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Improved Support for Women Entrepreneurs: New Grants and Accountability Standards.

This Act strengthens the Women's Business Center Program (WBCP) by providing more stable, long-term funding and enhancing the quality of entrepreneurial support services for women. It establishes 5-year grants, increases annual funding limits, and mandates accreditation and annual financial reviews to ensure high standards, particularly for socially and economically disadvantaged women. Citizens benefit from more reliable and higher-quality resources for business finance, management, and marketing assistance.
Key points
Increased Funding Stability: Women's Business Centers will receive 5-year grants (up to $300,000 annually, adjusted for inflation) with unlimited continuation possibilities.
Higher Service Quality: Mandatory accreditation standards and annual programmatic and financial examinations are introduced to improve accountability and the quality of counseling.
Financial Flexibility: The Administrator can waive matching fund requirements for one year if economic conditions warrant it.
Privacy Protection: Personal and business information shared by entrepreneurs with the centers is protected from disclosure without consent.
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Additional Information
Print number: 118_HR_5361
Sponsor: Rep. Davids, Sharice [D-KS-3]
Process start date: 2023-09-08
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OFFICIAL LEGAL TITLE

Women’s Business Centers Improvement Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5361.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-09-08.

What are the main provisions?

Key points include:

  • Increased Funding Stability: Women's Business Centers will receive 5-year grants (up to $300,000 annually, adjusted for inflation) with unlimited continuation possibilities.
  • Higher Service Quality: Mandatory accreditation standards and annual programmatic and financial examinations are introduced to improve accountability and the quality of counseling.
  • Financial Flexibility: The Administrator can waive matching fund requirements for one year if economic conditions warrant it.
  • Privacy Protection: Personal and business information shared by entrepreneurs with the centers is protected from disclosure without consent.
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 Rep. Davids, Sharice [D-KS-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Economy