The Investing in VETs Act would raise the current contracting goal of the federal government for Service-Disabled Veteran-Owned Small Businesses, or SDVOSBs, from three percent to five percent.

If enacted into law, the bill would make the federal government’s goal of doing business with SDVOSBs equal to its goal for women-owned small businesses (WOSBs) and Socially and Economically Disadvantaged Small Businesses (SDBs).

This is not the first time Rep. Hollingsworth has introduced the bill. The original version, which he introduced in November of 2020, included a change to the certification of SDVOSBs, however that provision was put into the 2021 National Defense Authorization Act.

“Every day, Hoosiers work hard to build better futures for themselves and their families. Our veterans, and especially those disabled in their service, deserve the opportunity to succeed after their time defending this great nation,” Hollingsworth said. “I am proud to support increased access to economic opportunities for service-disabled veterans and their businesses.”