Policy Impact Analysis - 117/HR/7243

Bill Overview

Title: Veterans Rapid Retraining Assistance Program Restoration Act of 2022

Description: This bill prohibits the Department of Veterans Affairs (VA) from charging any entitlement to retraining assistance under the Veteran Rapid Retraining Assistance Program in situations where an individual was unable to complete a course or program as a result of the closure of an educational institution or the disapproval of a program by the state approving agency or the VA. The period for which retraining assistance is not charged must be equal to the full amount of retraining assistance provided for enrollment in the program of education. In the event of a closure or disapproval, the educational institution must not receive any further payments under the program.

Sponsors: Rep. Davis, Danny K. [D-IL-7]

Target Audience

Population: Veterans who are beneficiaries of the Veterans Rapid Retraining Assistance Program

Estimated Size: 1800000

Reasoning

Simulated Interviews

Unemployed, former serviceman (Florida)

Age: 32 | Gender: male

Wellbeing Before Policy: 4

Duration of Impact: 2.0 years

Commonness: 5/20

Statement of Opinion:

  • The policy is a relief as it ensures I can resume my courses without worrying about costs if disruptions happen.
  • I was concerned about not being able to complete the program amidst endless district closures.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 4
Year 2 7 4
Year 3 6 4
Year 5 6 3
Year 10 5 3
Year 20 4 2

Veteran Transition Counselor (Texas)

Age: 45 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 2.0 years

Commonness: 10/20

Statement of Opinion:

  • This policy will enable many veterans I work with to complete their training without financial setbacks due to closures.
  • It's crucial for building confidence in educational investments.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 7 6
Year 5 7 5
Year 10 6 4
Year 20 5 4

Registered Nurse (California)

Age: 50 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 0.0 years

Commonness: 15/20

Statement of Opinion:

  • I don't expect much change since I'm not enrolled in any retraining program.
  • However, it's reassuring for peers transitioning to new careers.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 8
Year 20 7 7

Electrician Apprentice (Ohio)

Age: 28 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 1.0 years

Commonness: 8/20

Statement of Opinion:

  • This increases my confidence in enrolling for further training as it mitigates risks of sudden school closures.
  • Looks like a good safety net.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 6 5
Year 5 6 5
Year 10 7 5
Year 20 6 5

Tech Consultant (Washington)

Age: 38 | Gender: other

Wellbeing Before Policy: 6

Duration of Impact: 2.0 years

Commonness: 7/20

Statement of Opinion:

  • The policy could benefit many as I've seen similar closures adversely affect veterans.
  • It's a necessary backup plan.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 6 6
Year 3 6 5
Year 5 7 5
Year 10 7 5
Year 20 6 5

Retired (New York)

Age: 55 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 0.0 years

Commonness: 18/20

Statement of Opinion:

  • I personally won't be affected, but it's positive news for those still aiming for career shifts due to earlier job losses.
  • Ironclad policies like this can reduce fears.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 7 7
Year 20 6 6

Part-Time Student (Michigan)

Age: 26 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 3.0 years

Commonness: 6/20

Statement of Opinion:

  • On already tight budgets, anything that keeps my training funded is appreciated.
  • It's reassuring to know I can focus more on learning than on the 'what-ifs'.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 6
Year 2 8 6
Year 3 7 5
Year 5 7 4
Year 10 6 3
Year 20 5 3

Student, Business Administration (Illinois)

Age: 34 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 2.0 years

Commonness: 9/20

Statement of Opinion:

  • I hope this policy ensures smooth course completion if unexpected institution changes occur.
  • I plan to start a new job with these skills so reliability is key.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 5
Year 2 7 5
Year 3 6 5
Year 5 6 4
Year 10 6 4
Year 20 5 3

Software Developer (Colorado)

Age: 43 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 0.0 years

Commonness: 14/20

Statement of Opinion:

  • No immediate personal value from this policy, but supportive of initiatives ensuring continued access to education.
  • It doesn't affect my current standing directly.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 8
Year 20 7 7

Personal Trainer (Nevada)

Age: 30 | Gender: other

Wellbeing Before Policy: 7

Duration of Impact: 1.5 years

Commonness: 12/20

Statement of Opinion:

  • The policy is a bolster against program mishaps affecting solid student plans.
  • It's a boost to veterans' trust in using these educational benefits freely.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 6
Year 3 6 6
Year 5 6 6
Year 10 7 6
Year 20 6 6

Cost Estimates

Year 1: $150000000 (Low: $100000000, High: $200000000)

Year 2: $150000000 (Low: $100000000, High: $200000000)

Year 3: $150000000 (Low: $100000000, High: $200000000)

Year 5: $150000000 (Low: $100000000, High: $200000000)

Year 10: $150000000 (Low: $100000000, High: $200000000)

Year 100: $150000000 (Low: $100000000, High: $200000000)

Key Considerations