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Boosting Federal Contracts Goal for Service-Disabled Veteran-Owned Businesses.

This act raises the federal government's goal for awarding contracts to small businesses owned by service-disabled veterans. The target share of public contracts for these businesses increases from 3% to 5%. This change aims to provide greater economic opportunities and financial support for veteran entrepreneurs, enhancing their business stability.
Key points
The government-wide goal for federal contracts awarded to veteran-owned small businesses increases from 3% to 5%.
Provides enhanced business opportunities and increased revenue potential for service-disabled veteran entrepreneurs.
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Expired
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Additional Information
Print number: 118_S_2146
Sponsor: Sen. Ossoff, Jon [D-GA]
Process start date: 2023-06-22
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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

Investing in VETS Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2146.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-22.

What are the main provisions?

Key points include:

  • The government-wide goal for federal contracts awarded to veteran-owned small businesses increases from 3% to 5%.
  • Provides enhanced business opportunities and increased revenue potential for service-disabled veteran entrepreneurs.
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 Sen. Ossoff, Jon [D-GA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Public Investments