Overview
This section establishes the statutory foundation and primary objective of the Service-Disabled Veteran-owned Small Business (SDVOSB) Program within the federal procurement system.
Key Rules
- Statutory Authority: The program was created under the Veterans Benefit Act of 2003 (codified at 15 U.S.C. 657f).
- Official Designation: Formally identifies the program as the "Service-Disabled Veteran-owned Small Business (SDVOSB) Program."
- Program Purpose: The explicit goal is to provide federal contracting assistance to small business concerns owned and controlled by service-disabled veterans.
Practical Implications
- This section serves as the legal authorization for contracting officers to reserve specific acquisitions for SDVOSBs, helping agencies meet their small business socioeconomic goals.
- It establishes the SDVOSB category as a distinct class of small business, separate from the general Veteran-Owned Small Business (VOSB) category for procurement preference purposes.