Information for Veteran-Owned
Small Businesses
Veteran-Owned
Small Business (VOSB)
The term "small business concern owned and controlled by veterans"
shall mean a small business concern which is at least 51 percent
owned by one or more eligible veterans; or, in the case of any publicly
owned business, at least 51 percent of the stock of which is owned
by one or more veterans; and, whose management and daily business
operations are controlled by such veterans. Detailed
Information
The
Veterans Entrepreneurship and Small Business Development Act of
1999
The VETERANS ENTREPRENEURSHIP and SMALL BUSINESS DEVELOPMENT ACT
of
1999 (Public Law 106-50) established an annual Government-wide goal
of not less than 3 percent of the total value of all prime contract
and subcontract awards for participation by small business concerns
owned and controlled by service-disabled veterans. It did not contain
a provision to restrict or "set-aside" contracting opportunities
for service-disabled veterans.
Public Law 106-50 (Summary...pdf)
(Full Text...pdf
)
-------------------
Veterans
Benefits Act of 2003
The VETERANS BENEFITS ACT (VBA) of 2003 (PL 108-183) added, in
addition to other
provisions, a contracting mechanism to enable agencies to reach
the 3% prime contracting goal established in 1999. Section 308 of
the VBA of 2003 established a sole source and set-aside procurement
program for service-disabled veteran-owned small business concerns
(SDVOSB).
Public Law 108-183
H.R. 2297 (
Bill | Summary
)
Signed by President Bush on December 16, 2003
See: Sec. 308. - Procurement program for small business concerns
owned and controlled by service-disabled veterans.
Service-Disabled
Veteran Owned Small Business Concern Program (Final Rule)
These final rules implement that section of the recently enacted
Veterans Benefits Act of 2003 (VBA), which addresses procurement
programs for small business concerns (SBCs) owned and controlled
by service-disabled veterans.
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