Protecting Business Opportunities for Veterans Act of 2014

To amend title 38, United States Code, to improve the oversight of contracts awarded by the Secretary of Veterans Affairs to small business concerns owned and controlled by veterans. 1. Short title This Act may be cited as the Protecting Business Opportunities for Veterans Act of 2014 2. Contracts with small business concerns owned and controlled by veterans Section 8127 (1) by redesignating subsection (l) as subsection (m); and (2) by inserting after subsection (k) the following new subsection (l): (l) Limitations on subcontracting (1) (A) The requirements applicable to a small business concern under section 46 of the Small Business Act ( 15 U.S.C. 657s (B) For purposes of applying the requirements of section 46 of the Small Business Act ( 15 U.S.C. 657s (i) a small business concern owned and controlled by a veteran shall be treated as a small business concern owned and controlled by a veteran with a service-connected disability; and (ii) the term similarly situated entity (2) Upon awarding a contract to a small business concern under this section, the Secretary shall obtain from an offeror a certification that the offeror will comply with the requirements described in paragraph (1)(A) if awarded the contract. Such certification shall— (A) specify the exact performance requirements applicable under such paragraph; and (B) explicitly acknowledge that the certification is subject to section 1001 (3) If the Secretary determines that a small business concern that is awarded a contract under this section did not act in good faith with respect to the requirements described in paragraph (1)(A), the small business concern shall be subject to the penalties specified in— (A) section 16(g)(1) of the Small Business Act ( 15 U.S.C. 645(g)(1) (B) section 1001 (4) (A) The Director of the Office of Small and Disadvantaged Business Utilization established by section 15(k) of the Small Business Act ( 15 U.S.C. 644(k) section 1702 15 U.S.C. 645(g)(2) (B) The Inspector General shall submit to the Committees on Veterans’ Affairs of the House of Representatives and the Senate an annual report that includes— (i) the number of referred violations received under subparagraph (A); and (ii) the disposition of such referred violations, including the number of small business concerns suspended or debarred from Federal contracting or referred to the Attorney General for prosecution. .

Summary: Protecting Business Opportunities for Veterans Act of 2014 - Extends subcontracting limitations that apply to certain small businesses awarded contracts under various Small Business Administration (SBA) programs (requirements under the Small Business Act limit the amount that such small businesses may expend on subcontractors) to small business concerns owned and controlled by veterans with or without service-connected disabilities who are awarded contracts of the Department of Veterans Affairs (VA). Requires, for purposes of applying such subcontracting limitations to veterans with small businesses awarded such VA contracts, that: (1) small businesses owned and controlled by veterans be treated in the same manner as small businesses owned and controlled by veterans with service-connected disabilities, and (2) "similarly situated entity" be defined as a subcontractor for a small business owned and controlled by a veteran with or without a service-connected disability (contract amounts expended by small businesses on subcontractors that are similarly situated entities are not considered toward subcontracting limits). Directs the Secretary of Veterans Affairs, upon awarding such a contract, to obtain a certification from the offeror that specifies the performance requirements and acknowledges that the certification is subject to criminal laws concerning false or fraudulent statements or representations. Subjects small businesses to fines, imprisonment, or both for not acting in good faith. Requires the VA's Director of the Office of Small and Disadvantaged Business Utilization and the VA's Chief Acquisition Officer to: (1) establish a process to monitor compliance with this Act, and (2) refer violations to the VA Inspector General. Directs the Inspector General to submit annual reports to Congress regarding such violations.