The U.S. Small Business Administration (SBA) is making corrections to regulations regarding the certification of Women-Owned Small Business Concerns (WOSBs) and Economically Disadvantaged Women-Owned Small Business Concerns (EDWOSBs). These changes, published in the Federal Register, include adjustments to incorrectly transposed dates and clarifications in examples to accurately reflect the application of new rules. SBA or third-party certifiers will conduct program examinations every three years after a business's initial certification or last program examination. This correction ensures that WOSBs and EDWOSBs meet all program requirements consistently.
Simple Explanation
The U.S. Small Business Administration (SBA) is fixing some rules they made earlier about making sure certain businesses owned by women follow fair rules. These businesses need to prove they are run by women and checked every three years, so everything stays fair and right.