Wednesday March 16, 2011 | 12:59 PM

The Senate by a 99-0 vote has voted for legislation authored by Sen. Olympia Snowe, R-Maine, that eliminates the federal charter of a group called the National Veterans Business Development Corporation.

The legislation was approved as an amendment to a small business bill being debated this week in the Senate.

The group has not received federal funding since a 2008 federal investigation called for by Snowe and Sen. John Kerry, D-Mass., found that the organization, which was supposed to help veterans start small businesses, misspent $17 million it received in federal funding, according to Snowe's office.

Snowe noted in a statement that since the 2008 findings, Congress has not granted any money to the organization, and that three existing Veterans Business Resource Centers that were run by the group have been shifted into a Small Business Administration veteran's business program. "However, it is inappropriate for TVC to continue receiving the benefits of a government charter without government oversight," Snowe said.


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Kevin Miller is Washington bureau chief for the Portland Press Herald and MaineToday Media. He has worked as a journalist in Maine for 6 ½ years, covering the environment, politics and the State House. Before arriving in Maine, he wrote about politics, government and education for newspapers in Virginia and Maryland.
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