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Boosting Federal Contract Opportunities for Women-Owned Small Businesses.

This Act raises the federal contracting goal for women-owned small businesses from 5% to 7%, aiming to increase their market participation. It establishes new, dedicated contract vehicles and streamlines procedures for government agencies to award contracts to these firms by reducing bureaucratic hurdles. To count toward the new goals, businesses will need formal certification rather than relying on self-certification.
Key points
The federal contracting goal for women-owned businesses increases from 5% to 7%, expanding market access for female entrepreneurs.
Creation of exclusive, long-term federal contracts (IDIQ) specifically for women-owned small businesses.
Streamlining the process for awarding sole-source contracts to these firms by waiving certain justification requirements, speeding up procurement.
Contracts will only count towards the new goals if the business is formally certified, phasing out self-certification for tracking purposes.
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Additional Information
Print number: 118_HR_9510
Sponsor: Rep. Velázquez, Nydia M. [D-NY-7]
Process start date: 2024-09-09
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Generating Revenue Opportunities for Women-Owned Small Businesses Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9510.

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 2024-09-09.

What are the main provisions?

Key points include:

  • The federal contracting goal for women-owned businesses increases from 5% to 7%, expanding market access for female entrepreneurs.
  • Creation of exclusive, long-term federal contracts (IDIQ) specifically for women-owned small businesses.
  • Streamlining the process for awarding sole-source contracts to these firms by waiving certain justification requirements, speeding up procurement.
  • Contracts will only count towards the new goals if the business is formally certified, phasing out self-certification for tracking purposes.
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. Velázquez, Nydia M. [D-NY-7].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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