Summary

Excludes women‑owned small businesses (WOSBs) that are only self‑certified from being counted toward federal WOSB procurement goals unless they obtain formal certification under the statutory SBA certification standard (15 U.S.C. 637(m)(2)(E)). Sets a timeline and transitional rules for currently self‑certified firms, requires the SBA to issue implementing regulations and quarterly briefings to congressional small business committees, and states no new funds are authorized for implementation.

• Only WOSBs formally certified under 15 U.S.C. 637(m)(2)(E) count toward federal WOSB procurement goals.
• WOSBs that are only self‑certified are excluded from goal calculations.
• SBA must issue implementing regulations within one year of enactment.
• Effective date is delayed until the first day after the end of the second fiscal year following issuance of SBA regulations.
• Certain currently self‑certified firms with pending applications are temporarily treated as deemed certified until a determination is made.
• SBA must provide quarterly briefings to the House and Senate small business committees until the rule takes effect.
• No additional funds are authorized to implement the Act.