Bipartisan Houlahan Tenney legislation to promote women’s entrepreneurship advances in the House – Daily Local

WASHINGTON, DC — On Wednesday, US Representatives Chrissy Houlahan, D-Pa.-Sixth Dist. and Claudia Tenney, RN.Y.-Twenty second Dist., developed bipartisan laws to assist ladies’s entrepreneurship exterior the Home Small Enterprise Committee. The Ladies-Owned Small Enterprise Program Transparency Act invoice obtained unanimous assist from committee members.

“Earlier than I got here to Congress, I helped begin and scale a number of companies in southeastern Pennsylvania, so I am very conversant in the challenges ladies entrepreneurs face when competing in our twenty first century financial system,” Houlahan stated. “The reality of the matter is, women-owned small companies have traditionally been underrepresented in relation to federal contract funding, and COVID has exacerbated this inequality. My laws will create a fairer taking part in area that elevates ladies entrepreneurs by getting up to date knowledge on how our federal greenback is rewarded. At a time when it is so divided, it is heartening to see my colleagues on the Home Small Enterprise Committee come collectively in such a bipartisan style to assist this invoice and our nation’s small enterprise.”

“As a long-time small enterprise proprietor, I perceive firsthand the challenges all small enterprise homeowners face each day, and particularly these particular to ladies,” Tenney stated. “This laws will strengthen the Ladies Owned Small Enterprise (WOSB) program by rising transparency and accountability, making it work for taxpayers and our nation’s small companies. I’m honored that my colleagues on the Home Small Enterprise Committee have handed this invoice with sturdy bipartisan assist, and hope it is going to be swiftly thought-about by the Home.”

This invoice:

It units reporting necessities for the WOSB Program, advances transparency, accountability, and ensures Congress receives the required knowledge to carefully monitor the underrepresentation of women-owned small companies in federal contracts.

It requires the SBA to offer info on the quantity of contract {dollars} awarded via the WOSB program, the variety of certificates awarded, the quantity of program exams run, the variety of corporations which have had their certificates revoked, and the variety of falsely awarded contracts underneath industries or industries. NAICS codes not eligible for this system, in addition to measures taken by the SBA to correctly prepare company workers.

Laws is supported by nationwide organizations together with Ladies House owners and Managers:

“Ladies House owners and Managers of Buildings (WCOE) applauds Republican Houlahan for enacting the Ladies-Owned Small Enterprise Program Transparency Act. “Ladies-owned corporations are nonetheless underutilized within the federal market at this time, and extra must be completed to see applications enacted by Congress really advance fairness within the federal bidding course of for girls and translate into actual tender rewards for official women-owned corporations.”

Lee Cunningham, Chair of WCOE’s Legislative Committee, famous that Consultant Houlahan’s invoice couldn’t come at a extra essential time for girls within the building trade due to the historic funding in infrastructure handed by this Congress. WOCE members can solely capitalize on this chance if the persistent obstacles confronted by ladies enterprise homeowners are addressed, and this will solely be achieved via elevated transparency and accountability within the Ladies’s Small Enterprise programme. WCOE acknowledges your efforts on behalf of feminine enterprise homeowners.

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