WOSB Certification and Opportunity Expansion Act

3/18/2024, 10:19 PM

WOSB Certification and Opportunity Expansion Act

This bill requires that only women-owned small businesses that have been certified by a federal agency, state government, or national certifying entity approved by the Small Business Administration (SBA) are included when calculating whether a federal agency has met its contracting goals with respect to such businesses during a fiscal year.

Certain self-certified, women-owned small businesses that have filed an application for certification are deemed to have been certified until the SBA or national certifying entity makes a determination with respect to the certification of such business.

The SBA must provide a briefing each quarter about specified aspects of the process of certifying women-owned small businesses and implementing the requirements of the bill.

Congress
118

Number
HR - 7105

Introduced on
2024-01-29

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

2/29/2024

Status of Legislation

Bill Introduced
Introduced to House
Passed in House
Introduced to Senate
Senate to Vote

Purpose and Summary

WOSB Certification and Opportunity Expansion Act

This bill requires that only women-owned small businesses that have been certified by a federal agency, state government, or national certifying entity approved by the Small Business Administration (SBA) are included when calculating whether a federal agency has met its contracting goals with respect to such businesses during a fiscal year.

Certain self-certified, women-owned small businesses that have filed an application for certification are deemed to have been certified until the SBA or national certifying entity makes a determination with respect to the certification of such business.

The SBA must provide a briefing each quarter about specified aspects of the process of certifying women-owned small businesses and implementing the requirements of the bill.

Alternative Names
Official Title as IntroducedTo establish requirements relating to certification of small business concerns owned and controlled by women for certain purposes, and for other purposes.

Policy Areas
Commerce

Potential Impact
Congressional oversight
Licensing and registrations
Public contracts and procurement
Small Business Administration
Small business
Women in business

Comments

Recent Activity

Latest Summary3/8/2024

WOSB Certification and Opportunity Expansion Act

This bill requires that only women-owned small businesses that have been certified by a federal agency, state government, or national certifying entity approved by the Small Business ...


Latest Action2/29/2024
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.