Contract Our Veterans Act of 2026

The Contract Our Veterans Act of 2026 establishes new federal contracting preferences for small businesses owned and controlled by veterans. It allows agencies to award contracts above the simplified acquisition threshold without competition to qualified veteran-owned businesses if they meet performance, pricing, and value criteria, and creates restricted competitions exclusively for these businesses. The bill sets a mandatory governmentwide goal of at least 5% of all federal prime and subcontract awards going to veteran-owned small businesses each fiscal year. It also amends reporting requirements to track these contracts separately across agencies, including through sole-source awards and restricted competitions. This directly affects veteran-owned small businesses seeking federal contracts and federal agencies responsible for procurement.