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Women's Business Support: New Rules and Funding

This act strengthens programs supporting women in business, offering them better access to training, counseling, and capital. It aims to help establish, grow, and maintain businesses owned by women, especially those who are socially and economically disadvantaged. Citizens can expect increased opportunities for support for their business ventures.
Key points
Increased Funding: Women's business support programs will receive up to $31.5 million annually through 2026.
Longer Grants: Initial and continuation grants will be awarded for 5-year terms, providing greater stability.
Greater Flexibility: Possibility of waiving matching fund requirements under difficult economic conditions.
Improved Counseling: Women's business centers will offer comprehensive support in finance, management, marketing, and market access.
New Standards: Introduction of an accreditation program for centers to ensure high-quality services.
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Additional Information
Print number: 117_S_4863
Sponsor: Sen. Cardin, Benjamin L. [D-MD]
Process start date: 2022-09-15
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Women’s Business Centers Improvement Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4863.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-15.

What are the main provisions?

Key points include:

  • Increased Funding: Women's business support programs will receive up to $31.5 million annually through 2026.
  • Longer Grants: Initial and continuation grants will be awarded for 5-year terms, providing greater stability.
  • Greater Flexibility: Possibility of waiving matching fund requirements under difficult economic conditions.
  • Improved Counseling: Women's business centers will offer comprehensive support in finance, management, marketing, and market access.
  • New Standards: Introduction of an accreditation program for centers to ensure high-quality services.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cardin, Benjamin L. [D-MD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy