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Bill > S1469


US S1469

US S1469
Stop Stolen Valor for Service-Disabled Veteran-Owned Small Business Contractors


summary

Introduced
05/04/2023
In Committee
05/04/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A bill to require certification of small business concerns as small business concerns owned and controlled by service-disabled veterans in order to be counted toward goals for contract awards, and for other purposes.

AI Summary

This bill, the "Stop Stolen Valor for Service-Disabled Veteran-Owned Small Business Contractors," aims to eliminate self-certification for small businesses owned and controlled by service-disabled veterans (SDVOSBs) that are seeking to be counted towards federal procurement goals for SDVOSB participation. Instead, the bill requires these businesses to be certified as SDVOSB by the Small Business Administration (SBA) Administrator. It provides a phased approach, allowing existing self-certified SDVOSBs to maintain their status if they apply for SBA certification within one year, but requiring all SDVOSBs to be SBA-certified after that period. The bill also directs the SBA Administrator to promulgate regulations to implement these changes within 180 days of the bill's enactment.

Committee Categories

Business and Industry

Sponsors (4)

Last Action

Committee on Small Business and Entrepreneurship. Hearings held. (on 11/15/2023)

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