SmallBusinessNewz

President Bush approved legislation to help veterans in small biz

The Military Reservist and Veteran Small Business Reauthorization and Opportunity Act received Bush's signature this week.

Legislation introduced in the Senate by John Kerry (D-Mass.) and Olympia Snowe (R-Maine) aims at helping veterans make the transition to small business. The Act approved by the White House will provide help on gaining access to funding and other necessary opportunities.

"Veterans possess great technical skills and valuable leadership experience, but they require financial resources and small business training to turn that potential into a viable enterprise," Kerry said in introducing the bill last July.

In addition to getting assistance for veterans returning from duty, the Act also provides aid for reservists called up from civilian life to keep their businesses afloat in their absence.

“As alarming numbers of our Guard members and reservists continue to selflessly answer their nation’s call to duty, we in Congress must similarly fulfill our responsibility to protect their livelihoods back home,” said Senator Snowe in remarks attributed to her at PolitickerME.