Minority Business Development Act of 2019
- Last Action
- 2/28/2019
Actions
- 2019-02-28Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2019-02-28Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2019-02-28Introduced in House
- 2019-02-28Introduced in House
CRS Summary
As of 2019-02-28 (00)
Minority Business Development Act of 2019
This bill permanently authorizes the Minority Business Development Administration to assist socially and economically disadvantaged business concerns.
Specifically, the bill redesignates the Minority Business Development Agency as the Minority Business Development Administration (MBDA). The MBDA shall (1) assist disadvantaged business concerns entering domestic and foreign markets by providing education and training, management and technological assistance, a skilled labor pool, and financial and marketing services; and (2) encourage such businesses to establish joint ventures and projects among themselves or in cooperation with public or private sector organizations.
In addition, the Securities and Exchange Commission must consult and cooperate with the MBDA to promote access by disadvantaged businesses to securities markets.
Cosponsors (18)
- Nanette Barragan (D-CA)
- Judy Chu (D-CA)
- BOBBY RUSH (D-IL)
- DON YOUNG (R-AK)
- Brendan Boyle (D-PA)
- Gilbert Cisneros (D-CA)
- Jenniffer Gonzalez-Colon (R-PR)
- GRACE NAPOLITANO (D-CA)
- Debra Haaland (D-NM)
- Dwight Evans (D-PA)
- Karen Bass (D-CA)
- Grace Meng (D-NY)
- Aumua Amata Radewagen (R-AS)
- Steve Cohen (D-TN)
- Joyce Beatty (D-OH)
- Lizzie Fletcher (D-TX)
- Andy Kim (D-NJ)
- Chrissy Houlahan (D-PA)
Subjects
- Administrative law and regulatory procedures
- Business education
- Congressional oversight
- Department of Commerce
- Employment and training programs
- Executive agency funding and structure
- Government studies and investigations
- Higher education
- Minority and disadvantaged businesses
- Minority education
- Racial and ethnic relations
- Securities
- Small business
- State and local government operations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.