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A bill to amend the Small Business Act to require training on increasing contract awards to small business concerns owned and controlled by service-disabled veterans, and for other purposes.

5/24/2024, 10:56 AM

Summary of Bill S 4417

Bill 118 s 4417, also known as the "Service-Disabled Veteran-Owned Small Business Training Act," aims to amend the Small Business Act to mandate training on how to increase contract awards to small businesses owned and controlled by service-disabled veterans. The bill seeks to provide these veteran-owned businesses with the necessary tools and resources to successfully compete for and secure government contracts.

The training required by this bill will focus on strategies and best practices for navigating the federal contracting process, as well as ways to effectively market and promote their businesses to government agencies. By equipping service-disabled veteran-owned small businesses with the knowledge and skills needed to compete in the federal marketplace, the bill aims to increase their access to contracting opportunities and ultimately help them grow and succeed.

In addition to the training mandate, the bill also includes provisions for reporting requirements and oversight to ensure that the training is effectively implemented and that service-disabled veteran-owned small businesses are benefiting from the program. Overall, the "Service-Disabled Veteran-Owned Small Business Training Act" seeks to support and empower service-disabled veterans who have started their own businesses by providing them with the tools and resources needed to thrive in the federal contracting arena.

Current Status of Bill S 4417

Bill S 4417 is currently in the status of Bill Introduced since May 23, 2024. Bill S 4417 was introduced during Congress 118 and was introduced to the Senate on May 23, 2024.  Bill S 4417's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of May 23, 2024

Bipartisan Support of Bill S 4417

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4417

Primary Policy Focus

Alternate Title(s) of Bill S 4417

A bill to amend the Small Business Act to require training on increasing contract awards to small business concerns owned and controlled by service-disabled veterans, and for other purposes.
A bill to amend the Small Business Act to require training on increasing contract awards to small business concerns owned and controlled by service-disabled veterans, and for other purposes.

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