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Improved Support for Women Entrepreneurs: New Funding Rules for Business Centers.

This Act strengthens the Women’s Business Center Program (WBCP) by introducing stable 5-year grant terms and increasing the maximum annual grant amount to $300,000 (adjusted for inflation). The changes aim to provide better access to training, financial counseling, and capital acquisition assistance for women running small businesses, with a focus on socially and economically disadvantaged groups. An accreditation program will also be established to ensure high-quality services.
Key points
Stable Funding: Women's Business Centers can apply for 5-year grants, ensuring long-term continuity of support for women entrepreneurs.
Increased Resources: Authorization of $31.5 million annually through 2027 for programs supporting women in starting and growing small businesses.
Quality Assurance: Mandatory accreditation and annual financial and programmatic reviews are introduced to ensure centers offer effective counseling and training.
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Additional Information
Print number: 118_S_2184
Sponsor: Sen. Cardin, Benjamin L. [D-MD]
Process start date: 2023-06-22
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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

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_S_2184.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-22.

What are the main provisions?

Key points include:

  • Stable Funding: Women's Business Centers can apply for 5-year grants, ensuring long-term continuity of support for women entrepreneurs.
  • Increased Resources: Authorization of $31.5 million annually through 2027 for programs supporting women in starting and growing small businesses.
  • Quality Assurance: Mandatory accreditation and annual financial and programmatic reviews are introduced to ensure centers offer effective counseling and training.
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 2025-12-26.

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