US HB1586

Only women-owned small businesses (WOSBs) formally certified by the SBA Administrator or an approved national certifying entity will count toward governmentwide and federal agency contracting goals, excluding self-certified businesses from goal calculations

Self-certified WOSBs that filed certification applications before the effective date will be temporarily deemed certified and counted toward goals until the Administrator or certifying entity makes a final determination on their application

The SBA Administrator must issue implementing regulations within one year of enactment, with the goal calculation changes taking effect on the first day after the second fiscal year following regulation issuance

Quarterly briefings to House and Senate Small Business committees are required starting 60 days after enactment, covering certification application numbers, processing timelines, administrative costs, and outreach efforts

No additional appropriations are authorized to carry out the Act