S.4520 - VA–SBA Act116th Congress (2019-2020)
|Sponsor:||Sen. Loeffler, Kelly [R-GA] (Introduced 08/10/2020)|
|Committees:||Senate - Veterans' Affairs|
|Latest Action:||Senate - 08/10/2020 Read twice and referred to the Committee on Veterans' Affairs. (All Actions)|
This bill has the status Introduced
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Summary: S.4520 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (08/10/2020)
Verification Alignment and Service-disabled Business Adjustment Act or the VA-SBA Act
This bill transfers responsibility for verifying that a small business concern is owned and controlled by a veteran or service-disabled veteran, for the purposes of eligibility for certain procurement programs, from the Department of Veterans Affairs (VA) to the Small Business Administration (SBA).
Specifically, the bill transfers maintenance of the database of veteran-owned and service-disabled veteran-owned businesses to the SBA. For the purposes of procurement programs for small businesses owned and controlled by service-disabled veterans, the SBA must certify the status of such businesses, require their periodic recertification, and penalize any small business that misrepresents its status. Accordingly, the bill also abolishes the Center for Verification and Evaluation of the VA and transfers all of its functions to the SBA.