For Immediate Release - Tuesday, July 25, 2006
Contact - Stephanie DuBois, (202) 225-5456
Washington, D.C.) - First District Congressman Jeb Bradley, a member of both the House Veterans Affairs and Small Business Committees, spoke on the House floor yesterday in support of legislation that will promote veteran-owned small businesses. H.R. 3082, the "Veterans Small Business and Memorial Affairs Act," would improve the ability of veteran-owned small businesses to compete for contracts with the Department of Veteran Affairs (VA). The bill passed the House by voice vote and now awaits action in the Senate.
Bradley stated, "Small businesses, many of which are owned and operated by veterans, are the backbone of our nation's economy and create the majority of new jobs in our state. Our veterans have given so much to our country in the fight for freedom, and we owe it to those who have served to help them create successful business ventures. By improving the ability of veteran-owned small businesses to enter into contracts with the VA, we can increase the opportunities available for many of our veteran small business owners."
Specifically, H.R. 3082 requires the VA to establish contracting goals to enter into with veteran-owned businesses. The goal for small businesses owned by veterans with service-connected disabilities would be at least three percent.
Businesses, in order to be eligible to establish contracts with the VA, must be listed in a database that the VA will maintain. The legislation also allows a business' status as a veteran or disabled veteran-owned small business to continue for a period of 10 years following the death of the veteran-owner if the surviving spouse owns the business.