Infrastructure Funding: 3% of Highway Contracts Reserved for Veteran Businesses.
This bill mandates that a minimum of 3% of federal funds allocated for highway construction and public transportation must be spent through small businesses owned by veterans. This change aims to boost economic opportunities for veterans in major government-funded infrastructure projects. The Secretary of Transportation will set uniform rules for certifying these veteran-owned businesses.
Key points
Mandatory spending: At least 3% of Federal-aid highway and public transportation funds must go to veteran-owned small businesses.
Increased business opportunities for veterans in the construction and infrastructure sectors.
The Secretary of Transportation must establish uniform criteria for state certification of veteran-owned businesses, including a personal net worth limit for owners.
Status:
Expired
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