BILL ANALYSIS Ó AJR 7 Page 1 Date of Hearing: April 28, 2015 ASSEMBLY COMMITTEE ON VETERANS AFFAIRS Jacqui Irwin, Chair AJR 7 (Mathis) - As Introduced February 25, 2015 SUBJECT: Disabled veterans: first businesses SUMMARY: Requests changes in the GI Bill, as specified. Specifically, this resolution: > 1.Requests that the Congress of the United States of America further amend the GI Bill of Rights to make benefits available, with all appropriate safeguards, to disabled veterans for use as startup capital in the establishment of first businesses; 2.Directs the Chief Clerk of the Assembly transmit copies of the resolution to the President and Vice President of the United States, to the Speaker of the House of Representatives, to the Majority Leader of the Senate, and to each Senator and Representative from California in the Congress of the United States EXISTING LAW: The Post-9/11 Veterans Educational Assistance Act of 2008 is Title V of the Supplemental Appropriations Act of 2008, Pub.L. 110-252, H.R. 2642, an Act of Congress which became law on June 30, 2008. AJR 7 Page 2 FISCAL EFFECT: None, this measure is not keyed fiscal. COMMENTS: According to the author: California is currently home to more than 1,800,000 veterans of our Armed Forces. Men and women of the State of California volunteer to serve in the Armed Forces of the United States in greater numbers than those from any other state. California veterans have been grateful recipients of the financial support of their fellow Americans through the Veterans Administration and the GI Bill. The Congress of the United States passed, and President Franklin D. Roosevelt signed, the GI Bill of Rights in 1944 to support our veterans of World War II in their transition back to civilian life. Congress in 2008 added significant new benefits for those who enlisted to serve the nation in the wake of the attacks on the United States on September 11, 2001. Up to 10 percent of veterans choose to start, run, and own their own businesses. Some veterans transitioning to civilian life may elect to start their own businesses as a civilian career path instead of going to school. The armed services have the Transition GPS (formerly TAP) program, which assists members leaving active service. TGPS recognizes that many servicemembers will elect to start businesses and features an entrepreneurship track. The concept of this measure is to assist future entrepreneurs transitioning from military to civilian life in the same way that we currently assist future scholars. This is a strong overall concept. However, the details of creating a parallel or AJR 7 Page 3 complementary Entrepreneurship GI Bill will be very important. The measure recognizes this and contains language pertaining to appropriate safeguards for use in the concept advanced. Careful consideration to the details including safeguards, protections, and support for veteran entrepreneurs will be important aspects for Congress and the President to consider. REGISTERED SUPPORT / OPPOSITION: Support > Opposition > Analysis Prepared by:John Spangler / V.A. / (916) 319-3550 AJR 7 Page 4