Bill > HR7534

This bill, titled the "Contract Our Veterans Act of 2026," aims to increase federal contracting opportunities for small businesses owned and controlled by veterans. It proposes amending the Small Business Act to establish a government-wide goal of at least 5% of all prime contract and subcontract awards going to these veteran-owned businesses. The bill also introduces new provisions allowing contracting officers to award contracts to eligible veteran-owned small businesses either through sole-source contracts (meaning without competition) under certain conditions, or through restricted competition where only veteran-owned small businesses can bid. To be eligible, these businesses and their veteran owners must be listed in a specific government database. Furthermore, the bill mandates detailed reporting on how these goals are being met, including tracking awards made through various contracting methods and to different categories of veteran-owned businesses. The legislation also makes conforming amendments to various sections of the Small Business Act to integrate these new provisions and ensure that veteran-owned small businesses are considered in existing programs and reporting mechanisms.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/7534/all-info