This legislation establishes a comprehensive framework for enhancing veteran well-being and success after military service. Congress finds that successful veterans provide a continued return on investment to the United States, strengthen the economy, and enhance national security and military readiness by inspiring future generations to serve.

The bill mandates that the President, in collaboration with a wide array of key stakeholders, establish metrics to determine the well-being of the veteran population. These metrics will cover critical areas such as physical health, mental health, economic security and opportunity, education, family and social engagement, and civic engagement. Key stakeholders involved in this process include:

Congress
Various federal departments (e.g., VA, Defense, Labor, HHS, HUD)
State and local governments
Tribal organizations
Veterans service organizations
Nonprofit organizations serving veterans
Institutions of higher learning and research organizations
Philanthropy associations, trade/professional associations, and private sector companies

Furthermore, the President is required to formulate and submit to Congress a National Veterans Strategy not less frequently than every four years. This strategy will align resources and efforts across government, nonprofit, and private sectors to help veterans achieve success based on the defined metrics. The formulation process must involve extensive consultation with these stakeholders and public input, including feedback from veterans and their families.

The Strategy must consider the diverse needs of veterans across demographics like age, geographic location, sex, race, service period, and disability status. It will provide methods for evaluating overall veteran well-being and direct how benefits and services should be applied to maximize effectiveness and efficiency across all sectors. This includes coordinating direct services and federal grants, and potentially delineating services by organization type.

To ensure accountability, the Strategy must include standard metrics for evaluating outcomes, which federal agencies and grant recipients must apply uniformly. The President will direct federal agencies to implement the Strategy, incorporating its objectives into their strategic plans. Annual reports to Congress will detail implementation progress, spending alignment, and identify barriers and recommendations for improvement, while quadrennial reviews, also with public input, will assess the Strategy's effectiveness and recommend updates.