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S. 1870, Veterans Entrepreneurial Transition Act of 2015 (CBO Report for Congress)

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Congress 114th
Date Requested July 29, 2015
Requested By Senate Committee on Small Business and Entrepreneurship
Date Sent Sept. 16, 2015
Description:

S. 1870 would establish a pilot program to provide grants to veterans that would be used to start or acquire a small business. The program would be authorized to award no more than 250 grants during a three-year period.

CBO estimates that implementing S. 1870 would cost $80 million over the 2016-2020 period, assuming appropriation of the necessary funds. Pay-as-you-go procedures do not apply to this legislation because enacting the bill would not affect direct spending or revenues.

S. 1870 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.

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