To amend the Small Business Act to establish a goal for participation by small business concerns owned and controlled by veterans in procurement contracts, and for other purposes.

# HR 7534 Summary **What the Bill Would Do** HR 7534 would amend the Small Business Act to set a goal for how much federal government contracting work goes to small businesses owned and controlled by veterans. Currently, the federal government has procurement goals for certain groups (like women-owned and disadvantaged businesses), but no specific target percentage for veteran-owned small businesses. This bill would establish such a goal to help veteran entrepreneurs compete for government contracts. **Who It Affects** The bill primarily affects veterans who own small businesses, as well as federal agencies that award contracts. It could also indirectly benefit the broader veteran community by creating more business opportunities and economic pathways for those who have left military service.

Federal contractors may be affected depending on how the goals are implemented. **Current Status** HR 7534 is currently in committee, meaning it has been introduced but not yet voted on by the full House of Representatives. It was sponsored by Representative Randy Fine (R-FL). The bill has not yet advanced to a floor vote or become law.