The Veteran Owned Small Business (“VOSB”) and Service Disabled Veteran Owned Business (“SDVOB”) programs have had different eligibility requirements from the Small Business Administration (“SBA”) and the Veterans Administration (“VA”).
Over the years, many VOSBs and SDVOBs have complained about the differing compliance requirements. The National Defense Authorization Act (“NDAA”) for FY 2017 attempted to streamline things and make it easier. As part of the Act, Congress directed the VA to verify SDVOSBs and VOSBs using the SBA’s regulatory definitions regarding small business status, ownership, and control. The SBA and VA were directed by Congress to work together to develop joint regulations governing SDVOSB and VOSB eligibility. The VA issued a final rule effective in October 2018 eliminating its separate SDVOSB and VOSB eligibility requirements. The SBA in turn published a final rule which amended its eligibility rules.
John Carpenter, a principal in Cherry Bekaert’s Government Contracting Industry Group joins Craig Hunter for a discussion on some of the changes in regards to unconditional ownership, extraordinary actions and day-to-day management of business operations.
If you need further guidance on SBA’s eligibility rules or the recent changes, contact Cherry Bekaert’s Government Contractor Services Group.
Related Podcasts
- Adequate Accounting Systems Requirements for Government Contractors
- DFARS Cybersecurity Requirements: NIST 800-171 Compliance for Government Contractors
- Has Your Government Contractor Business Outgrown Your Accounting System?
