The Veterans Entrepreneurship Act of 2026 establishes a three-year pilot program to provide grants to eligible veterans for starting or acquiring small businesses, franchises, or other qualifying enterprises. To receive funding, veterans must complete approved entrepreneurship training and submit a business plan that is reviewed and approved by an advisor before any money is disbursed. Grants are distributed in monthly installments over up to 12 months, contingent on the veteran meeting specific milestones outlined in their approved business plan. The program is limited to 250 recipients and requires geographic diversity among applicants, with a final report due two years after the program begins to assess its effectiveness.
This bill requires the Small Business Administration to submit detailed annual reports to Congress on how small businesses are participating in federal contracting programs. The legislation mandates that these reports include specific data on application numbers, certification outcomes, and processing times for various categories of small businesses, including those owned by service-disabled veterans, women, and HUBZone businesses. A key provision is the requirement to track how long it takes to process applications and to identify instances where businesses use multiple certification programs simultaneously. By collecting this granular information, the bill aims to increase transparency regarding the efficiency and effectiveness of federal small business certification processes.
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Data Reporting
Small Business
This bill, known as the Contract Our Veterans Act of 2026, amends the Small Business Act to establish a specific goal for federal agencies to award at least 5 percent of total prime contract and subcontract value to small businesses owned and controlled by veterans. The legislation creates new contracting procedures that allow agencies to use sole source contracts and restricted competition methods for these veteran-owned businesses under certain conditions, such as when multiple qualified vendors are expected to submit offers. Additionally, the bill requires federal agencies to track and report on veteran-owned business participation across various procurement categories, including sole source awards and restricted competitions, and updates existing small business utilization programs to include this new category.
The Commonsense Legislating Act (HR 6039) makes several significant changes to federal programs. It extends the FAST Program through 2030, requires enhanced outreach to minority and Hispanic-serving institutions for small business grants, and expands the work opportunity tax credit to include military spouses. The bill establishes a Working Families Task Force to address challenges like affordability and childcare, and mandates annual mental health consultations for veterans with service-connected mental health disabilities. Additionally, it creates Native American tourism grant programs with $35 million in funding for 2026-2030 and establishes a Fentanyl Disruption Steering Group within the National Security Council.
This bill amends the Small Business Act to allow surviving children of service-disabled veterans to maintain a business's status as "owned and controlled by service-disabled veterans" after the veteran owner's death. It adds surviving children (biological or adopted) to the definition of eligible owners, enabling them to inherit the veteran's ownership stake if they acquire it immediately after the death. The business must have been previously certified under the program, and the child must hold the ownership for up to three years (or until they relinquish it) to keep the business eligible for veteran-owned business benefits. This change directly affects small businesses owned by service-disabled veterans that would otherwise lose their veteran-owned status upon the owner's death.
The SERV Act requires the Small Business Administration (SBA) to annually report on its outreach efforts for veteran entrepreneurs, including programs like Veteran Business Outreach Centers and Boots to Business. It also mandates a Government Accountability Office (GAO) report analyzing credit access barriers for veteran-owned small businesses, covering credit sources, default rates, program gaps, and how military service affects credit history. The bill directly affects veterans, service-disabled veterans, Reservists, and their spouses who own or seek to start businesses. These reporting requirements aim to improve understanding of support needs without creating new funding or programs.
This bill requires federal agencies that haven't met a specific goal for awarding contracts to service-disabled veteran-owned small businesses to provide employee training on increasing such contracts. The Small Business Administration, working with the Office of Veterans Business Development, must issue guidance on best practices within 180 days and submit annual reports to Congress listing agencies that missed the target and detailing their training. It directly affects federal agencies with underperforming contracting records and aims to improve opportunities for service-disabled veteran-owned small businesses. The policy focuses on accountability through training, guidance, and reporting rather than altering existing contracting rules.
This bill waives the government guarantee fee for certain small business loans under the Small Business Administration's 7(a) program when made to veteran-owned businesses or their spouses. It specifically applies to loans under $1 million that are not made under other special provisions. Eligible borrowers include veterans, reserve component members, individuals in transition assistance programs, and surviving spouses of veterans who died in service or from service-connected disabilities. The change modifies existing Small Business Act provisions to remove this fee requirement for qualifying loans.
HR 6648, the FAIR Vets Act, increases the dollar thresholds for sole-source federal contracts awarded to service-disabled veteran-owned small businesses. It raises the limit from $7 million to $10 million for certain contracts and from $3 million to $8 million for others under the Small Business Act. This change directly affects service-disabled veteran-owned small businesses by allowing them to secure more contracts without competitive bidding. The bill requires federal agencies to update their regulations within 180 days of enactment, with the changes applying to solicitations issued 180 days after that.
S 2443, the Veterans Jobs Opportunity Act, creates a federal tax credit for veteran-owned small businesses. It provides a 15% credit on up to $50,000 in qualified start-up expenses (like equipment or real property) for businesses owned and controlled by veterans or their spouses, located in underserved communities (such as HUBZone areas, empowerment zones, or low-income counties). The credit applies only to the first two taxable years of business operations and requires the business to meet specific size thresholds (under $5 million in gross receipts or 50 full-time employees). This policy directly supports veterans starting businesses in economically disadvantaged areas through tax relief.
