While there is little doubt that most Americans think our political system is broken, quite a bit was accomplished in Washington this year.
In February, two announcements by SBA marked the result of more than 15 years of WIPP’s advocacy. For the first time ever, the federal government met its goal of awarding 5% of all contracts to women-owned firms. The following day, the WOSB procurement program, which helped make reaching the goal a reality, was expanded from 83 to 113 industries. The government now contracts $18 billion a year with women-owned small businesses, largely due to this program we spent so many years building.
As the snow began to melt, focus turned to the final months of the Obama Presidency. The Administration moved swiftly to issue Executive Orders aligned with their priorities. New rules were finalized from the U.S. Department of Labor including Fair Pay Safe Workplaces, Overtime, and Paid Sick Leave (though all three are under litigation and are expected to be rescinded by President-elect Trump). The General Services Administration finalized the Transactional Data Rule which adds an unnecessary burdensome reporting requirement for GSA schedule contract holders.
Regulations can also help small business. SBA released its updated Limitations on Subcontracting rule, making it easier for WOSBs to follow subcontracting rules by encouraging additional work with other WOSBs. SBA also began accepting applications for the long-awaited all-small Mentor Protégé Program, that helps WOSBs team with a mentor business and pursue federal opportunities.
In the fall, we welcomed Jane Campbell as the new President of WIPP. Her longtime advocacy for women entrepreneurs, coupled with her experience as a business owner, as the first woman Mayor of Cleveland, and as Staff Director of the Senate Committee on Small Business and Entrepreneurship, allowed her to hit the ground running.
At the end of the year, Congress passed the National Defense Authorization Act (NDAA), a bill that include policies to help women small business owners by establishing a pilot program to allow subcontractors to seek past-performance credit and dedicates additional agency resources to assist small contractors. These are positive changes that will expand access to the federal market for women entrepreneurs.
Also passed as Congress comes to a close was the “21st Century Cures” legislation that addresses medical funding, cancer research, and changes the Food and Drug Administration (FDA) approval process. Inside the legislation is the reintroduction of Health Reimbursement Arrangements or HRAs, which offer business owners a tax-friendly way to subsidize employee medical costs, including insurance premiums. WIPP has long advocated for the return of HRAs because allowing employees to find their own individual insurance and reimbursing them was popular with small firms wishing to offer health benefits.
Finally, in 2016 our country elected the most diverse Congress, with more female senators than ever before. As departing Senate Minority Leader Harry Reid (D-NV) stated during his farewell speech, “the Senate is a better place because of the women being here.” We know women in Washington get more done.
As we look forward to 2017, WIPP and women entrepreneurs will continue to press for important policy changes with the Trump Administration and the new Congress. We count on your support to make that happen.