Governmentwide goals and reporting requirements for small business concerns owned and controlled by veterans

(a) Governmentwide goals Section 15(g) of the Small Business Act (15 U.S.C. 644(g)) is amended— (1) by striking and small business concerns owned and controlled by women and inserting, small business concerns owned and controlled by women, and small business concerns owned and controlled by veterans each place it appears; (2) in paragraph (1)(A), by adding at the end the following: (vi) The Governmentwide goal for participation by small business concerns owned and controlled by veterans shall be established at not less than 5 percent of the total value of all prime contract and subcontract awards for each fiscal year.; and (3) in paragraph (2)(A), by striking and by small business concerns owned and controlled by women and inserting by small business concerns owned and controlled by women, and by small business concerns owned and controlled by veterans. (b) Reporting on goals Section 15(h)(2) of the Small Business Act (15 U.S.C. 644(h)(2)) is amended— (1) in subparagraph (E)— (A) in clauses (i)(VI), (ii)(VII), (iii)(VIII), and (iv)(VIII), by inserting small business concerns owned and controlled by veterans after small business concerns owned and controlled by women,; (B) in clause (vii)(VI), by striking and at the end; (C) in clause (viii)(X), by inserting small business concerns owned and controlled by veterans after small business concerns owned and controlled by socially and economically disadvantaged individuals,; and (D) by adding at the end the following: (ix) small business concerns owned and controlled by veterans— (I) in the aggregate; (II) through sole source contracts; (III) through competitions restricted to small business concerns; (IV) through competitions restricted to small business concerns owned and controlled by veterans; (V) through unrestricted competition; (VI) that were purchased by another entity after the initial contract was awarded and as a result of the purchase, would no longer be deemed to be small business concerns owned and controlled by veterans for purposes of the initial contract; and (VII) that were awarded using a procurement method that restricted competition to small business concerns owned and controlled by service-disabled veterans, qualified HUBZone small business concerns, small business concerns owned and controlled by socially and economically disadvantaged individuals, small business concerns owned and controlled by women, or a subset of any such concerns; and; and (2) in subparagraph (F), by striking and small business concerns owned and controlled by women and inserting small business concerns owned and controlled by women, and small business concerns owned and controlled by veterans.