Veterans Business Resources

a portal for all Veterans and SDV Small Business Owners

Verification, Law of the Land?

The “Small Business Contracting Fraud Prevention Act of 2011” (S.633) was passed by the Senate Committee on Small Business and Entrepreneurship with unanimous consent on September 21.  The bill mandates that all federal agencies verify SDVOSB status through the Veterans Affairs VetBiz database of certified SDVOSB.  All federal Contracting Officers would verify SDVOSB status of businesses that bid on government contracts before contracts are awarded. 

With this legislation and Veteran Affairs ratcheting up the verification requirements and completely scrubbing the VIP database, things should start to look better for VOSBs and SDVOSBs.  More contract awards should begin to flow to legitimate businesses owned and controlled by Veterans and Service-Disabled Veterans.  If and or when this Act becomes law, will it eliminate ALL the fraud in our program – of course not.  Is it a step in the right direction – of course it is. 

At this point, the best we can do is comply with the requirements placed on us, continue to police ourselves and observe what the real impact of this legislation will be. 

 

See you on the high ground!

 

 

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Filed under: Compliance, Administration & Management (CAM), Ethics, Government Contracting, Registrations & Certifications, Veterans Affairs, Woods Consulting Group, , ,

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