Investing in VETS Act

12/15/2023, 4:01 PM

Investing in Veteran Entrepreneurial Talents Act or the Investing in VETS Act

This bill raises from 3% to 5% the federal contracting participation goal for small businesses that are owned and controlled by service-disabled veterans.

Only small businesses owned and controlled by service-disabled veterans that have been certified by the Small Business Administration may be included in calculating goals related to small businesses owned and controlled by service-disabled veterans.

Congress
118
Number
HR - 5147
Introduced on
2023-08-04
# Amendments
0
Sponsors
+5
Cosponsors
+5

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Investing in Veteran Entrepreneurial Talents Act or the Investing in VETS Act

This bill raises from 3% to 5% the federal contracting participation goal for small businesses that are owned and controlled by service-disabled veterans.

Only small businesses owned and controlled by service-disabled veterans that have been certified by the Small Business Administration may be included in calculating goals related to small businesses owned and controlled by service-disabled veterans.

Policy Areas
Commerce

Comments

Recent Activity

Latest Summary9/25/2023

Investing in Veteran Entrepreneurial Talents Act or the Investing in VETS Act

This bill raises from 3% to 5% the federal contracting participation goal for small businesses that are owned and controlled by service-disabled veterans....

Latest Action8/4/2023
Referred to the House Committee on Small Business.