S. 1870 would establish a pilot program to provide grants to veterans that would be used to start or acquire a small business. The program would be authorized to award no more than 250 grants during a three-year period.
CBO estimates that implementing S. 1870 would cost $80 million over the 2016-2020 period, assuming appropriation of the necessary funds. Pay-as-you-go procedures do not apply to this legislation because enacting the bill would not affect direct spending or revenues.
S. 1870 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.