTSD by focusing their time and energy towards growing a small business.
In addition to this bill, another one was passed today called the Veterans Entrepreneurship Training Act. This provides training and classes for veterans to learn how to start a small business, access capital, and get things started.
While these bills have the potential to be effective, I do hope they are promoted and widely brought forward to all of our veterans, retired or active and returning from active duty. It is important that they are aware these programs are available to them and can take advantage of these opportunities. I am not aware of how these programs will be promoted or what the outreach will look like, I just hope it is considered, so a potentially effective bill like this does not go unnoticed.
Lastly, what’s up with the 3 Congressman who voted No. I am looking at you Andy Biggs (R) from AZ, Thomas Massie (R) from KY, and Justin Amash (I) from MI.