Recent legislation now makes it possible for businesses owned by veterans to purchase “equipment and property that the federal government no longer has a use for” in an effort to assist veterans in business expansion. The legislation, named “The Veterans Small Business Enhancement Act, is bipartisan legislation that was introduced by Illinois senators Tammy Duckworth and Dick Durbin along with Republican Louisiana Sen. John Kennedy.”
According to a recent article, veteran business owners now join veteran service organizations as eligible participants to purchase surplus personal property.
American Legion National Commander Brett P. Reistad has previously said, “Unclaimed surplus property costs the federal government millions of dollars to dispose of or maintain every year. This same surplus property may help small businesses offset the overhead expenses associated with opening a storefront or office, which benefits the United States.“
The act is supported by many veteran friendly organizations including the Veterans of Foreign Wars, American Legion, Paralyzed Veterans of America, National Association of State Agencies for Surplus Property, the Association of the United States Army and the Military Offices Association of America.