Kerry and Akaka Push Government to Honor America’s Commitment to Veterans
February 27th, 2006 @ 11:53 am
Today, Senators Daniel Akaka (D-Hawaii) and John Kerry (D-Mass) questioned the Bush Administration’s efforts to comply with a law increasing federal contracting opportunities for small businesses owned and controlled by service-disabled veterans.
Akaka is the Ranking Member on the Senate Committee on Veterans’ Affairs and Kerry is the Ranking Member on the Committee on Small Business and Entrepreneurship.
More than two years ago Congress passed the Veterans Benefits Act of 2003 that included a provision requiring three percent of all contracting dollars awarded by the federal government go to service-disabled veteran companies. However, that goal has not been met and a mere 0.38 percent went to firms owned by service-disabled veterans in 2004. The government’s inability to meet the statutory goal in 2004 cost these firms nearly $9 billion in contracts.
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