VA, SBA change vet verification

Final rules for VOSBs, SDVOSBs in effect on Oct. 1

     The Veterans Affairs Dept. and Small Business Administration put into effect final rules that modify how veteran-owned small businesses are defined and verified.

      Under the VA and SBA final rules, which went into effect on Oct. 1, the VA agreed to adopt the SBA’s regulations on ownership and control of veteran-owned and service-disabled veteran-owned small business (VOSB or SDVOSB), including ownership and control.

      The VA agreed to apply the SBA’s regulations in its verifications of such firms. Both the VA final rule and the SBA final rule became effective on Oct. 1...more....