An Act To establish requirements relating to certification of small business concerns owned and controlled by women for certain purposes, and for other purposes.
About This Bill
Passed
Latest Action · February 29, 2024
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
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.
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