The U.S. House of Representatives has passed bipartisan legislation to help veteran entrepreneurs grow their small businesses.
The Veterans Small Business Enhancement Act, which unanimously passed the Senate two weeks ago, was introduced by U.S. Sen. Tammy Duckworth, D-Ill., John Kennedy, R-La., and Dick Durbin, D-Ill. It would allow veteran small-business owners to acquire equipment and personal property that the federal government no longer has a use for by adding veterans to the list of eligible recipients for federal surplus personal property, which already includes women and minority small business owners as well as Veterans Service Organizations. Having passed both chambers of Congress, the legislation now heads to the President’s desk.
“When our veterans return home from their service, they deserve our full support as they transition back into civilian life, and that includes supporting their efforts to build and manage a small business,” said Duckworth. “Our nation should be doing much more to help our Veterans and I’m pleased Congress has overwhelmingly passed our bipartisan bill to help Veterans expand their business operations, reduce costs and create jobs across Illinois and around the country. I’m thrilled we were able to work with members on both sides of the aisle to send this legislation to the President’s desk.”
“Countless veterans are entrepreneurs and small business owners making contributions to their communities, but many struggle with the costs of starting a new business idea,” said Durbin. “With passage of the Veterans Small Business Enhancement Act, veterans can now access GSA’S federal surplus property program, which can help veterans save costs as they open new businesses and store fronts. This is a commonsense and bipartisan bill, and I was proud to join Senators Duckworth and Kennedy to help pass it through Congress.”
The General Services Administration has overseen distribution of federal surplus personal property for 15 years in partnership with the Small Business Administration and State Agencies for Surplus Property through the Federal Surplus Property Donation Program. When there is no federal need for excess personal property, SASPs disburse the property to eligible recipients who otherwise may have been unable to acquire it. This legislation is supported by the Veterans of Foreign Wars, the American Legion, the Paralyzed Veterans of America, the National Association of State Agencies for Surplus Property, the Association of the United States Army, and the Military Offices Association of America.