Rep. Fine Proposes 5% Federal Contract Guarantee for Veteran-Owned Small Businesses
A house committee must act next: committee consideration.
This bill’s path across every version that has carried it.
Reintroduced
Reintroduced from H.R. 7401 (118th), which died when its Congress ended.
H.R. 7401 (118th) →Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Veteran-owned small businesses would gain new contracting advantages, but non-veteran small business owners could face increased competition for federal contracts as agencies redirect a share of procurements to meet the new 5% veteran-owned goal. Existing set-aside categories for women-owned and disadvantaged businesses may also see indirect pressure on their contract pipelines.
“small business concerns owned and controlled by women, and small business concerns owned and controlled by veterans”
Referred to the House Committee on Small Business.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Congressman Randy Fine (FL-06) introduced the Contract Our Veterans Act, establishing a 5% federal contracting goal for Veteran-Owned Small Businesses (VOSBs). The bill grants agencies sole-source award authority and allows for contract set-asides to help veterans compete with larger corporations.
The Contract Our Veterans Act aims to set a 5% contracting goal for the Department of Defense to award prime and sub-contracts to veteran-owned small businesses. The bipartisan effort seeks to promote entrepreneurship and strengthen national supply chains by prioritizing veteran-led firms.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Contract Our Veterans Act of 2026
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