{"id":19746,"date":"2023-08-14T10:59:02","date_gmt":"2023-08-14T14:59:02","guid":{"rendered":"https:\/\/www.ossoff.senate.gov\/?post_type=press-releases&p=19746"},"modified":"2023-08-14T10:59:04","modified_gmt":"2023-08-14T14:59:04","slug":"sen-ossoffs-bipartisan-bill-to-support-small-businesses-owned-by-combat-disabled-veterans-passes-u-s-senate","status":"publish","type":"press-releases","link":"https:\/\/www.ossoff.senate.gov\/es\/press-releases\/sen-ossoffs-bipartisan-bill-to-support-small-businesses-owned-by-combat-disabled-veterans-passes-u-s-senate\/","title":{"rendered":"Sen. Ossoff\u2019s Bipartisan Bill to Support Small Businesses Owned by Combat-Disabled Veterans Passes U.S. Senate"},"content":{"rendered":"

Sen. Ossoff\u2019s bipartisan legislation will help service-disabled veteran-owned small businesses compete for Federal contracts<\/em><\/p>\n\n\n\n

Over 97,000 veterans<\/a> across Georgia own small businesses<\/em><\/p>\n\n\n\n

WATCH\/DOWNLOAD: Sen. Ossoff speaks on passage of his bipartisan bill<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n

Atlanta, Ga. <\/strong>\u2014 U.S. Senator Jon Ossoff’s bipartisan bill to support small businesses run by service-disabled veterans in Georgia passed the U.S. Senate.<\/em><\/p>\n\n\n\n

Sens. Ossoff and Joni Ernst (R-IA) passed the bipartisan Investing in VETS Act <\/em>as part of this year\u2019s National Defense Authorization Act <\/em>to help service-disabled veteran business owners compete for Federal government contracts, helping expand their business opportunities to new markets.<\/p>\n\n\n\n

The new bipartisan legislation will require the Federal government and its 24 agencies to award at least five percent of its total contracts to Service-disabled Veteran-Owned Small Business per fiscal year \u2014 the same requirement in place for Woman-Owned Small Businesses and Small Disadvantaged Businesses.<\/p>\n\n\n\n

\u201cWe are in the midst of a historic revitalization and construction of American infrastructure through the bipartisan infrastructure law \u2014 upgrading roads, bridges, seaports, and airports, building out broadband access, upgrading drinking water and stormwater systems. I want to make sure that veteran-owned businesses are participating in that effort in recognition of the service of veterans in the defense of our country,\u201d Sen. Ossoff said.<\/strong> \u201cThat’s why I wrote and passed with Republican and Democratic support thisInvesting in VETS Ac<\/em>t to give veteran owned small businesses a seat at the table in federal contracting, particularly as we upgrade America’s infrastructure.\u201d<\/p>\n\n\n\n

Congresswoman Jen Kiggans (R-VA-02) and Congressman Frank Mrvan (D-IN-01) introduced the bipartisan companion bill in the U.S. House of Representatives.<\/p>\n\n\n\n

\u201cThe Investing in Veterans Entrepreneurial Talents Act is a crucial piece of legislation that seeks to raise the federal contracting participation goal for Service-Disabled Veteran-Owned Small Businesses (SDVOSBs) to 5 percent. This change will align the participation goals for SDVOSBs with those of Women-Owned Small Businesses (WOSBs) and Socially and Economically Disadvantaged Small Businesses (SDBs), creating a more equitable playing field for small businesses,\u201d said Chanin Nunvatong, Executive Director of The American Legion.<\/strong> \u201cSenator Ossoff has shown great leadership on this issue, and the American Legion fully supports this act as it will provide much-needed recognition and support for SDVOSBs and veterans who have served our country with distinction.\u201d<\/p>\n\n\n\n

According to the Bureau of Labor Statistics<\/a>, approximately 27% of all veterans have a service-connected disability. There are currently more than 700,000 veterans across Georgia and over 97,000 who own small businesses in the state<\/a>. <\/p>\n\n\n\n

Sen. Ossoff is a strong advocate for veterans in the state of Georgia and nationwide.<\/p>\n\n\n\n

Sen. Ossoff is also pushing to pass the bipartisan Major Richard Star Act<\/em>, which would ensure Georgia\u2019s combat-disabled veterans receive the full retirement pay and disability benefits<\/a> they deserve.<\/p>\n\n\n\n

Last year, Sen. Ossoff helped pass into law the most significant expansion of health care for toxic-exposed veterans<\/a> in more than two decades. He also successfully passed bipartisan legislation into law that will ensure veterans can access their military records and the service benefits<\/a> they have earned.<\/p>\n\n\n\n

Click here<\/a> to read the Investing in VETS Act<\/em>.<\/p>","protected":false},"excerpt":{"rendered":"

Sen. Ossoff\u2019s bipartisan legislation will help service-disabled veteran-owned small businesses compete for Federal contracts Over 97,000 veterans across Georgia own small businesses WATCH\/DOWNLOAD: Sen. Ossoff speaks on passage of his bipartisan bill Atlanta, Ga. \u2014 U.S. Senator Jon Ossoff’s bipartisan bill to support small businesses run by service-disabled veterans in Georgia passed the U.S. Senate. Sens. Ossoff […]<\/p>","protected":false},"author":57,"featured_media":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-19746","press-releases","type-press-releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/press_releases\/19746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/types\/press-releases"}],"author":[{"embeddable":true,"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/users\/57"}],"version-history":[{"count":1,"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/press_releases\/19746\/revisions"}],"predecessor-version":[{"id":19748,"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/press_releases\/19746\/revisions\/19748"}],"wp:attachment":[{"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/media?parent=19746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/categories?post=19746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/tags?post=19746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}