§7108. Definitions

15 U.S.C. § 7108

For purposes of this chapter—

(1)

the term “Administration” means the Small Business Administration;

(2)

the term “Administrator” means the Administrator of the Small Business Administration;

(3)

the term “control” means exercising the power to make policy decisions concerning a business;

(4)

the term “Council” means the National Women’s Business Council, established under section 7105 of this title;

(5)

the term “Interagency Committee” means the Interagency Committee on Women’s Business Enterprise, established under section 7101 of this title;

(6)

the term “operate” means being actively involved in the day-to-day management of a business;

(7)

the term “women’s business enterprise” means—

(A)

a business or businesses owned by a woman or a group of women; or

(B)

the establishment, maintenance, or development of a business or businesses by a woman or a group of women; and

(8)

the term “women-owned business” means a small business which a woman or a group of women—

(A)

control and operate; and

(B)

own not less than 51 percent of the business.

Notes, amendments, and revision history

(Pub. L. 100–533, title IV, § 408, as added Pub. L. 103–403, title IV, § 413, Oct. 22, 1994, 108 Stat. 4197.)