WOSB Accountability Act
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Bill details
Summary
Introduced in House
WOSB Accountability 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.
District impact notes
The WOSB Accountability Act requires that only certified women-owned small businesses count towards federal contracting goals. • This policy could impact local women-owned businesses seeking federal contracts by establishing clearer certification requirements. • Local agencies and organizations that support small businesses may need to adjust their programs to align with the new certification process. • There may be questions about how the certification process will be implemented and whether it could create barriers for some businesses seeking to qualify. AI-generated from official bill summary and plain-English note; verify with official text.
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