A bill to amend title 38, United States Code, to establish in the Department of Veterans Affairs the Veterans Economic Opportunity and Transition Administration, and for other purposes.

S 291 creates a new Veterans Economic Opportunity and Transition Administration within the Department of Veterans Affairs (VA) to centralize management of key economic support programs for veterans and their families. This administration will oversee existing VA programs including vocational rehabilitation, education benefits, housing loans, veteran-owned business verification, and transition assistance programs. The bill requires the VA Secretary to submit annual reports to Congress detailing program metrics like claim processing times, outcomes, and staffing. The new structure, effective October 2023, aims to streamline these services under a dedicated leadership position (Under Secretary for Economic Opportunity and Transition) without creating new benefits or funding.