[Congressional Record Volume 164, Number 181 (Thursday, November 15, 2018)]
[Senate]
[Pages S7056-S7057]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   SENATE RESOLUTION 693--CELEBRATING OCTOBER 25, 2018, AS THE 30TH 
  ANNIVERSARY OF THE PASSAGE OF THE WOMEN'S BUSINESS OWNERSHIP ACT OF 
  1988, WHILE COMMENDING THE UNIQUE ENTREPRENEURIAL SPIRIT SHARED BY 
            WOMEN SMALL BUSINESS OWNERS OF THE UNITED STATES

  Mr. RISCH (for himself, Mr. Cardin, Mr. Boozman, Ms. Duckworth, Mrs.

[[Page S7057]]

Capito, Mrs. Shaheen, Mr. Cassidy, Ms. Heitkamp, Ms. Collins, Mrs. 
Feinstein, Mr. Crapo, Mr. Booker, Mr. Daines, Mr. Markey, Mrs. Fischer, 
Ms. Cantwell, Mr. Hatch, Mr. Coons, Mr. Hoeven, Ms. Harris, Mrs. Hyde-
Smith, Ms. Hirono, Mr. Kennedy, Mr. Wyden, Mr. Rounds, Ms. Klobuchar, 
Mr. Rubio, Mr. Scott, and Ms. Hassan) submitted the following 
resolution; which was considered and agreed to:

                              S. Res. 693

       Whereas, on October 25, 1988, President Ronald Reagan 
     signed the Women's Business Ownership Act of 1988 (Public Law 
     100-533; 102 Stat. 2689) into law;
       Whereas there are nearly 10,000,000 women-owned businesses 
     in the United States;
       Whereas women-owned businesses employ more than 8,400,000 
     people of the United States;
       Whereas the number of women-owned businesses grew by 45 
     percent between 2007 and 2016;
       Whereas women-owned businesses generate nearly 
     $1,500,000,000,000 in sales annually; and
       Whereas the Women's Business Ownership Act of 1988 (Public 
     Law 100-533; 102 Stat. 2689)--
       (1) empowered women entrepreneurs to independently pursue 
     access to capital;
       (2) provided Federal assistance to women-owned small 
     businesses through demonstration projects under the Small 
     Business Administration, a precursor to the women's business 
     center program established in 1997;
       (3) established the National Women's Business Council; and
       (4) required the Census Bureau to report on women-owned C 
     corporations: Now, therefore, be it
       Resolved, That the Senate--
       (1) recognizes the important contribution women 
     entrepreneurs make to the economy of the United States;
       (2) celebrates the unique entrepreneurial spirit of women 
     small business owners in the United States;
       (3) recognizes the importance of access to capital in the 
     formation of small businesses; and
       (4) commemorates the 30th anniversary of the passage of the 
     Women's Business Ownership Act of 1988 (Public Law 100-533; 
     102 Stat. 2689).

                          ____________________