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Action Alert: 15 Reasons to Move SBA Reauthorization Forward in the Senate

Posted By WIPP Advocacy Team, Tuesday, July 30, 2019
Updated: Wednesday, July 31, 2019

Your legislators will be at home in their districts and states from August 5 to September 6 to meet with constituents, like you, to share updates on their efforts in Washington, D.C. They are eager to understand how these efforts are impacting you. Take advantage of this opportunity to continue WIPP’s advocacy work by engaging with your Members of Congress.  

WIPPActionAlert

WIPP has been working closely with the Senate Committee on Small Business and Entrepreneurship to make necessary changes to programs benefiting entrepreneurs through the U.S. Small Business Administration (SBA). The Committee was scheduled to vote on a bill (Chairman’s draft) combining many important changes on July 24. 

 

Unfortunately, the Committee postponed action after failing to agree on proposed regulatory changes contained in the draft legislation.  The Chairman’s draft contains 15 changes that, if passed, will be game-changers for women business owners. 

 

Now is the time to contact your Senators and ask them to express support for moving forward the SBA Reauthorization legislation, including the fifteen below highlights championed/supported by WIPP. 

 

Download our letter to send to your Senators!

 

Contracting

 

  • Raises sole source thresholds to $8 million generally and at $10 million for manufacturing contracts. 
  • Allows sole source contracts for each option year instead of the current one-time award.
  • Amendment to eliminate the rule of two language for sole source contracts from the WOSB, HUBZone, and SDVOSB programs. 
  • Solidifies Small Business Runway Extension Act, allowing for 5-year average of gross receipts for revenue based NAICS codes and adds employee based NAICS codes to the calculation by allowing them to also use a 5-year average for the purposes of size determination.
  • Requires agencies to pay small business contractors for work performed within 15 days of performance. 
  • Requires the SBA to commission an independent external study to determine which industries are underrepresented by women.
  • Allows for equity investment in women and minority owned small businesses for federal contractors by women-owned/minority-owned equity 
  • Adds the SBA as a member of the Federal Acquisition Regulatory (FAR) Council.

 

Access to Capital

 

  • Eliminates a rule that prevents SBA from distributing more than 1/55th of its microloans in any one state. 
  • Requires much needed data on microloans, of which women are the largest consumers.

 

Regulatory

 

  • Expands the role of the SBA Office of Advocacy to weigh in on regulations affecting small businesses.
  • Requires a five-year review of regulations’ effect on small businesses. 
  • Allows the Office of Advocacy to write a letter questioning an agency’s certification that a proposed rule would not have a significant impact on a substantial number of small entities, and asking the agency to reconsider.

 

Cybersecurity

 

  • Mandates that the SBA Administrator establish a program to designate employees of lead SBDCs as certified to provide cyber strategy assistance to small businesses. 
  • Directs the SBA to develop a cybersecurity clearinghouse that consolidates federal government cybersecurity information specifically for small business assistance.

Tell your Senator to open doors for women business owners by urging them to express support to the Senate Committee on Small Business and Entrepreneurship to move forward with SBA Reauthorization legislation. 

Tags:  Advocacy  SBA  Senate Small Business 

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