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Support for Women-Owned Businesses: New Funding and Public Procurement Rules.

This act aims to facilitate access to funding and public contracts for women-owned businesses. It introduces changes that help these businesses retain their small business status even after receiving investments and obliges federal agencies to increase their share of contracts for them. This is intended to support economic growth and job creation.
Key points
Women-owned businesses can retain their small business status longer after receiving investments from specific funds, facilitating their growth.
Government agencies failing to meet the 5% contracting goal for women-owned businesses will undergo special training and report progress.
A report will be created to identify economic barriers for women-owned businesses, including inflation's impact, and recommend improved capital access.
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Status:
Expired
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Additional Information
Print number: 117_S_3896
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2022-03-22