The Contract Our Veterans Act of 2026 amends federal contracting law to expand opportunities for small businesses owned and controlled by veterans. The bill allows federal contracting officers to award contracts to veteran-owned small businesses through sole-source procurement (without competitive bidding) for certain contracts, and to restrict competition to veteran-owned firms when multiple qualified bidders exist. The legislation establishes a government-wide goal that at least 5 percent of the total value of all federal prime contracts and subcontracts each fiscal year go to veteran-owned small businesses, and requires detailed annual reporting to track progress toward this target. The bill also expands the role of Small Business Administration personnel, including Business Opportunity Specialists and mentors, to support veteran-owned small business participation in federal procurement. These changes take effect upon enactment, with no specific sunset date or dedicated funding authorization included in the legislation.
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