FAIR Vets Act

This bill changes the dollar limits on federal contracts that agencies can award to small businesses owned by veterans with service-connected disabilities without opening the contract to competition (called sole-source contracts). It raises one limit from $7 million to $10 million and the other from $3 million to $8 million. It also removes the phrase "including options" from the rule, so contract options would no longer be counted toward these limits. Federal acquisition rules for civilian agencies and the Defense Department must be updated within 180 days. The new limits would apply to contract solicitations issued 180 days or more after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Jennifer A. Kiggans Republican sponsor
• 7 cosponsors