Advocacy News

H.R. 5050 - The Bill that Changed it All

Spotlight on H.R. 5050 The Bill That Changed Everything for Women Business Owners


NAWBO provides a platform for women business owners to come together as one voice that translates into a formidable economic force and an effective agent for change in the business environment.  On the national level, NAWBO represents small and women-owned businesses through Congressional testimony, public policy conferences and member education.  

Through NAWBO Greater Raleigh, women business owners in the Triangle can take an active role in communicating their business issues to our Federal, state, and local legislators through the following activities:

  • Annual public policy luncheon: This annual luncheon provides an up close and interactive forum for chapter members to meet with influential leaders in public policy.  Past luncheons have featured Elaine Marshall, NC Secretary of State; Janet Cowell, now NC State Treasurer; Raleigh Mayor Charles Meeker; and a number of our state representatives.
  • NAWBO National Public Policy Days:  Each year NAWBO Greater Raleigh members join with other NAWBO members from across the country in DC to discuss best practices, learn more about current legislation, and lobby our Federal Representatives and Senators on issues related to women-owned and small business.
  • Women Impacting Public Policy (WIPP) Instant Impact Team:  NAWBO Greater Raleigh members are invited to participate in North Carolina's Instant Impact Team, one of the first in the country. The team focuses on issues for women-owned business in North Carolina as well as nationally. 
  • Greater Raleigh Chapter Day at the State Legislature: With our state legislators meeting right in our backyard, the Greater Raleigh members take a day each year to go to the Legislative building for face-to-face meetings with our Representatives and Senators.

Announcements and Alerts

As a part of the overall effort to stimulate the economy, the new Administration has launched several key initiatives to aid small businesses, including but not limited to:

  • A $15 billion commitment by the Treasury Department to help unlock the secondary markets for small business loans to ease the credit crunch
  • Immediate implementation of two key provisions that will temporarily eliminate certain Small Business Administration loan fees and raise guarantee levels on some loans to prompt lenders to re-engage with small business owners in need of capital 
  • Guidance from the IRS for an expanded “carryback” provision that will offer many small businesses tax refunds  

Policies and Positions
NAWBO has focused on public policy issues of national and statewide interest impacting women entrepreneurs and small businesses since 1975. By attending White House events, providing Congressional testimony, holding advocacy conferences, developing reports, and educating members, NAWBO has consistently brought the concerns of women business owners to our lawmakers in Washington, D.C.

In 1988, NAWBO played a key role in the passage of The Women's Business Ownership Act, also known as H.R. 5050. This landmark legislation allowed women to receive business loans without the co-signature of a male relative. H.R. 5050 also created the National Women's Business Council, a body of women entrepreneurs and women's organizations that provides counsel to the President and Congress.

Increased Federal Procurement for Women Business Owners
Currently, only three percent of federal contracts go to women-owned businesses. NAWBO is strongly advocating raising that number to the five percent minimum established in 1994. 

Access to Affordable Health Care
NAWBO supports affordable health insurance offerings for small businesses that will lower costs and promote multi-year predictability for women business owners and their employees.

Fair and Equitable Tax Treatment for Small Businesses
Legislation should be enacted to ensure tax equity and basic fairness for all forms of small business organizations. The privilege of deducting legitimate business expenses should no longer be based upon the entity chosen to operate the business. 

Legislative Action
NAWBO takes strategic stands on the latest legislative issues affecting women business owners. The Legislative Action Center puts bold action at the fingertips of each NAWBO member, delivering the latest policy briefs into member in-boxes and providing meaningful contact with elected officials with just one click.

NAWBO provides a platform for women business owners to come together as one voice. That voice translates into a formidable economic force and an effective agent for change in the business environment. 

Visit the National NAWBO Legislative Action Center to get current information on Elected Officials, Issues and Legislation providing current legislation, key votes, and communication basics, and Election Guides with information down to the local level. 

For information about the North Carolina Legislature, visit the North Carolina General Assembly Web site.

Other useful sites for North Carolina businesses:

NC Secretary of State 

NC Department of Revenue 

NC Department of Commerce

Connect with Us: