preference for offerors employing veterans (a) Preference With respect to the procurement of goods and services using competitive procedures by executive agencies, where such procurement is valued at $25,000,000 or higher, the Administrator shall establish a preference, and criteria for applying such preference, for a covered offeror. (b) Congressional report Prior to establishing the preference described in subsection (a), the Administrator shall provide a report to Congress that includes— (1) a plan for implementing such preference, including penalties for an offeror that willfully and intentionally misrepresents the veteran status of the employees of the offeror in a bid submitted under subsection (a)