[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6850 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 6850

 To allow veterans to elect to use, with the approval of the Secretary 
   of Veterans Affairs, certain financial educational assistance to 
    establish and operate certain business, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 9, 2008

 Mr. Fortenberry introduced the following bill; which was referred to 
                   the Committee on Veterans' Affairs

_______________________________________________________________________

                                 A BILL


 
 To allow veterans to elect to use, with the approval of the Secretary 
   of Veterans Affairs, certain financial educational assistance to 
    establish and operate certain business, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Veterans Entrepreneurial Transition 
Business Benefit Act''.

SEC. 2. VETERANS ENTREPRENEURIAL TRANSITION BUSINESS BENEFIT.

    (a) In General.--A veteran who is eligible to receive financial 
educational assistance under chapter 30 of title 38, United States 
Code, may elect to use, with the approval of the Secretary of Veterans 
Affairs, any of such financial assistance to establish and operate a 
business that the veteran will own and operate as the primary source of 
income for the veteran.
    (b) Regulations.--The Secretary shall issue regulations to carry 
out subsection (a), including regulations to ensure that financial 
assistance used under this section is used for the purpose for which it 
is approved, to establish application procedures requiring appropriate 
business planning, and to require periodic reporting throughout the 
duration of the provision of such assistance.
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