WASHINGTON – United States Senator Mary L. Landrieu, D-La., Chair of the Senate Committee on Small Business and Entrepreneurship, today made the following comment on the Obama Administrations changes to the Women-Owned Small Business (WOSB) Rule:
“The proposed changes to the Women-Owned Small Business Contracting Rule is a step in the right direction for small businesses looking to compete for and win federal contracts - especially those women-owned small businesses,” Sen. Landrieu said. “By law, 5 percent of all federal contracts should be awarded to women-owned small businesses. The proposed rule specifically targets 83 industries that WOSB’s are underrepresented in federal procurement - up from the four industries that were proposed during the Bush Administration. Our goal is to far exceed this requirement and the new rule clears the way for that to happen. This rule gives WOSB’s greater access to federal contracts and allows them to increase their competitiveness in the global economy.”
To view the announcement from the Small Business Administration, please click here.