Sets 5% federal contract goal for veteran-owned small businesses
This bill would set a new goal for government departments to give at least 5% of their contracts to small businesses owned by veterans each year. It would also create new ways for these businesses to get government contracts, making it easier for them to work with the government. This aims to give more chances to veteran business owners across the country.
Today, there isn't a specific governmentwide goal for how much federal contract money goes to small businesses owned by veterans. This bill would create a goal of at least 5% of all federal contracts going to these businesses each year. It would also set up new ways for government contract managers to award contracts directly or through special competitions to veteran-owned small businesses, which is not currently a dedicated process.
HR 7534 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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