FAIR Vets Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6648 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 6648 To amend the Small Business Act to adjust sole-source thresholds for service-disabled veteran-owned small business concerns, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 11, 2025 Mrs. Kiggans of Virginia (for herself, Mr. Neguse, and Mr. Bacon) introduced the following bill; which was referred to the Committee on Small Business _______________________________________________________________________ A BILL To amend the Small Business Act to adjust sole-source thresholds for service-disabled veteran-owned small business concerns, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Federal Acquisition Improvement and Reform Vets Act'' or the ``FAIR Vets Act''. SEC. 2. MODERNIZATION OF SOLE-SOURCE THRESHOLDS FOR SERVICE-DISABLED VETERAN-OWNED SMALL BUSINESS CONCERNS. (a) Amendments.--Section 36 of the Small Business Act (15 U.S.C. 657f) is amended-- (1) in subsection (c)(2), by striking ``(including options)''; (2) in subsection (c)(2)(A), by striking ``$7,000,000'' and inserting ``$10,000,000''; and (3) in subsection (c)(2)(B), by striking ``$3,000,000'' and inserting ``$8,000,000''. (b) Implementation.--Not later than 180 days after the date of enactment of this Act, the Federal Acquisition Regulatory Council shall amend the Federal Acquisition Regulation (including FAR 19.1406) and the Secretary of Defense shall amend the Defense Federal Acquisition Regulation Supplement to implement the amendments made by subsection (a). (c) Application.--The amendments made by this section shall apply to solicitations issued on or after the date that is 180 days after the date of enactment of th