The Senate this afternoon is poised to pass a bill to repeal the 3 percent withholding rule that adds an amendment aimed at helping returning veterans transition to civilian employment, including an extension of GI Bill benefits for some veterans.
The amendment, offered by Senate Majority Leader Harry Reid (D-NV), was originally the VOW to Hire Heroes Act of 2011, the Senate version of the Veterans Opportunity to Work Act (H.R. 2433) passed by the House on Oct. 13. It would extend training programs for veterans who have exhausted their unemployment benefits and help older veterans of past wars by providing up to a year of additional GI Bill benefits.
The amendment also includes a provision which extends tax credits for companies that hire unemployed veterans and increases an existing credit to companies that hire those with service-related disabilities.
ACE sent a letter of support for the measure to the Senate today.
“We know full well that with the proper support, [veterans] can excel in postsecondary education, and we are justifiably proud of the efforts our colleges and universities are making to serve them effectively,” ACE President Molly Corbett Broad wrote. “The VOW to Hire Heroes Act of 2011 provides strategic support that will create a pathway for tens of thousands of veterans to attend postsecondary institutions and obtain the training and credentials they need in order to successfully enter the workforce.”
The primary bill repeals a measure requiring federal, state and local governments to withhold 3 percent of payments to government contractors, including colleges and universities, starting in 2013.