PlainBillCongress, translated.Legislation. Context. Public interest.By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report under authority of the order of the Senate of 12/10/2016. Report No. 114-411.
Congressional Research Service
Version 01 · Reported to Senate with amendment(s) · Jun 29, 2016
Veterans Entrepreneurial Transition Act of 2016 or the VET Act of 2016
(Sec. 2) This bill amends the Small Business Act to direct the Small Business Administration (SBA) to carry out a three-year pilot program to assess the feasibility of making grants to up to 250 eligible veterans and retiring or honorably discharged members of the Armed Forces to start or acquire a qualifying business enterprise.
The SBA shall establish a list of qualifying business enterprise categories, which shall include: (1) a small business concern, (2) a franchise business enterprise, and (3) any other appropriate business enterprise category.
Showing the opening paragraphs of the official summary.
The SBA shall ensure grantee geographic diversity.
The SBA may authorize eligible veterans to apply as a group. Such a group shall be treated as a single veteran.
Each grantee shall: (1) complete an SBA-approved entrepreneurship readiness program, and (2) prepare a business plan.
The SBA shall submit a program assessment within two years of the program's commencement.
The Government Accountability Office shall submit a program evaluation within one year of the program's termination.
Nothing in the bill shall be construed to modify any time limitation or period during which an individual is entitled to Post 9/11 or all-volunteer force educational assistance.
People & committees
Sen. Moran, Jerry [R-KS] · R–KS
Legislative record
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By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report under authority of the order of the Senate of 12/10/2016. Report No. 114-411.
By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report under authority of the order of the Senate of 12/10/2016. Report No. 114-411.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 542.
Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.
Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced in Senate
Primary sources
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Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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