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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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Additional Information
Print number: 118_S_2146
Sponsor: Sen. Ossoff, Jon [D-GA]
Process start date: 2023-06-22