Summary
A bipartisan bill, called the Veterans Energy Transition (VET) Act, is being supported by industry groups to encourage companies to hire veterans. The proposal offers grants to help cover the costs of hiring and training veterans in technical and electrical jobs. The bill aims to ease workforce shortages and help veterans transition to civilian careers.
Key Facts
- The VET Act is a bipartisan bill introduced in June of the previous year.
- It provides financial grants to employers for hiring and training veterans.
- Each veteran hired can bring a company up to $10,000 in grants, with a maximum of $500,000 available annually for training and other costs.
- The program prioritizes veterans who face employment challenges, including those with disabilities.
- The bill is supported by representatives from both the Republican and Democratic parties.
- The Department of Labor would manage the program, ensuring coordination with existing federal efforts.
- Industry groups highlight a shortage of skilled workers in energy and manufacturing as a reason for supporting the bill.
- About 200,000 veterans leave the military each year, which the proposal aims to integrate into the workforce effectively.
