Veterans Entrepreneurship Act of 2026
The source supplies the latest action, but no lifecycle stage.
Latest action (3 Aug 2026): Referred to the House Committee on Small Business.
What this bill does
H.R. 10016, the Veterans Entrepreneurship Act of 2026, would amend the Small Business Act to direct the Small Business Administration (SBA) to create a three-year pilot program offering grants to eligible veterans to start or acquire a business. The SBA, working with its Advisory Committee on Veterans Business Affairs and the Department of Veterans Affairs, would define qualifying business types (including small businesses and franchises), cap participation at 250 veterans, and ensure grant recipients are geographically diverse. Grant amounts would be tied to veterans' unused GI Bill education benefits, plus a monthly housing-allowance-based supplement and possible training costs, paid in installments after veterans complete approved entrepreneurship training and get a business plan approved.
The program would apply to veterans and separating/retiring service members who meet minimum active-duty service requirements and are entitled to GI Bill education benefits under chapter 30 or 33 of title 38. Applicants would need to complete training, submit certifications about employment status and business plans, and meet milestones to receive installment payments. Groups of veterans could apply jointly, with grant caps scaled accordingly.
The bill would require the SBA to report to relevant House and Senate committees within two years on the pilot's feasibility, outcomes, and whether it should become permanent. The bill was introduced August 3, 2026, by Rep. Ben Cline and referred to the House Committee on Small Business; it has not yet received committee or floor action.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
3 Aug 2026
Referred to the House Committee on Small Business.
Common questions
- What does H.R. 10016 do?
- H.R. 10016, the Veterans Entrepreneurship Act of 2026, would amend the Small Business Act to direct the Small Business Administration (SBA) to create a three-year pilot program offering grants to eligible veterans to start or acquire a business. The SBA, working with its Advisory Committee on Veterans Business Affairs and the Department of Veterans Affairs, would define qualifying business types (including small businesses and franchises), cap participation at 250 veterans, and ensure grant recipients are geographically diverse. Grant amounts would be tied to veterans' unused GI Bill education benefits, plus a monthly housing-allowance-based supplement and possible training costs, paid in installments after veterans complete approved entrepreneurship training and get a business plan approved. The program would apply to veterans and separating/retiring service members who meet minimum active-duty service requirements and are entitled to GI Bill education benefits under chapter 30 or 33 of title 38. Applicants would need to complete training, submit certifications about employment status and business plans, and meet milestones to receive installment payments. Groups of veterans could apply jointly, with grant caps scaled accordingly. The bill would require the SBA to report to relevant House and Senate committees within two years on the pilot's feasibility, outcomes, and whether it should become permanent. The bill was introduced August 3, 2026, by Rep. Ben Cline and referred to the House Committee on Small Business; it has not yet received committee or floor action.
- Has H.R. 10016 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10016. Check the latest action and official source below.
- Who sponsored H.R. 10016?
- H.R. 10016 was sponsored by Rep. Cline, Ben [R-VA-6] (R-VA), with 1 cosponsor.
- What's the latest action on H.R. 10016?
- Referred to the House Committee on Small Business. (3 Aug 2026).
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