Investing in VETS Act

The Investing in VETS Act (S 2146) raises the federal government's goal for contracting with service-disabled veteran-owned small businesses from 3% to 5% of total federal contracting dollars. This change directly affects federal agencies, which must now aim to meet the higher 5% target in their procurement plans, and service-disabled veteran-owned small businesses, which gain a stronger contractual target. The bill amends Section 15(g)(1)(A)(ii) of the Small Business Act to update this governmentwide requirement. It focuses on increasing opportunities for this specific business group through a concrete policy adjustment in federal contracting rules.