VA to turn over vet verification to SBA

      The Veterans Affairs Dept. formally proposed to give up its verification program for veteran-owned small businesses and to turn over those responsibilities to the Small Business Administration.

      The move has been expected ever since Congress last year ordered the SBA to establish regulations for governmentwide certification of veteran small business owners. Currently, the VA verifies the veterans under a 2006 law, and the SBA oversees veteran self-certification for the remaining agencies.

      In a Federal Register notice, the VA said it would be removing and amending various regulations, documents and Websites to conform to the new structure.

      Comments are due by March 18.

      Earlier this year, Tom Leney, executive director of VA’s Small and Veteran Business Program office, said in a webinar that the VA and SBA were working together to give minority investors more of a say than before in the ownership and operation of the firms.

      Currently, there are about 8,300 small firms owned by service-disabled veterans verified by the VA for VA set-asides; and an additional 12,600 self-certified such firms qualify for non-VA set-asides.

More information: VA Proposed Reg and verification guidelines: http://goo.gl/VbpPfZ

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