A bill 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.

Senate Bill

S. 3964

119th Congress

A bill 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.

In Committee

Introduced:Mar 3, 2026

Primary Sponsor

Sponsor information unavailable

Cosponsors

0

Quick Stats

Summary

This bill would change the Small Business Act to create a specific goal for how much federal contract money should go to small businesses owned and controlled by veterans. It aims to increase opportunities for veteran-owned businesses to win government contracts by setting a participation target.

Latest Action

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Introduced3/3/2026

StatusRead twice and referred to the Committee on Small Business and Entrepreneurship.

ChamberSenate

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Vote Prediction

A bill 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 change the Small Business Act to create a specific goal for how much federal contract money should go to small businesses owned and controlled by veterans. It aims to increase opportunities for veteran-owned businesses to win government contrac

Community Breakdown

Pass

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Fail

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0 predictions

This bill would change the Small Business Act to create a specific goal for how much federal contract money should go to small businesses owned and controlled by veterans. It aims to increase opportunities for veteran-owned businesses to win government contracts by setting a participation target.

Bill Number: 3964
Introduced: 3/3/2026
Status: Read twice and referred to the Committee on Small Business and Entrepreneurship.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: A bill 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.
Bill Number: 3964
Sponsor: No sponsor
Status: Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced: 3/3/2026
Summary: This bill would change the Small Business Act to create a specific goal for how much federal contract money should go to small businesses owned and controlled by veterans. It aims to increase opportunities for veteran-owned businesses to win government contracts by setting a participation target.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would change the Small Business Act to create a specific goal for how much federal contract money should go to small businesses owned and controlled by veterans. It aims to increase opportunities for veteran-owned businesses to win government contracts by setting a participation target.

Last updated: 3/5/2026

Key Points

Main provisions of the bill

The bill would establish a formal goal for the percentage of federal procurement contracts awarded to veteran-owned small businesses.
It would amend the existing Small Business Act, which already contains goals for other categories of small businesses.
The legislation is designed to increase business opportunities specifically for veterans who own and control small companies.
The bill has been referred to the Senate Committee on Small Business and Entrepreneurship for consideration.

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect veterans who own and operate small businesses by potentially increasing their access to federal contracts. Federal agencies would need to track and work toward meeting the new participation goal when awarding contracts. Other small businesses competing for the same contracts might face increased competition from veteran-owned firms.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3964, 119th Congress (2026). "A bill 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.". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3964

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