Bill > S3964

This bill, the Contract Our Veterans Act of 2026, aims to increase federal contracting opportunities for small businesses owned and controlled by veterans. It amends the Small Business Act to allow contracting officers to award contracts to these businesses through sole-source contracts (awarded without competition) or restricted competitions (where only eligible veteran-owned small businesses can bid), provided certain conditions are met, such as the business being responsible and the price being fair and reasonable. The bill also establishes a government-wide goal of at least 5 percent of all prime contract and subcontract awards going to small businesses owned and controlled by veterans, and requires detailed reporting on how these goals are being met, including specific data on sole-source and restricted competition awards. Furthermore, it integrates veteran-owned small businesses into various existing programs and reporting mechanisms within the Small Business Act, ensuring they are considered alongside other categories of small businesses.

Business and Industry

https://www.congress.gov/bill/119th-congress/senate-bill/3964/all-info