Generating Revenue Opportunities for Women-Owned Small Businesses Act of 2024
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Summary
The Generating Revenue Opportunities for Women-Owned Small Businesses Act of 2024 makes several changes to federal contracting programs for women-owned small businesses (WOSBs). The bill establishes a new indefinite delivery, indefinite quantity contract exclusively for WOSBs, increases governmentwide contracting goals for WOSBs, and modifies certification requirements to distinguish between self-certified and officially certified WOSBs. It also requires federal agencies to provide training, forecasting, and reporting on WOSB contracting opportunities, and directs the Small Business Administration to develop best practices and award programs to expand federal contract opportunities for women-owned firms.
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