Veteran Federal Procurement Entrepreneurship Training Program Act

This Act may be cited as the Veteran Federal Procurement Entrepreneurship Training Program Act .

(a) In general. Section 32 of the Small Business Act ( 15 U.S.C. 657b ) is amended by striking subsection (f) and inserting the following: (f) Veteran federal procurement entrepreneurship training program The Administrator, acting through the Associate Administrator, shall make grants to, or enter into a cooperative agreement with, not more than 1 nonprofit entity to operate a Federal procurement entrepreneurship training program to provide assistance to small business concerns owned and controlled by veterans regarding how to increase the likelihood of being awarded contracts with the Federal Government— (1) which shall be made to or entered into with a nonprofit entity that has a track record of successfully providing educational and job training services to targeted veteran populations from diverse locations; (2) under which the nonprofit entity may, at the discretion of the Administrator, be required to match any Federal funds received for the program with State, local, or private sector funds; and (3) under which the nonprofit entity shall use a diverse group of professional service experts, such as Federal, State, and local contracting experts and private sector industry experts with first-hand experience in Federal Government contracting, to provide instruction to small business concerns owned and controlled by veterans. .

(b) Authorization of appropriations. There are authorized to be appropriated to the Administration, $1,000,000 for each of fiscal years 2024 through 2028 to carry out subsection (f) of section 32 of the Small Business Act ( 15 U.S.C. 657b ), as amended by subsection (a).