Us Congress House Bill HR824

Us Congress 2023-2024 Regular Session

• Introduced: 10/30/23
• Refer: 10/30/23

Caption

Supporting the goals and ideals of "National Veterans Small Business Week".

Impact

The resolution supports the initiatives of the Small Business Administration (SBA) that serve veterans, including those who are service-disabled and military spouses. It reflects a commitment to promoting veteran-owned small businesses by ensuring they have access to funding, training for entrepreneurship, and contracting opportunities. The resolution aims to enhance awareness of the challenges faced by these entrepreneurs and the vital role they play in the economy.

Summary

HR824 is a resolution that endorses the goals and ideals of 'National Veterans Small Business Week,' which runs from October 30 to November 3, 2023. The resolution highlights the importance of veteran entrepreneurship by acknowledging the significant contributions of veterans in the business sector. Over 1.9 million businesses are owned by veterans, providing employment to over 5 million individuals and generating more than $1.3 trillion annually. The growing trend in women veteran-owned businesses is also recognized, with a notable increase to over 165,000 since 2012.

Contention

While HR824 is largely supportive and non-controversial, the resolution does raise points of discussion regarding the ongoing need for comprehensive support for veterans transitioning into civilian life, particularly in the realm of business ownership. Critics may argue that while symbolic support is valuable, concrete policies and funding mechanisms are essential to genuinely uplift veteran entrepreneurs. There could be ongoing debates about the effectiveness of current programs administered by the SBA in meeting the diverse needs of veteran business owners.