Investing in VETS Act
HR 5147, the Investing in VETS Act, increases the federal government's goal for contracting with service-disabled veteran-owned small businesses from 3% to 5% of total federal contract dollars. It directly affects federal agencies, which must now aim for this higher 5% target, and service-disabled veteran-owned businesses that seek to qualify for these contracts. The bill adds a key provision requiring only businesses officially certified under Section 36 (not self-certified claims) to count toward the 5% goal and agency-specific targets. This change ensures the goal applies only to businesses with verified certification, improving accountability in the program.
Bill status
in committee
1 of 4 stages cleared
Introduction
Aug 2023
Committee Review
Floor Vote
President
Introduced Aug 4, 2023
Last action Aug 4, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Aug 4, 2023
Committee
Referred to the House Committee on Small Business.
lower
Aug 4, 2023
Introduced
Introduced in House
lower
1 primary · 8 co-sponsors
Sponsors
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