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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.
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Expired
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Additional Information
Print number: 118_HR_8357
Sponsor: Rep. Kim, Andy [D-NJ-3]
Process start date: 2024-05-10
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

BUILD Veterans Businesses Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8357.

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 2024-05-10.

What are the main provisions?

Key points include:

  • 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.
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. Kim, Andy [D-NJ-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Highways and Transit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Transport Public Investments Economy