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More Opportunities for Veteran Businesses: Increased Federal Contract Participation.

This act aims to boost opportunities for small businesses owned by service-disabled veterans. It changes the government-wide goal for their participation in federal contracts from 3% to 5%. This means more government funds will be directed towards supporting veteran entrepreneurship, potentially leading to job creation and local economic growth.
Key points
Increases the federal contracting goal for service-disabled veteran-owned small businesses from 3% to 5%.
Provides greater financial support and business opportunities for veteran entrepreneurs with disabilities.
Potential for increased employment and economic development within veteran communities.
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Expired
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Additional Information
Print number: 117_HR_5953
Sponsor: Rep. Hollingsworth, Trey [R-IN-9]
Process start date: 2021-11-12
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Investing in VETS Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5953.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-11-12.

What are the main provisions?

Key points include:

  • Increases the federal contracting goal for service-disabled veteran-owned small businesses from 3% to 5%.
  • Provides greater financial support and business opportunities for veteran entrepreneurs with disabilities.
  • Potential for increased employment and economic development within veteran communities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hollingsworth, Trey [R-IN-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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