The Department of Veterans Affairs is doubling the amount of time before the owners of service-disabled, Veteran-owned small businesses and Veteran-owned small businesses must re-verify with VA that they are, in fact, owned and operated by qualified Veterans.
“The community of Veteran-owned businesses and businesses owned by service-disabled Veterans is a vital partner with VA and the federal government,” said Secretary of Veterans Affairs Eric K. Shinseki. “To ensure we have improved our verification policies and processes, I have directed that VA simplify the verification process immediately and move from an annual to a biennial re-verification – every two years.”
The interim final rule, which took effect June 27, will benefit thousands of small businesses by reducing the uncertainty and administrative burden associated with a yearly verification cycle. Public comments on this interim final rule may be submitted within the next 60 days.