The Contract Our Veterans Act of 2026 aims to increase federal contract opportunities for small businesses owned and controlled by veterans. The bill establishes a government-wide goal that at least 5 percent of the total value of federal prime contracts and subcontracts each fiscal year go to veteran-owned small businesses. It allows federal contracting officers to award contracts to veteran-owned businesses through streamlined processes, including sole-source contracts (without competitive bidding) and competitions limited to veteran-owned firms, provided the contracts are priced fairly and offer good value to the government. The legislation also requires federal agencies to track and report on their progress toward these goals across different types of contracts and procurement methods, and it integrates veteran-owned businesses into existing Small Business Administration programs alongside other protected groups such as women-owned and disadvantaged businesses. No specific funding authorization or implementation timeline is specified in the bill text.
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