Representative Morgan McGarvey introduces H.R. 10984: ‘Innovation for VA Technology and Entrepreneurship Act
Investivoq LegislationRadar
We have received text from H.R. 10984: ‘Innovation for VA Technology and Entrepreneurship Act. This bill was received on 2026-11-10, and currently has 1 cosponsor.
Here is a short summary of the bill:
This bill would create a new
Office of Innovation
inside the Veterans Health Administration (VHA) to help the VA develop and use new health care technologies and services more quickly. The office would report directly to the Under Secretary for Health and would be treated as a federal laboratory. Its main job would be to research, develop, fund, and help put into practice innovations that could improve care for veterans.What the new office could do
The office would be able to work with outside organizations, including private companies, nonprofits, universities, and other non-VA entities, to speed up development and deployment of new tools and services. It would also coordinate with VA-affiliated corporations that already support research and education. The bill says the office should try to work across departmental silos and use resources more efficiently.
New contracting and partnership tools
The bill gives the VA more flexible authority to enter into certain types of transactions that are not ordinary contracts, grants, or cooperative agreements. These transactions could be used with qualifying U.S.-based organizations that are not controlled by foreign adversaries. The VA could use this authority when the Under Secretary for Health determines it is needed, subject to limits and reporting requirements.
For most transactions, the bill caps the federal cost at $10 million, unless a higher amount is approved and justified in writing by the senior procurement executive. The bill also says, when practical, these opportunities should include small businesses, veteran-owned small businesses, and service-disabled veteran-owned small businesses. The VA is directed to prioritize uses that improve access to rural health care and mental health, behavioral health, and suicide prevention services.
Advance market commitments
The bill would let the VA make advance market commitments , meaning it could promise to buy a specific technology, service, or product later at a set price if it helps meet an unmet need for veterans. The idea is to give companies more certainty so they will invest in developing needed solutions. These agreements would have to include clear rules, a clear definition of what is being bought, dispute-resolution procedures, and a way to adjust terms if more information becomes available.
Innovation Flexibility Account
The bill would create an
Innovation Flexibility Account
that can receive money from a range of approved sources, including internal VA funds, universities, nonprofits, charitable groups, individuals, private companies, and veterans service organizations. The account could be used for innovation-related expenses such as information technology, acquisition support, advisory services, and legal services.However, the bill says the account cannot be funded with money intended for direct veteran care, and it cannot accept money from foreign governments, foreign corporations, foreign political parties, or foreign adversaries. Contributions would not be allowed to influence which projects are chosen. Money in the account would remain available for five years.
Oversight, reporting, and audits
The bill adds several oversight requirements. The office would have to track performance measures such as:
- how long it takes to make innovation-related contracts,
- cost savings achieved,
- how many innovations are piloted and deployed, and
- whether veterans see improvements in access, quality, and experience.
The bill requires regular reporting on special transactions and advance market commitments, including spending, outcomes, risks, and barriers. The Government Accountability Office would have audit access, and the Comptroller General would audit these transactions at least every two years. The VA would also need to maintain internal controls and review conflicts of interest, including financial disclosures and mitigation plans.
Changes to existing VA law
The bill would amend existing law governing VA research and education corporations so they can also support innovation activities. The Secretary of Veterans Affairs would be required to implement these changes within 120 days after enactment.
Relevant Companies
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Representative Morgan McGarvey Bill Proposals
Here are some bills which have recently been proposed by Representative Morgan McGarvey:
- H.R.10984: INNOVATE Act
- H.R.9475: National Task Force on Caregiving Youth of Veterans Act.
- H.R.9287: Child Safety and Well-Being Act of 2026
- H.R.9196: Helen Keller Education Act
- H.R.9195: Alice Cogswell and Anne Sullivan Macy Act
- H.R.9031: Young Adult Tax Credit Act
You can track bills proposed by Representative Morgan McGarvey on Investivoq's politician page for McGarvey.
Representative Morgan McGarvey Net Worth
Investivoq estimates that Representative Morgan McGarvey is worth $1.8M, as of November 11th, 2026. This is the 282nd highest net worth in Congress, per our live estimates.
McGarvey has approximately $872.7K invested in publicly traded assets which Investivoq is able to track live.
You can track Representative Morgan McGarvey's net worth on Investivoq's politician page for McGarvey.
Representative Morgan McGarvey Stock Trading
We have data on up to $425.0K of trades from Representative Morgan McGarvey, which we parsed from STOCK Act filings. Some of the largest trades include:
- A November 13th, 2024 sale of up to $50K of $NVDA. The stock has risen 15.46% since then.
- A February 7th, 2023 purchase of up to $15K of $AMZN. The stock has risen 165.27% since then.
- A August 19th, 2024 sale of up to $15K of $AAPL. The stock has risen 54.28% since then.
- A October 25th, 2024 purchase of up to $15K of $TSLA. The stock has risen 41.08% since then.
- A November 13th, 2024 sale of up to $15K of $SCHW. The stock has risen 18.89% since then.
You can track Representative Morgan McGarvey's stock trading on Investivoq's politician page for McGarvey.
2026 Kentucky's 3rd Congressional District Election
There has been approximately $2,220,058 of spending in Kentucky's 3rd congressional district elections over the last two years, per our estimates.
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Kentucky's 3rd congressional district election.
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