WOSB Accountability Act

HR 1816, the WOSB Accountability Act, changes how the federal government counts women-owned small businesses (WOSBs) for contracting goals. It removes self-certified WOSBs (businesses claiming to be women-owned without formal SBA review) from federal goal calculations, requiring formal certification by the Small Business Administration (SBA) or an approved entity instead. The bill creates a transition period for businesses already self-certified before the law takes effect, allowing them to count toward goals until SBA reviews their applications. It also mandates quarterly reports to Congress on certification applications, processing times, costs, and outreach efforts to track implementation. This focuses on improving accountability in meeting federal contracting goals for women-owned businesses.