The VET Act (H.R. 3167) is a GI Bill aimed at addressing the unacceptably high veteran unemployment rate, as well as to help quickly re-build a new generation of veteran-owned small business enterprises across America as the backbone of new job creation. This GI Bill was written as a revenue-neutral piece of legislation, meaning that enactment of the new bill and payout of veterans benefits would have a nominal effect on the Federal Budget, perhaps generating a budget surplus. In fact, the new GI Bill simply provides a small business ownership option to which veterans can apply the value of educational benefits earned under existing GI Bills.
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