Service-Disabled Veteran Opportunities in Small Business Act
Summary
The "Service-Disabled Veteran Opportunities in Small Business Act" aims to bolster contract awards to small businesses owned and controlled by service-disabled veterans. It mandates training for federal agencies that haven't met contracting goals for these businesses. The Act also requires the Small Business Administration (SBA) to issue guidance and report annually to Congress on agency compliance and training efforts.
Expected Effects
This bill will likely increase the number of federal contracts awarded to service-disabled veteran-owned small businesses. It will also increase oversight and accountability through required training and reporting. Ultimately, this should provide more opportunities for veteran entrepreneurs.
Potential Benefits
- Increased contracting opportunities for service-disabled veteran-owned small businesses.
- Enhanced training for federal agencies on how to effectively award contracts to these businesses.
- Improved oversight and accountability through annual reporting to Congress.
- Potential for economic growth within the veteran community.
- Promotes recognition and support for veterans' contributions.
Potential Disadvantages
- Potential for increased administrative burden on federal agencies due to training and reporting requirements.
- Possible delays in contract awarding processes as agencies adapt to new training and guidance.
- Risk of insufficient funding or resources allocated to the SBA for effective training and oversight.
- May create additional compliance hurdles for small businesses to navigate.
- Potential for unintended consequences or loopholes that could undermine the Act's objectives.
Constitutional Alignment
The bill aligns with the Constitution's general welfare clause (Preamble) by aiming to support veterans, and Article I, Section 8, which grants Congress the power to regulate commerce and provide for the common defense. The bill does not appear to infringe upon any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).