HR 5583 · 107th Congress · Government Operations and Politics
Service-Disabled Veterans' Small Business Federal Procurement Preference Act of 2002
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2002-10-09)
Plain Language Summary
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Service-Disabled Veterans' Small Business Federal Procurement Preference Act of 2002 - Amends the Small Business Act to treat handicapped individuals as socially disadvantaged individuals for purposes of programs available to such individuals under such Act, unless the Administrator of the Small Business Administration determines that such an individual is not socially disadvantaged. Increases the Government-wide goal of awarding Federal prime contracts and subcontracts to certain small businesses to 28 (currently 23) percent of all such contracts and subcontracts awarded in a fiscal year. Includes small businesses owned by veterans and handicapped individuals as eligible small businesses. Requires contracts and subcontracts so awarded to small businesses owned and controlled by: (1) veterans to comprise at least three percent of such total; (2) socially and economically disadvantaged individuals to comprise at least ten percent; and (3) women to comprise at least five percent. Requires that, of the ten percent required under (2), at least three percent be awarded to small businesses owned and controlled by service-disabled veterans and two percent be awarded to small businesses ow…
Summarized by Claude AI · Non-partisan · For informational purposes only