1. Short title This Act may be cited as the Post-9/11 Veteran Business Acceleration Act . 2. Pilot program to allow eligible individuals to elect to receive financial assistance in lieu of Post-9/11 educational assistance to establish and operate a qualified business enterprise (a) Establishment of pilot program Subchapter III of chapter 33 of title 38, United States Code, is amended by adding at the end the following new section: 3328. Pilot program to allow election to receive financial assistance to establish and operate a small business (a) Establishment (1) Not later than January 1, 2021, the Secretary, in collaboration with the Administrator of the Small Business Administration, shall establish a pilot program under which an eligible individual may elect to receive financial assistance, in lieu of educational assistance under this chapter, for a three-year period— (A) to establish and operate a new qualified business enterprise; or (B) to operate an existing qualified business enterprise. (2) For purposes of paragraph (1), an eligible individual is an individual who— (A) is entitled to 36 months of educational assistance under this chapter; (B) is not in bankruptcy proceedings at the time of application