Contract Our Veterans Act of 2026

This bill, known as the Contract Our Veterans Act of 2026, amends the Small Business Act to establish a specific goal for federal agencies to award at least 5 percent of total prime contract and subcontract value to small businesses owned and controlled by veterans. The legislation creates new contracting procedures that allow agencies to use sole source contracts and restricted competition methods for these veteran-owned businesses under certain conditions, such as when multiple qualified vendors are expected to submit offers. Additionally, the bill requires federal agencies to track and report on veteran-owned business participation across various procurement categories, including sole source awards and restricted competitions, and updates existing small business utilization programs to include this new category.