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New Certification Rules for Women-Owned Businesses

This act mandates official certification for women-owned businesses to be counted towards government contracting goals. Businesses that previously self-certified will now need to undergo a formal verification process. This aims to enhance transparency and accountability in programs supporting women's entrepreneurship.
Key points
Women-owned businesses must obtain official certification to be included in government contracting goals.
Self-certified businesses will have a grace period to apply for certification to maintain their status.
The Small Business Administration (SBA) will regularly brief Congress on the certification process implementation.
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Status:
Passed House
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Additional Information
WOSB Accountability Act
Print number: HR 1816
Sponsor: Rep. Velázquez, Nydia M. [D-NY-7]
Process start date: 2025-03-03