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 DVBEs for the Lodi Unified School District, Lockeford Elementary School Traffic C...
Seeking DBEs for the City of Oakdale, G Street Surface Improvements, Project No. CP1904, ...
Seeking DVBEs for the Lodi Unified School District, 2019 Paving Projects - Phase 1, Beckm...
Seeking MBEs, WBEs for the New Mid Suffolk Electric Yard contract in Ronkonkoma, NY
Seeking DBEs for the Los Angeles County Metro Photo Enforcement Program contract in Los A...
Seeking SBEs for the CIPP Wet Lining Rehab of Sanitary Sewers - 2019 contract in Madison...
Seeking DBEs for the 2014 Napa Earthquake Pavement Repairs, Rds 18-14 contract in Napa, C...
Seeking DBEs for the Mariposa Safe Routes to School Phase 3 contract in Citrus Heights, C...

Subscribe   Find More