BUILD Veterans Businesses Act of 2021

Bill 117 hr 3776, also known as the BUILD Veterans Businesses Act of 2021, aims to support and promote veteran-owned businesses in the United States. The bill was introduced in the House of Representatives on June 28, 2021, by Representative Mike Bost from Illinois.

The main provisions of the bill include establishing a grant program within the Small Business Administration (SBA) to provide funding to veteran-owned small businesses for the purpose of expanding their operations, hiring additional employees, and increasing their capacity to compete in the marketplace. The bill also requires the SBA to provide technical assistance to veteran-owned businesses to help them navigate the federal procurement process and access government contracts.

Additionally, the bill requires federal agencies to set aside a certain percentage of their procurement contracts for veteran-owned small businesses, in line with existing federal contracting goals for small businesses owned by service-disabled veterans. Overall, the BUILD Veterans Businesses Act of 2021 aims to provide much-needed support and resources to veteran entrepreneurs, helping them grow their businesses and succeed in the competitive marketplace. The bill has received bipartisan support in Congress and is currently pending further action in the House Small Business Committee.