A bill to amend the Small Business Act to establish a goal for participation by small business concerns owned and controlled by veterans in procurement contracts, and for other purposes.
A bill to amend the Small Business Act to establish a goal for participation by small business concerns owned and controlled by veterans in procurement contracts, and for other purposes.
Plain Language Summary
# S 3964 Summary **What the Bill Would Do** This bill would amend the Small Business Act to set a specific goal for how much federal government contracting work should go to small businesses owned and controlled by veterans. Currently, the government has contracting goals for various disadvantaged business groups, and this bill would add or strengthen a target for veteran-owned small businesses to win a portion of federal contracts. **Who It Affects** The bill primarily affects veterans who own small businesses and want to bid on government contracts, as well as federal agencies that award those contracts. It could also indirectly benefit the broader veteran community by directing more federal spending toward veteran-owned enterprises. **Current Status** S 3964 is currently in committee and has not yet been voted on by the full Senate.
It was introduced by Senator Tim Sheehy (R-MT) in the 119th Congress. The bill's specific provisions beyond the general goal-setting framework are not detailed in the available information.
Latest Action
Read twice and referred to the Committee on Small Business and Entrepreneurship.