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H.R. 5953House117th Congress (2021-2023)In Committee

Investing in VETS Act

Sponsored by Trey HollingsworthRep. Trey Hollingsworth (R-IN)
Introduced November 12, 2021

AI-Generated Summary

Updated February 8, 2026 at 8:01 AM UTC

The Investing in VETS Act amends the Small Business Act to raise the federal government‑wide contracting goal for small businesses owned and controlled by service‑disabled veterans from 3 percent to 5 percent of total contract dollars. The change applies to all federal agencies that follow the government‑wide goal and is intended to increase opportunities for veteran‑owned firms.

Key Provisions

  • Increase the government‑wide participation goal for service‑disabled veteran‑owned small businesses from 3% to 5% of total federal contract spending by amending Section 15(g)(1)(A)(ii) of the Small Business Act.

Legislative Activity

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1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Small Business.

Small Business Committee

November 12, 2021

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HouseIntro Referral

Introduced in House

November 12, 2021

HouseIntro Referral

Referred to the House Committee on Small Business.

Small Business Committee

November 12, 2021

Bill Text

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Introduced in HouseIssued November 12, 2021

I

117th CONGRESS

1st Session

H. R. 5953

IN THE HOUSE OF REPRESENTATIVES

November 12, 2021

Mr. Hollingsworth (for himself and Mr. Mrvan) introduced the following bill; which was referred to the Committee on Small Business

A BILL

To amend the Small Business Act to increase in Governmentwide goal for participation in Federal contracts by small business concerns owned and controlled by service-disabled veterans.

1.

Short title

This Act may be cited as the Investing in Veteran Entrepreneurial Talents Act or the Investing in VETS Act.

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 is amended by striking 3 percent and inserting 5 percent.