Comments must be submitted by March 12, 2018
In the Wednesday, January 10, 2018, edition of the Federal Register, the U.S. Department of Veterans Affairs (VA) issued a proposed rule with request for public comment to amend VA’s regulations governing its Veteran-Owned Small Business Verification Program. Public comments on the proposed rule must be submitted on or before March 12, 2018 (see below on how to submit comments).
The proposed rule implements §1832 of Public Law 114-840, the National Defense Authorization Act (NDAA) for Fiscal Year 2017, which placed responsibility for issuing regulations relating to ownership and control for the verification of Veteran-Owned Small Businesses (VOSBs) with the U.S. Small Business Administration (SBA).
VA’s proposed regulation will remove all references to ownership and control and seeks to add and clarify certain terms and references that are currently part of the VA’s verification process. NDAA also provides, in certain circumstances, a firm may qualify as a VOSB or Service-Disabled Veteran-Owned Small Business (SDVOSB) when there is a surviving spouse or an employee stock ownership plan (ESOP).