S. 2510: Service-Disabled Veteran Opportunities in Small Business Act

The Service-Disabled Veteran Opportunities in Small Business Act (S. 2510) aims to enhance the participation of small businesses owned and controlled by service-disabled veterans in federal contracting opportunities. The key provisions of the bill include:

Training Requirements

The bill mandates that the Administrator of the Small Business Administration (SBA), in partnership with the Office of Veterans Business Development, provide training to employees of federal agencies that have not met established goals for awarding contracts to small businesses owned by service-disabled veterans. The training is focused on:

• The methods and strategies to improve the number of contracts awarded to these small businesses.

Issuance of Guidance

Within 180 days of the bill's enactment, the Administrator must issue guidance and best practices that federal agencies can follow to better ensure that they meet the contract goals set for service-disabled veteran-owned small businesses. This guidance will focus on:

• How to effectively award contracts to these businesses.

Reporting Requirements

The Administration is required to submit an annual report to Congress that includes:

• A list of federal agencies that did not meet the contract award goals.
• The number of training sessions conducted for those agencies.
• An overview of the training content provided.

Overall Objectives

The main goals of this legislation are to:

• Increase awareness among federal employees about the importance of contracting with service-disabled veteran-owned small businesses.
• Provide the necessary training and resources to federal agencies to help them better achieve the set contracting goals.

Conclusion

The bill emphasizes the federal government's commitment to supporting service-disabled veterans by helping them gain greater access to business opportunities through government contracts.

Relevant Companies

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