SBA Veterans' Programs Act Of 2007

Floor Speech

SBA VETERANS' PROGRAMS ACT OF 2007 -- (House of Representatives - June 18, 2007)

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Ms. VELÁZQUEZ. Mr. Speaker, I yield myself such time as I may consume.

There is no question our Nation's veterans have made great sacrifices for this country. Many traveled long distances, spent lengthy amounts of time away from their families, and have been in harm's way to ensure our safety.

To date, more than 135,000 troops have come home from Iraq and Afghanistan. These men and women are increasingly turning toward small business ownership. Congressman Buchanan's legislation, the Small Business Administration Veterans Programs Act of 2007, ensures that service men and women will not only have the opportunity to pursue entrepreneurship but to succeed at starting their own firms.

While many have the American dream of owning a business, veterans face unique challenges when working to start or maintain their firms. For this sector of the population to be successful in their small business endeavors, there needs to be assistance available in local communities. They cannot be expected to return home knowing all of the necessary and available tools to start a business. Outreach efforts to these aspiring entrepreneurs need to be increased and information must be accessible. The Small Business Administration Veterans Programs Act of 2007 makes these resources available.

Service men and women contributing to economic growth is not a new trend. After World War II, the GI bill provided the opportunity of a college education to this Nation's veterans. By 1956 there were 7.8 million World War II veterans that had participated in an education or training program. The impact that that single piece of legislation had on this Nation's economy was great.

Much like ensuring the right to a college education, as the GI bill did, H.R. 2366 expands business ownership. It provides specific assistance for aspiring business owners. Starting a business after leaving military service provides an opportunity for returning veterans to not only begin a new career but to secure their livelihood. Enabling this to be a viable option for some of the most dedicated individuals in our country spurs economic development in local economies, demonstrates our commitment to their aspirations of entrepreneurship, and represents true patriotism.

I strongly urge support of this legislation.

Mr. Speaker, I reserve the balance of my time.

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Ms. VELÁZQUEZ. Mr. Speaker, I ask unanimous consent to withdraw the motion.

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