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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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Status:
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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Benefits Labor