[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5147 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 5147

     To amend the Small Business Act to increase certain goal for 
participation in Federal contracts by small business concerns owned and 
controlled by service-disabled veterans, to exclude such self-certified 
 concerns from governmentwide and Federal agency goals, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 4, 2023

 Mrs. Kiggans of Virginia (for herself, Mr. Mrvan, Mr. Hunt, Mr. Davis 
 of North Carolina, and Ms. Pettersen) introduced the following bill; 
         which was referred to the Committee on Small Business

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                                 A BILL


 
     To amend the Small Business Act to increase certain goal for 
participation in Federal contracts by small business concerns owned and 
controlled by service-disabled veterans, to exclude such self-certified 
 concerns from governmentwide and Federal agency goals, 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 ``Investing in Veteran Entrepreneurial 
Talents Act'' or the ``Investing in VETS Act''.

SEC. 2. INCREASE IN GOVERNMENTWIDE GOAL FOR PARTICIPATION IN FEDERAL 
              CONTRACTS BY SMALL BUSINESS CONCERNS OWNED AND CONTROLLED 
              BY SERVICE-DISABLED VETERANS.

    Section 15(g)(1)(A)(ii) of the Small Business Act (15 U.S.C. 
644(g)(1)(A)(ii)) is amended by striking ``3 percent'' and inserting 
``5 percent''.

SEC. 3. EXCLUSION OF SELF-CERTIFIED SDVOSBS FROM GOVERNMENTWIDE AND 
              AGENCY GOALS.

    Section 15(g) of such Act (15 U.S.C. 644(g)) is amended by adding 
at the end the following new paragraph:
    ``(4) Exclusion of Self-Certified SDVOSBs From Goals.--Only small 
business concerns owned and controlled by service-disabled veterans 
that have been certified under section 36 shall be included in 
calculating the goals established--
            ``(A) under this paragraph (1)(A)(ii); and
            ``(B) by the head of a Federal agency for small business 
        concerns owned and controlled by service-disabled veterans 
        under paragraph (2).''.
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