VET Act of 2025
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Veterans Energy Transition Act of 2025 (VET Act) aims to help veterans, members of the Armed Forces, and their spouses find employment in the energy industry. It establishes a grant program where the Department of Labor will provide funding to companies that hire eligible individuals. The program prioritizes veterans with relevant skills or military experience, those residing in qualified opportunity zones, and those facing employment barriers like disabilities or homelessness.
Key provisions
- Creates a grant program funded by $60 million annually from 2026-2031.
- Provides grants to companies that hire veterans, active-duty military members, and their spouses.
- Offers preference to veterans with relevant military experience, those in qualified opportunity zones, or those facing employment barriers.
- Covers costs associated with training, recruitment, and relocation for newly hired employees.
- Sets a maximum grant amount of $10,000 per covered individual and $500,000 annually for grant recipients.
- Requires grant recipients to report on the use of funds, employee retention, and satisfaction.
- Mandates coordination with the Departments of Defense and Veterans Affairs to avoid duplication of services.
- Requires a report to Congress evaluating the program's effectiveness by September 30, 2030.
Who is affected
- Veterans
- Members of the Armed Forces
Bill text
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Sponsors
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