September 25, 2022

Castlow

Be INvestment Confident

Bipartisan Houlahan, Tenney laws to endorse female entrepreneurship developments in Home – Everyday Neighborhood

WASHINGTON, D.C. — On Wednesday, U.S. Reps Chrissy Houlahan, D-Pa.-6th Dist., and Claudia Tenney, R-N.Y.-22nd Dist., innovative their bipartisan legislation to promote feminine entrepreneurship out of the Property Tiny Business enterprise Committee. Their invoice, the Females-Owned Compact Small business Application Transparency Act, acquired unanimous assist from committee members.

“Before coming to Congress, I aided build and scale a number of organizations in southeastern Pennsylvania, so I am all as well familiar with the difficulties feminine entrepreneurs experience competing in our 21st-century economic climate,” said Houlahan. “The simple fact of the matter is gals-owned little firms have historically been underrepresented when it will come to federal agreement funding, and COVID only produced this disparity worse. My legislation will build a fairer actively playing subject that elevates woman business people by obtaining up-to-day facts on how our federal dollars are awarded. At a time when our politics are so divided, it is heartening to see my colleagues on the Home Smaller Business Committee appear collectively in these types of a bipartisan vogue to aid this bill and our nation’s small companies.”

“As a longtime modest organization owner, I fully grasp firsthand the difficulties that all small small business proprietors encounter on a every day foundation, and particularly these special to gals,” said Tenney. “This legislation will strengthen the Women of all ages-Owned Modest Organization (WOSB) application by enhancing transparency and accountability, making sure it operates for taxpayers and our nation’s tiny companies. I am honored that my colleagues on the Household Little Business Committee passed this invoice with these types of powerful bipartisan support, and I hope for fast consideration by the Home.”

This monthly bill:

Establishes reporting prerequisites for the WOSB Program, furthering transparency, accountability and guaranteeing that Congress receives the required info to intently check the underrepresentation of gals-owned little businesses in federal contracts.

Calls for SBA to supply information and facts as to the amount of money of contracting pounds awarded through the WOSB plan, the range of certifications staying issued, the total of software examinations remaining performed, the number of providers remaining decertified, and the number of contracts improperly awarded less than industries or NAICS codes ineligible to the program, as properly as any actions taken by SBA to properly teach agency staff.

The laws is supported by countrywide organizations including the Women of all ages Development Homeowners and Executives:

“Women Construction Owners and Executives (WCOE) applauds Rep. Houlahan for introducing the Females-Owned Compact Small business System Transparency Act. Females-owned companies are continue to underutilized in the federal market nowadays and additional needs to be done to see that courses enacted by Congress genuinely progress equity in the federal bid approach for women of all ages and translate into precise bid awards for reputable women-owned organizations.”

Lee Cunningham, Chair of WCOE’s Legislative Committee, pointed out that Representative Houlahan’s invoice could not occur at a far more essential time for ladies in the construction sector because of the historic financial investment in infrastructure handed by this Congress. WOCE customers can only capitalize on this option if the persistent obstacles ladies company house owners deal with are resolved and that can happen only by expanding transparency and accountability in the Gals-Owned Modest Small business plan. WCOE commends her attempts on behalf of gals company entrepreneurs.