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S3964119th CongressWALLET

Contract Our Veterans Act of 2026

Sponsored By: Senator Sen. Sheehy, Tim [R-MT]

Introduced

Summary

This bill would set a new governmentwide target and give veterans-owned small businesses a dedicated contracting path with a goal of 5% governmentwide procurement participation for veteran‑owned small businesses. It would create a new Section 36B authority that lets contracting officers use sole‑source and veteran‑only competitions when the firm is qualified and awards meet fair‑price and best‑value tests.

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  • Veterans-owned small businesses: Would gain a dedicated procurement pathway (Section 36B) that allows sole‑source awards above the simplified acquisition threshold and competitions restricted to veteran‑owned firms when at least two offers are expected. Eligibility would require listing in the Section 36(f)(1) database.
  • Federal contracting offices and agencies: Would be asked to target not less than 5% of prime and subcontract dollars to veteran‑owned firms and must expand reporting to capture counts and dollar amounts for 36B awards and related methods.
  • Small Business Administration programs and partners: Would fold 36B into scorecards, Mentor‑Protege, Best‑in‑Class rules, subcontracting considerations, and other SBA authorities so veteran ownership is tracked and supported across procurement programs.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More federal contracts for veteran businesses

If enacted, this bill would add a federal procurement pathway just for small businesses owned and controlled by veterans. It would let contracting officers award sole‑source contracts above the simplified acquisition threshold if the firm is a responsible source, the anticipated award price (including options) does not exceed the amounts in section 36(c)(2), and the price is fair and reasonable and offers best value. It would also let agencies restrict competition to veteran‑owned firms when they reasonably expect at least two such firms will submit offers and the award is fair and offers best value. The bill would set a governmentwide goal that at least 5% of prime and subcontract dollars go to veteran‑owned small businesses each fiscal year. It would require eligibility via the SBA central registry (section 36(f)(1)) and expand agency reporting and scorecards to track veteran‑owned awards.

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Sponsors & CoSponsors

Sponsor

Sen. Sheehy, Tim [R-MT]

MT • R

Cosponsors

  • Sen. Schiff, Adam B. [D-CA]

    CA • D

    Sponsored 3/3/2026

  • Sen. Padilla, Alex [D-CA]

    CA • D

    Sponsored 3/24/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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