from Congressional Budget Office
H.R. 2749 would codify some requirements that affect subcontracting by small businesses owned by veterans. The bill also would require the Department of Veterans Affairs (VA) to certify that a veteran-owned small business would comply with the subcontracting limitations before awarding any contracts, to develop processes to monitor that compliance, and to provide annual reports (through 2022) on the number of businesses that fail to comply.
CBO expects that under the bill VA would require each business to certify compliance with all subcontracting laws and limitations through a written form and would periodically monitor those businesses. On the basis of information from VA, CBO estimates that implementing H.R. 2749 would cost less than $500,000 to certify, monitor, and provide reports on compliance to the Congress over the 2017-2022 period, subject to the availability of appropriations.
This bill passed the House of Representatives July 24, 2017. It will now be heard in the US Senate.