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.

This bill would amend the Small Business Act to create a specific participation goal for federal government contracts directed toward small business concerns that are owned and controlled by veterans. The measure would establish a target for how much federal procurement spending should go to veteran-owned small businesses, similar to existing goals for other disadvantaged business categories.

If enacted, the bill could increase opportunities for veteran entrepreneurs to compete for federal contracts and potentially grow their businesses through government procurement. The practical effect would depend on the specific goal percentage set and how federal agencies implement and track progress toward meeting it. Currently, the bill is in the early stages of the legislative process, having been introduced in the House and referred to committee for consideration.