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Support for Veteran-Owned Businesses in Highway and Transportation Projects

This new bill aims to ensure that at least 3% of federal highway and public transportation funds are spent through small businesses owned by veterans. This initiative seeks to boost economic development for veterans and their enterprises, giving them a larger share in significant infrastructure projects. Citizens might see more veteran-owned businesses involved in road construction and maintenance.
Key points
At least 3% of federal highway and public transportation funds will be allocated to veteran-owned businesses.
Uniform criteria will be established for states to certify veteran-owned businesses, including a personal net worth limit for owners.
States will be required to report information on contracts awarded to veteran-owned businesses.
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Additional Information
Print number: 117_HR_3776
Sponsor: Rep. Kim, Andy [D-NJ-3]
Process start date: 2021-06-08