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# Summary The Generating Revenue Opportunities for Women-Owned Small Businesses Act of 2024 aims to expand federal contracting opportunities for women-owned small businesses. The bill increases the government-wide contracting goal for women-owned small businesses from 5 percent to 7 percent of all federal contract awards and raises the overall small business goal from 23 percent to 25 percent. It directs the General Services Administration to establish a new contracting program exclusively for women-owned small businesses within 270 days, while requiring the Small Business Administration to develop implementation plans and provide training to federal agencies that have not met contracting goals for women-owned businesses. The legislation streamlines approval processes for federal agencies awarding contracts to women-owned small businesses, including waiving certain justification and approval requirements for sole-source contracts below specified dollar thresholds. It also mandates various reporting requirements, surveys, and best practice initiatives, including quarterly briefings to Congress on certification progress, annual reports on contract awards, and a Comptroller General survey of federal offices responsible for small business utilization. Additionally, the bill establishes an annual awards program recognizing federal employees who increase contracting opportunities for women-owned businesses and extends similar contracting preferences to the Department of Veterans Affairs for women-owned veteran businesses.

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