It has been 30 years since the H.R. 5050: Women’s Business Ownership Act was passed, which was meant to address discriminatory practices that made it difficult for women to start their own businesses. Some of its key legislative changes, such as eliminating the need for women to have a male co-signer for a business loan and creating the National Women’s Business Council (NWBC), led to an increase in the number and success of women-owned businesses.

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