SBA Women-Owned Business Updates


On May 16, SBA proposed women-owned small business updates.


  • SBA issued proposed rule updating Women-owned small business (WOSB) program.
  • Proposal Overview
  • Amends 13 CFR 124, 13 CFR 127, 13 CFR 128 to make changes to WOSB regulations.
  • Adds definitions and conforms the regulations to current statutes not yet integrated.
  • Also adopts similar language to other SBA government contracting programs re the length of time that a firm declined three times must wait before reapplying to WOSB.
  • Consultation
  • Comments must be received on or before Jul. 15, 2024
  • Dec. 2024 SBA Final Rule
  • On Dec. 4, 2024, SBA published final rule on WOSB program in the federal register.
  • Rule is effective Jan. 3, 2025; it applies to all solicitations issued on or after that date.

Regulators SBA
Entity Types Bank; Corp
Reference 89 FR 96089, 12/4/2024; 89 FR 42816, 5/16/2024; 3245-AI04; SBA-2024-0004; Citation: *13 CFR* 124, 127, 128;
Functions Compliance; Financial; Operations; Reporting
Countries United States of America
Category
State
Products Banking; Corporate; Loan
Regions Am
Rule Type Final
Rule Date 5/16/2024
Effective Date 1/3/2025
Rule Id 212412
Linked to N/A
Reg. Last Update 12/4/2024
Report Section US Banking

Last substantive update on 12/04/2024