,,ii #aagth ,,congress #b;d ,session ,s4 #chif ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #bb1 #bjbb ,ms4 ,ernst 7for herself and ,mrs4 ,capito7 introduced the following bill2 which was read twice and referred to the ,committee on ,small ,business and ,entrepreneurship ,a ,,bill ,to amend the ,small ,business ,act relating to small business concerns owned and controlled by women1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,empowering ,women in ,small ,business ,act4 #b4 ,treatment of funding by small business investment companies ,section #h of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7 is amended-- 7#a7 in subsection 7a77#ba77;,e71 by inserting 1 and except as provided under subsection 7m77#i71 after law12 and 7#b7 in subsection 7m71 by adding at the end the following3 7#i7 ,treatment of funding by small business investment companies 7,a7 ,definition ,in this paragraph1 the term covered small business concern means a small business concern-- 7i7 7,i7 owned and controlled by women2 or 7,,ii7 owned and controlled by women described in paragraph 7#b77;,a7 and certified under paragraph 7#b77;,e72 and 7ii7 that receives funding from a small business investment company licensed under title ,,iii of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fha et seq474 7,b7 ,retained certification ,any covered small business concern shall retain certification as a covered small business concern under this subsection for a period of not more than #g years if1 during that period1 ownership interests in the covered small business concern that are held by a small business investment company licensed under title ,,iii of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fha et seq47 would reduce the percentage required under section #c7n7 or paragraph 7#b77;,a7 of this subsection1 as applicable1 to less than #ea percent4 4 #c4 ,required training and reporting on ,governmentwide goals ,section #ae7;g77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fdd7;g77#b77 is amended by adding at the end the following3 7,g7 ,required training 7i7 ,in general ,notwithstanding the goals established under this subsection for each ,federal agency1 the ,administration1 in consultation with the ,national ,women's ,business ,council established under section #dje of the ,women's ,business ,ownership ,act of #aihh 7#ae ,u4,s4,c4 #gaje71 shall provide training to employees with responsibility for procurement or acquisition at any ,federal agency that awards less than #e percent of prime contracts and subcontracts to small business concerns owned and controlled by women in a fiscal year4 7ii7 ,guidance ,the ,administration shall issue publicly available guidance for each ,federal agency identified in a report submitted under clause 7iii7 to meet the #e percent goal described in clause 7iii77,i74 7iii7 ,report ,not later than #a year after the date of enactment of this ,act1 and annually thereafter1 the ,administration shall submit to ,congress-- 7,i7 a list of each ,federal agency that awarded less than #e percent of the prime contracts and subcontracts of the ,federal agency to small business concerns owned and controlled by women in the fiscal year covered by the report2 7,,ii7 the number of training sessions provided under clause 7i7 to each ,federal agency described in subclause 7,i72 7,,iii7 an overview of the content of each training session described in subclause 7,,ii72 and 7,,iv7 the result of each training session described in subclause 7,,ii71 including whether additional contracting opportunities were provided to small business concerns owned and controlled by women and the #e percent threshold described in clause 7i7 was met by the ,federal agency4 4 #d4 ,interagency report 7a7 ,definition ,in this section-- 7#a7 the term covered agency means-- 7,a7 the ,department of ,commerce2 7,b7 the ,small ,business ,administration2 7,c7 the ,department of ,agriculture2 and 7,d7 the ,department of the ,treasury2 7#b7 the term covered small business concern means-- 7,a7 a small business concern owned and controlled by women2 and 7,b7 a small business concern owned and controlled by women described in and certified under subparagraphs 7,a7 and 7,e71 respectively1 of section #h7m77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fch7m77#b772 and 7#c7 the term small business concern owned and controlled by women has the meaning given the term in section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb74 7b7 ,report ,not later than #a year after the date of enactment of this ,act1 the ,secretary of ,commerce1 in consultation with the ,administrator of the ,small ,business ,administration1 the ,secretary of ,agriculture1 and the ,secretary of the ,treasury1 shall submit to ,congress an interagency report that-- 7#a7 identifies the leading economic barriers for small business concerns owned and controlled by women1 particularly for industries underrepresented by small business concerns owned and controlled by women2 7#b7 includes a detailed description of the impact of inflation and supply chain disruptions on small business concerns owned and controlled by women during the #c-year period preceding the report2 7#c7 makes recommendations to improve access to capital for small business concerns owned and controlled by women2 and 7#d7 in consultation with the ,office of ,small ,business and ,disadvantaged ,business ,utilization of each covered agency1 identifies ,federal contract opportunities for covered small business concerns4