Bill
HB 5419
Overview: HB 5419, titled "AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- SAFEGUARDING AMERICAN VETERAN EMPOWERMENT ACT", was introduced in the House on Marc
Overview: HB 5419, titled "AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- SAFEGUARDING AMERICAN VETERAN EMPOWERMENT ACT", was introduced in the House on March 14, 2025. On March 25, 2025, the committee recommended that the measure be held for further study.
Purpose and Intent: The bill aims to provide additional protections and support for American veterans, particularly in the areas of employment, entrepreneurship, and access to government contracts.
Key Provisions:
- Requires government contractors to meet minimum hiring targets for veteran employees
- Establishes a set-aside program for veteran-owned small businesses to access government contracts
- Provides tax credits and other financial incentives for businesses that hire and retain veteran employees
- Directs the state's Department of Veterans Affairs to expand outreach and assistance programs
Affected Parties and Impacts: The bill would primarily benefit American veterans, helping them secure employment, start and grow businesses, and access government contracting opportunities. Employers and government agencies would also be impacted by the new requirements and incentives.
Procedural and Timeline Considerations: HB 5419 is currently being held for further study by the committee, and its future progress is uncertain. If the bill is ultimately passed, the new provisions would likely be phased in over time to allow for implementation and compliance.
Compiled from official sources — confirm details with the bill’s official record.
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