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Veteran Business Certification: Ending Self-Verification for Federal Contracts.

This law mandates official certification by the Small Business Administration (SBA) for businesses owned by service-disabled veterans seeking federal contracts. The goal is to prevent fraud and ensure that contracts intended for veterans are awarded only to legitimate veteran-owned enterprises. Currently self-certified businesses have one year to apply for official certification to maintain their eligibility.
Key points
Mandatory SBA Certification: Service-disabled veteran-owned businesses must now be officially certified by the SBA to qualify for federal contract goals.
Combating Fraud: The change aims to stop non-veteran businesses from falsely claiming veteran status to secure government contracts.
One-Year Transition: Existing self-certified businesses have 12 months to file an application for official certification to retain their contracting eligibility.
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Additional Information
Print number: 118_S_1469
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2023-05-04