Service-Disabled Veteran Opportunities in Small Business Act
Service-Disabled Veteran Opportunities in Small Business Act
Plain Language Summary
# Service-Disabled Veteran Opportunities in Small Business Act (HR 865) **What the Bill Would Do** This bill would require the Small Business Administration (SBA) to provide training to federal employees at agencies that fail to meet a specific contracting goal. The goal is to award at least 3% of government contracts and subcontracts to businesses owned by service-disabled veterans (veterans with service-connected disabilities). If an agency misses this target, the SBA would offer training to that agency's staff to help them understand how to work with veteran-owned businesses and increase contract awards to these companies. **Who It Affects and Key Provisions** The bill primarily affects federal agencies and small business owners who are service-disabled veterans.
It also requires the SBA to publish annual reports listing which agencies failed to meet the 3% contracting goal and how many training sessions were provided. The idea is that better-informed federal employees will be more likely to hire veteran-owned businesses for government work, thereby supporting this group of business owners and veterans. **Current Status** The bill is currently in committee and has not yet been voted on by the full House of Representatives.
CRS Official Summary
Service-Disabled Veteran Opportunities in Small Business ActThis bill requires the Small Business Administration (SBA) to provide employees at any federal agency that has not met the goal of awarding at least 3% of its prime contracts and subcontracts to small businesses owned by service-disabled veterans with training to increase the number of such contracts awarded.For each fiscal year, the SBA must report a list of each agency that did not meet the contracting goal and the number of trainings the SBA provided.
Latest Action
Referred to the House Committee on Small Business.