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H.R. 4405, Women’s Business Centers Improvements Act of 2019 (CBO Report for Congress)

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Congress 116th
Date Requested Oct. 21, 2019
Date Sent Nov. 20, 2019
Description:
H.R. 4405 would authorize the appropriation of $31.5 million each year through 2023 for the Women Business Centers program, administered by the Small Business Administration. That program distributes grants to centers that provide counseling and training to women-owned businesses. In 2019, $18.5 million was allocated for those purposes. H.R. 4405 would expand eligibility, raise the grant maximum, and permit grantees to use funds to cover the costs of soliciting nonfederal matching dollars. Assuming appropriation of the authorized amounts, and based on historical spending patterns, CBO estimates that implementing the program would cost $101 million over the 2020-2024 period. The costs of the legislation, detailed in Table 1, fall within budget function 370 (commerce and housing credit).

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