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H.R. 1606, Veteran Entrepreneurship Training Act of 2023 (CBO Report for Congress)

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Congress 118th
Date Requested May 23, 2023
Requested By House Committee on Small Business on
Date Sent May 26, 2023
Description:
H.R. 1606 would authorize the Small Business Administration (SBA) to carry out the Boots to Business (B2B) Program over the 2023-2028 period. That program, which the SBA operates under authorities provided in Public Law 93-237, provides entrepreneurship training to members of the Armed Forces (including the National Guard or Reserves), veterans, and the spouses or dependents of those people. The legislation would authorize the SBA to make grants to Veteran Business Outreach Centers and to collaborate with public and private entities to develop training courses, which it does under its current program. H.R. 1606 also would require the SBA to share B2B program information with other veterans’ agencies and to submit annual program reports to the Congress. CBO estimates that implementing the new requirement in H.R. 1606 to share information would cost less than $500,000 over the 2023-2028 period, primarily for additional reporting requirements; any spending would be subject to the availability of appropriated funds.

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