Peters, Cornyn introduce bipartisan legislation to increase contracts awarded to SDVOSBs


News - Published Nov 15, 2018

U.S. Senators Gary Peters (D-MI) and John Cornyn (R-TX) have introduced legislation to expand the number of federal infrastructure contracts awarded to small businesses owned by veterans with a service-connected disability (also referred to as SDVOSBs).

The legislation, entitled The Disabled-Veterans Rebuilding Infrastructure to Vitalize our Economy (DRIVE) Act, would create a spending goal of 5 percent of the funding that was authorized in the prior highway bill to be awarded to SDVOSBs.

That bill, the FAST Act (or Fixing America's Surface Transportation Act) was signed into law in 2015 and authorized $305 billion from fiscal years 2016 through 2020 for spending on a variety of infrastructure projects, heavily geared towards highway projects. The bill created a goal of 10 percent of spending to be awarded to disadvantaged business enterprises (or DBEs), meaning the DRIVE Act's proposed 5 percent of spending to be awarded to SDVOSBs would be in addition to the prior DBE goal. The Department of Veterans Affairs (VA) estimates that there are approximately 20,800 SDVOSBs in America.

The DRIVE Act is supported by the Paralyzed Veterans of America, the American Legion, High Ground Veterans Advocacy, and Vietnam Veterans of America and Veterans of Foreign Wars.

More information can be read in a press release from Senator Peters' office, at https://www.peters.senate.gov/newsroom/press-releases/peters-cornyn-introduce-bill-to-expand-opportunity-for-disabled-veterans-in-highway-projects.



How do I publish news & events?



Learn more
Diversity Business Feed


Seeking DBEs, MBEs, WBEs for the Bella Fortuna Wastewater Interceptor contract in Austin,...
Seeking DBEs for the Water Pollution Control Plant Dirt Relocation 2019 contract in San L...
Seeking DBEs for the Rio Linda Blvd. Bridge Replacement and Main Avenue Realignment contr...
Seeking DBEs, MBEs Section 3 for the Hud-Funded Curb, Gutter and Sidewalk East California ...
Seeking DVBEs for the Cuesta College Road Overlay - Phase 2 contract in San Luis Obispo, ...
Seeking DBEs, MBEs, WBEs, DVBEs, SBEs for the Tank Access Road Improvements (FEMA) contra...
Seeking DBEs for the Merced Street CMAQ Bike & Pedestrian Improvements contract in Newman...
Seeking DBEs for the Browns Valley Trunk Project contract in Napa, CA

Subscribe   Find More