A bill to amend the Small Business Act to establish a goal for participation by small business concerns owned and controlled by veterans in procurement contracts, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3964 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3964 To amend the Small Business Act to establish a goal for participation by small business concerns owned and controlled by veterans in procurement contracts, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 3, 2026 Mr. Sheehy (for himself and Mr. Schiff) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship _______________________________________________________________________ A BILL To amend the Small Business Act to establish a goal for participation by small business concerns owned and controlled by veterans in procurement contracts, 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 ``Contract Our Veterans Act of 2026''. SEC. 2. AGENCY CONTRACTING GOALS FOR SMALL BUSINESS CONCERNS OWNED AND CONTROLLED BY VETERANS. The Small Business Act (15 U.S.C. 631 et seq.) is amended by inserting after section 36A the following: ``SEC. 36B. SMALL BUSINESS CONCERNS OWNED AND CONTROLLED BY VETERANS. ``(a) Contracting Officer Defined.--In this section, the term `contracting officer' has the meaning given the term in section 2101 of title 41, United States Code. ``(b) Sole Source Contracts for Contracts Above Simplified Acquisition Threshold.--A contracting officer may award a contract to a small business concern owned and controlled by veterans using procedures other than competitive procedures if-- ``(1) the concern is determined to be a responsible source with respect to performance of the contract; ``(2) the anticipated award price of the contract (including options) will not exceed the amounts specified in section 36(c)(2); and ``(3