Schneider Bipartisan Bill Promoting Veteran Entrepreneurship Passes House

July 12, 2019
Press Release
Schneider’s Veterans Entrepreneurship Training Act to codify Boots to Business program for five-years included as amendment to National Defense Authorization Act

Today, an amendment authored by U.S. Representative Brad Schneider (D-IL) to statutorily authorize the Boots to Business (B2B) program that helps veterans and transitioning service members start and grow businesses passed the U.S. House of Representatives.

 

Originally introduced by Schneider as H.R. 3537, the Veteran Entrepreneurship Training Act with Rep. Ross Spano (R-FL), the legislation was included as an amendment in H.R. 2500, the National Defense Authorization Act for Fiscal Year 2020.

 

Administered through the Office of Veteran Business Development in the Small Business Administration (SBA), the B2B program offers transitioning service members and military spouses a foundational two-day, in-person introductory course on starting your own business which can be followed by optional 8-week online courses on topics including market research, business fundamentals, and revenue readiness.

 

“The men and women who bravely serve our nation with honor deserve our support as they transition from military to civilian life,” said Schneider in remarks on the House floor in support of his amendment. Video of his remarks are available online.

 

Since B2B launched in 2013 under the Obama Administration, more than 50,000 service members and spouses have participated in the program. The Veteran Entrepreneurship Training Act of 2019 would codify the program and authorize it for five years.

 

The most recent U.S. Census recorded 2.4 million veteran-owned businesses employing 5.7 million individuals. Veterans are 45 percent more likely to be self-employed than those with no military experience.

 

Schneider heard testimony from former servicemembers-turned-entrepreneurs who participated in the Boots to Business program at a hearing this week of the House Small Business Committee.

 

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