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WIPP Driving Legislation

Posted By WIPP Advocacy Team, Thursday, May 2, 2019

Two recent bills introduced in the House and Senate, respectively, incorporate WIPP’s recommendations for increasing access to capital and creating parity for women-owned small businesses:

 

  • Making the Microloan Program More Effective: Elimination of the SBA Microloan Program’s 1/55th rule is a top WIPP priority, and the Microloan Program Enhancement Act (S. 996) would accomplish that. Women consume 48.7% of loans through the Program, which assists borrowers obtaining loans under $50,000. Read our letter of support.
  • Requiring 15-Day Payment to Small Federal Contractors: Reinstating the accelerated payments policy for small contractors and subcontractors that expired in 2017, House Small Business Committee Members introduced the Accelerated Payments for Small Businesses Act (H.R. 2332). The bill sets a goal for federal agencies to pay both small prime contractors and large primes with small subcontractors within 15 days.

Tags:  Advocacy  legislation 

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