To amend the Small Business Act to require the Administrator of the Small Business Administration to carry out a pilot program on issuing grants to eligible veterans to start or acquire qualifying businesses, and for other purposes.
About This Bill
Committee
Latest Action · August 3, 2026
Referred to the House Committee on Small Business.
This bill establishes a three-year pilot program through the Small Business Administration to provide grants to eligible veterans for starting or acquiring businesses. The program will make grants to up to 250 veterans nationwide, ensuring geographic diversity across regions, and will cover small businesses, franchises, and other qualifying enterprises. To receive funding, veterans must complete approved entrepreneurship training, develop a business plan approved by an advisor, and meet specific milestones, with grant amounts based on their remaining education benefits under the G.I. Bill plus monthly housing assistance stipends. The legislation requires the SBA to report to Congress within two years on the program's effectiveness and whether it should become permanent, and it defines eligible participants as veterans or active-duty service members with at least 24-36 months of service who are entitled to educational assistance benefits.
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