Us Congress House Bill HB9510

Us Congress 2023-2024 Regular Session

• Introduced: 9/9/24
• Refer: 9/9/24

Caption

Generating Revenue Opportunities for Women-Owned Small Businesses Act of 2024

Impact

The bill seeks to amend the Small Business Act to create a more favorable environment for women-owned businesses to compete for federal contracts. Notable provisions include a training program for federal acquisition personnel to help increase contract awards and the elimination of barriers for self-certified women-owned small businesses from being counted towards government contracting goals. This is expected to empower women entrepreneurs by simplifying the certification process and expanding their market reach within federal procurement.

Summary

House Bill 9510, titled the 'Generating Revenue Opportunities for Women-Owned Small Businesses Act of 2024', aims to enhance federal contracting opportunities for small business concerns that are owned and controlled by women. The legislation proposes establishing exclusive indefinite delivery and indefinite quantity contracts specifically for these businesses while also increasing the government-wide goal for participation in federal contracts by women-owned small businesses from 5% to 7%. This change is intended to facilitate better access to governmental procurement opportunities and encourage the inclusion of women-owned concerns in the federal contracting landscape.

Contention

There are several notable points of contention surrounding HB 9510. Critics may argue that requiring certification could create additional burdens for smaller businesses that already struggle with compliance and bureaucratic processes. There is also concern regarding the effectiveness of mandated goals and whether simply increasing numerical targets will yield meaningful change without addressing underlying structural barriers to entry that women-owned businesses face in government contracting. Furthermore, opposition may arise regarding the specifics of the training initiatives and whether they adequately prepare general service acquisition personnel to support diverse small businesses effectively.