Us Congress Senate Bill SR431

Us Congress 2023-2024 Regular Session

• Introduced: 10/25/23

Caption

A resolution recognizing the month of October 2023 as "National Women's Small Business Month".

Impact

By designating a month to celebrate women in entrepreneurship, SR431 seeks to create a supportive environment for women business owners. The resolution emphasizes the need for policies that foster a business-friendly atmosphere and reduce bureaucratic barriers that may hinder growth. The acknowledgment from a legislative level is intended to inspire and motivate current and future generations of women entrepreneurs to pursue their business ambitions and contribute to the local and national economy.

Summary

SR431 is a resolution recognizing October 2023 as 'National Women’s Small Business Month.' This bill acknowledges the significant contributions that women-owned businesses make to the economy and calls attention to the challenges faced by women entrepreneurs. It highlights the fact that there are over 12 million women-owned businesses in the United States, which together generate approximately $1.8 trillion in revenue and employ over 9 million people. The resolution aims to honor these contributions and raise awareness of the hurdles that women entrepreneurs encounter in the business landscape.

Contention

While the resolution is largely celebratory in nature and does not propose direct legislative changes or funding, it indirectly highlights ongoing discussions about the need for better access to federal contracting opportunities, mentorship programs, and capital for women-owned businesses. Some may see it as insufficient in addressing the critical barriers faced by women entrepreneurs, pointing out that mere recognition does not translate into tangible support or resources. Therefore, while there appears to be broad support for SR431, underlying concerns about the adequacy of support structures for women in business can lead to contention in discussions around this resolution.