WASHINGTON, D.C. – Today, Congresswoman LaMonica McIver (NJ-10) introduced the Ensuring SBA Implementation of GAO Recommendations Act of 2026. This bill would require the Small Business Administration’s (SBA) Office of Veteran Business Development (OVBD) to establish procedures to comply with existing reporting requirements on veteran-owned small businesses. The bill would strengthen SBA support for veteran entrepreneurs by requiring the SBA to report on ways to improve veteran-owned small businesses' access in areas such as federal contracting and programing.
“This bill does the important work of supporting veteran entrepreneurs in creating, maintaining, and growing their businesses,” said McIver. “Veterans are essential members of our communities and their work deserves to be lifted. Making sure the proper procedures are in place to support them allows for our small businesses and communities to thrive.”
Currently, the SBA provides entrepreneurial training and education through Veterans Business Outreach Centers (VBOCs). However, the Government Accountability Office (GAO) found that the SBA lacked procedures for submitting the required annual report on veteran-owned small businesses and had not complied in recent years. By developing procedures to ensure compliance with reporting requirements, the SBA and Congress will have better information to serve America’s hardworking veteran-owned businesses.
The full text of the Ensuring SBA Implementation of GAO Recommendations Act of 2026 can be found here.
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