Establishment of Schedule V for veteran employment reporting by defense contractors

Chapter 367 of title 10, United States Code, is amended by adding at the end the following new section: 4755. Schedule V for veteran employment reporting by defense contractors (a) Establishment The Secretary of Defense shall develop and implement a standardized disclosure schedule, to be known as Schedule V, to be included in the terms of award of any contract, subcontract, or grant— (1) where the estimated annual value of such contract, subcontract, or grant is greater than or equal to $20,000,000; or (2) if the awardee of such contract, subcontract, or grant has an average annual revenue greater than or equal to $1,000,000,000. (b) Disclosure requirements An awardee of a contract, subcontract, or grant described in subsection (a) shall, on an annual basis, disclose on Schedule V veteran employment and retention date, including— (1) the number of veterans hired annually for the previous three years; (2) the number of those veterans retained 12 and 24 months after initial hire date; and (3) a summary of the awardee’s veteran retention initiatives, if any. (c) Subcontracting and indirect vendors The Secretary shall ensure Schedule V requirements apply, to the greatest extent practicable, to an indirect supplier or subcontractor of an awardee, where such supplier or subcontractor is performing a work under the awardee’s contract, subcontract, or grant with estimated annual value greater than or equal to $20,000,000 or with an average annual revenue greater than or equal to $1,000,000,000. (d) Public accessibility The disclosures required under subsection (c) shall be submitted to the relevant contracting officer or grant officer and made publicly available through the Federal Procurement Data System or another centralized Government database designated by the Secretary. (e) Implementation The Secretary shall issue regulations to implement this section not later than one year after the date of the enactment of this section. These regulations may include exemptions for small business concerns (as defined under section 3 of the Small Business Act (15 U.S.C. 632)) and flexibilities for pilot implementation of the requirements of this section..