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H.R. 5050 - What is H.R. 5050 - The Women's Business Ownership Act

Thank You, NAWBO and Happy 20th Anniversary to H.R. 5050!!

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H.R. 5050 - What is H.R. 5050 - The Women's Business Ownership Act

Pres. Ronald Reagan

Courtesy White House Photo Archives
Filed in: Glossary of Bills and Laws

What is H.R. 5050: Women’s Business Ownership Act?

The Women's Business Ownership Act was passed in 1988 with the help of the National Association Women Business Owners (NAWBO) to address the needs of women in business by giving women entrepreneurs recognition, resources, and by eliminating discriminatory lending practices by banks that favored male business owners. The bill was signed into law by President Ronald Reagan.

Key Legislative Changes From H.R. 5050: Women’s Business Ownership Act

Many wonderful changes were brought about enacting H.R. 5050. Here are some highlights of changes that we can see had a direct, measurable impact on the number and success of women business owners in the U.S.:

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