Interagency Committee on Women’s Business Enterprise Act of 2023

Bill 118 s 2094, also known as the Interagency Committee on Women’s Business Enterprise Act of 2023, aims to establish an interagency committee within the federal government to support and promote women-owned businesses. The committee would be responsible for coordinating efforts across various federal agencies to increase opportunities for women entrepreneurs and ensure their fair participation in government contracts and procurement.

The bill outlines the composition of the committee, which would include representatives from key federal agencies such as the Small Business Administration, Department of Commerce, and Department of Defense. These representatives would work together to develop strategies and initiatives to support women-owned businesses, including providing technical assistance, access to capital, and networking opportunities.

Additionally, the bill emphasizes the importance of data collection and reporting on the participation of women-owned businesses in federal contracting. The committee would be required to submit annual reports to Congress on its activities and progress in promoting women’s business enterprise. Overall, Bill 118 s 2094 seeks to address the challenges faced by women entrepreneurs in accessing government contracts and resources, and to ensure that they have equal opportunities to succeed in the business world.