U.S. SENATE SMALL BUSINESS COMMITTEE COMMEMORATES 30TH ANNIVERSARY OF H.R. 5050

WASHINGTON, D.C., November 16, 2018 – Today, U.S. Senators Jim Risch (R-ID) and Ben Cardin (D-MD), Chairman and Ranking Member of the Senate Committee on Small Business and Entrepreneurship, passed a Senate resolution commemorating the 30th anniversary of H.R. 5050, the Women’s Business Ownership Act of 1988. Last month, the National Women’s Business Council (NWBC) celebrated this historic legislation that eliminated all individual state laws requiring women to have a male relative or husband co-sign a business loan and established the NWBC, the Small Business Administration’s (SBA) Office of Women’s Business Ownership (OWBO), and the women’s business center program.

NWBC appreciates the efforts of the U.S. Senate Committee on Small Business and Entrepreneurship to commemorate the 30th anniversary of H.R. 5050 and recognizes the significance of remembering the unprecedented piece of legislation that established the Council. NWBC is committed to continuing to advocate for women in business and to providing a platform to expand and improve opportunities for women business owners and their enterprises.

In case you missed NWBC's 30th Anniversary celebration click here.

About National Women’s Business Council

The National Women’s Business Council (NWBC) is a non-partisan federal advisory council created to serve as an independent source of advice and counsel to the President, the Congress, and the Administrator of the U.S. Small Business Administration (SBA) on issues of impact and importance to women business owners, leaders, and entrepreneurs. To learn more about NWBC, visit www.nwbc.gov.