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Increasing Federal Contracts for Service-Disabled Veteran-Owned Small Businesses.

This Act aims to boost the number of federal contracts awarded to small businesses owned by service-disabled veterans. It mandates training for employees at federal agencies that fail to meet established contracting goals and requires the issuance of guidance and annual reports to Congress. This translates into greater business opportunities and financial support for veterans running their own enterprises.
Key points
Mandatory Training for Federal Agencies: Employees at agencies failing to meet veteran contracting goals must receive training on how to increase these contract awards.
Guidance and Best Practices: The Administrator must issue guidance and best practices to help federal agencies increase contract awards to veteran-owned small businesses.
Annual Reports to Congress: The Administration must annually report to Congress detailing which agencies failed to meet the goal and the number of trainings provided.
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Additional Information
Print number: 118_S_4417
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2024-05-23