My Profile   |   Contact Us   |   Sign In   |   Register
WIPP In Action
Blog Home All Blogs
Our organizational blog featuring the most important news in WIPP advocacy for women-owned businesses; federal procurement education, programs, and opportunities; and signature events celebrating and engaging with this powerful community.

 

Search all posts for:   

 

Top tags: Advocacy  membership  SBA  Senate Small Business  Access to Capital  Action Alert  Congress  cybersecurity  leadership  legislation  policy  Access  Appropriations  budget  Education  FAR  Federal Procurement  hearings  IRS  microloan  opportunities  procurement  resource  Treasury  WIPP Annual Conference 

Action Alert: Ask Your Legislators to Co-Sponsor Equity Bill

Posted By WIPP Advocacy Team, Wednesday, October 9, 2019
Updated: Tuesday, October 8, 2019

If a woman-owned firm wants to obtain a Small Business Administration (SBA) certification to participate in the Woman-Owned Small Business/Economically Disadvantaged Woman-Owned Small Business (WOSB/EDWOSB) procurement program, she would not be able to obtain equity or venture capital funding.

This choice essentially forces women business owners to choose between participating in the federal marketplace through the WOSB/EDWOSB program or growing their business.

Senators Marco Rubio (R-FL) and Maria Cantwell (D-WA) introduced the Women and Minority Equity Investment Act of 2019 (S. 1981), which would allow women-owned contracting firms to take investment by women-owned equity firms and still meet the “51% unconditionally owned and controlled” standard set by SBA to participate in the WOSB/EDWOSB program.


Representative Robin Kelly (D-IL) introduced an identical bill in the House (H.R. 3633). The same barriers apply to minority-owned businesses and these bills also allow minority-owned federal contracting firms to take investment by minority-owned equity firms.

WIPPActionAlert Access to capital continues to be an ongoing challenge for women business owners. This groundbreaking legislation would open a path for investment in women-owned businesses who are government contractors, while also strengthening the role of women investors – giving them a reason to ask for greater equity positions within their firms. 

WIPP asks you to meet, call, or write your elected officials and ask them to support and co-sponsor the Women and Minority Equity Investment Act of 2019.

Your Action Steps:

 


 

Call Your Legislators

If You Are Calling Your Senators:  

Reach the Congressional switchboard at 202-224-3121. Ask to be connected to the Senator’s office you are trying to reach.

 

Use this sample script:

 

“Hello. My name is ____________ and I am a constituent living in ____________. I am calling to urge Senator ____________ to support S.1981, the Women and Minority Equity Investment Act of 2019. This bill would allow women-owned federal contracting firms to accept investment by women-owned equity firms.

 

As a woman entrepreneur, this change will not only help me grow my business, but will empower women investors by continuing to spur growth for women-owned equity firms.

 

Again, I urge Senator _____________ to expand venture capital access for women and minority business owners by co-sponsoring S.1981, the Women and Minority Equity Investment Act of 2019.”

 

If You Are Calling Your Representative: 

Reach the Congressional switchboard at 202-224-3121. Ask to be connected to the Representative’s office you are trying to reach.

 

Use this sample script:

 

“Hello. My name is ____________ and I am a constituent living in ____________. I am calling to urge Representative ____________ to support H.R. 3633, the Women and Minority Equity Investment Act of 2019. This bill would allow women-owned federal contracting firms to accept investment by women-owned equity firms.

 

As a woman entrepreneur, this change will not only help me grow my business, but will empower women investors by continuing to spur growth for women-owned equity firms.

 

Again, I urge Representative _____________ to expand venture capital access for women and minority business owners by co-sponsoring H.R. 3633, the Women and Minority Equity Investment Act of 2019.”

 

 


 

Write Your Legislators 

If You Are Writing Your Senators:

Reach your Senators via email through a form on their website under “Contact.”

 

Use this suggested language:

 

Dear Senator ______,

 

My name is ____________ and I am a constituent living in ____________. I am writing to urge you to support S.1981, the Women and Minority Equity Investment Act of 2019. This bill would allow women-owned federal contracting firms to take investment by women-owned equity firms.

 

As a woman entrepreneur, this change will not only help me grow my business, but it will strengthen the role of women investors – giving them a reason to ask for greater equity positions within their firms.

 

Please support expanding venture capital access for women and minority business owners by co-sponsoring S.1981, the Women and Minority Equity Investment Act of 2019. Thank you in advance for your consideration.

 

Sincerely,

_______

 

If You Are Writing Your Representative: 

Reach your Representative via email through a form on their website under “Contact.”

 

Use this suggested language:

 

Dear Representative ______,

 

My name is ____________ and I am a constituent living in ____________. I am writing to urge you to support H.R. 3633, the Women and Minority Equity Investment Act of 2019. This bill would allow women-owned federal contracting firms to take investment by women-owned equity firms.

 

As a woman entrepreneur, this change will not only help me grow my business, but it will strengthen the role of women investors – giving them a reason to ask for greater equity positions within their firms.

 

Please support expanding venture capital access for women and minority business owners by co-sponsoring H.R. 3633, the Women and Minority Equity Investment Act of 2019. Thank you in advance for your consideration.

 

Sincerely,

_______

 

Tags:  Access to Capital  Action Alert  Advocacy 

Share |
Permalink
 

Advocacy Update: Congress to Reject Section 809 Panel Recommendation

Posted By WIPP Advocacy Team, Friday, August 9, 2019
The Section 809 Panel is an independent commission created by Congress to modernize and streamline the Defense acquisition system. On April 1, 2019, WIPP signed on to a letter denouncing a recommendation from the Section 809 Panel that the Department of Defense should do away with small business set-asides and institute a 5% price preference instead. WIPP joined 25 other organizations and businesses in signing onto the letter, which was sent to top lawmakers on the House and Senate Armed Services Committees.

As a result of these collaborative efforts, both Congress and the Department of Defense have indicated this recommendation will not be adopted. Thank you to all of the WIPP Members who added their voices and joined our efforts to preserve the small business programs that give WOSBs access to the federal marketplace.

Tags:  Action Alert  Advocacy 

Share |
Permalink
 
more Calendar

10/22/2019
WEP Training - Leveraging LinkedIn to Boost Business Development

10/24/2019
ChallengeHER Washington, D.C. / DMV

10/29/2019
ChallengeHER San Diego / Oceanside, CA

11/5/2019
WBE Hall of Fame

11/7/2019
ChallengeHER Huntsville

Featured Members
Julie RothhouseCEO, SynaVoice, Oakton, VA — September 2019 WIPP Monthly Membership Spotlight
Pamela O'RourkeFounder & CEO, ICON, Houston, TX — October 2019 WIPP Monthly Membership Spotlight

Privacy Policy / Disclaimer    |    © WIPP  |    888-488-WIPP

Association Management Software Powered by YourMembership  ::  Legal