What does Preamble of Contract Our Veterans Act of 2026 do?

This bill, formally titled '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,' aims to amend the Small Business Act. The bill seeks to establish a goal for participation by small business concerns owned and controlled by veterans in procurement contracts.

What does SHORT TITLE. of Contract Our Veterans Act of 2026 do?

This bill is formally titled the Contract Our Veterans Act of 2026.

What does AGENCY CONTRACTING GOALS FOR SMALL BUSINESS CONCERNS OWNED AND of Contract Our Veterans Act of 2026 do?

This section amends the Small Business Act to establish provisions regarding contracts for small business concerns owned and controlled by veterans. Contracting officers may award sole-source contracts to veteran-owned small businesses if certain conditions are met, including being a responsible source, the price not exceeding specified amounts, and a determination of a fair and reasonable price. Contracts should be awarded through restricted competition to veteran-owned small businesses if the contracting officer reasonably expects multiple offers and a fair and reasonable price. To be eligible for a contract under this section, both the small business concern and the veteran owner must be listed in a specified database.

What does GOVERNMENTWIDE GOALS AND REPORTING REQUIREMENTS FOR SMALL of Contract Our Veterans Act of 2026 do?

This section amends Section 15(g) of the Small Business Act to include small business concerns owned and controlled by veterans alongside women. It establishes a governmentwide goal for participation by veteran-owned small businesses at not less than 5 percent of the total value of prime and subcontract awards annually. This section also amends Section 15(h)(2) of the Small Business Act to require reporting on goals related to veteran-owned small businesses. Reporting requirements now include breakdowns by aggregate, sole source contracts, competitions, and unrestricted competition for veteran-owned small businesses. The reporting requirements also include specific categories related to contracts purchased by another entity and those awarded using procurement methods restricting competition to certain categories of small businesses, including veteran-owned businesses.

What does PARTICIPATION IN FEDERAL PROCUREMENT BY SMALL BUSINESS CONCERNS of Contract Our Veterans Act of 2026 do?

This section amends the Small Business Act to include references to section 36B in various provisions related to federal procurement. Amendments are made to sections 4(g)(1), 4(h)(1), 8(a)(17)(A), 15(h)(4)(A)(ii), 15(k), 15(y), 45(c)(1)(B), 46, and related subsections. The changes aim to provide increased consideration and opportunities for small business concerns owned and controlled by veterans within federal contracting. The Scorecard Program now requires reporting on awards made to veteran-owned small businesses through sole source contracts and competitions. Subcontracting limitations are also modified to include considerations for small businesses owned and controlled by veterans.

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Contract Our Veterans Act of 2026

Last updated: 3/3/2026 · Introduced: 3/3/2026

Author: Tim Sheehy (R-MT)

TL;DR (AI)

The bill establishes a goal for veteran-owned small businesses to receive at least 5% of federal prime and subcontract awards annually.
It allows contracting officers to award sole-source and restricted competition contracts to veteran-owned small businesses meeting specific criteria, including database listing and fair pricing.
The bill modifies federal procurement programs and reporting requirements to prioritize and track participation by small businesses owned and controlled by veterans.

119th Congressin committeeHR. 7534(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 3 more.

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