A bipartisan bill introduced by U.S. Senators Tammy Duckworth (D-IL), John Kennedy (R-LA) and Dick Durbin (D-IL) to help Veteran entrepreneurs grow their small businesses is now law after being signed by President Donald Trump.
The Veterans Small Business Enhancement Act, legislation that passed both the Senate and the House in December, would allow Veteran small business owners to acquire equipment that the 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.
“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 thrilled we were able to work with members of both sides of the aisle to pass our bipartisan bill that will help Veterans expand their business operations, reduce costs and create jobs across Illinois and around the country.
“All veterans need and deserve our utmost respect and support after they return home,” said Sen. Kennedy. “As Americans, we should encourage those veterans who decide to start their own small businesses. The federal surplus property program is already established, so it’s just common sense that we should allow veterans to qualify for the program. I’m happy to see this legislation become law.”
“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 the Veterans Small Business Enhancement Act now signed into law, veterans can access GSA’s federal surplus property program, which can help them save costs as they open new businesses and store fronts. This was a commonsense and bipartisan bill, and I was proud to join Senators Duckworth and Kennedy to help get it to the finish line.”