The bill would revise the Small Business Administration’s Women’s Business Center Program, authorizing five-year initial and continuation grants of up to $300,000 annually, adjusted for inflation, to eligible entities providing counseling and training to women entrepreneurs and women-owned small businesses. It would establish matching-fund requirements, allow limited waivers, require annual financial and program reviews, create an Office of Women’s Business Ownership and an accreditation program, and require public notice and comment for program rule changes. It would authorize $31.5 million annually for fiscal years 2026 through 2029 and set transition rules for existing grants.

FactVote-generated overview; it is not an official CRS summary.