HR 4343 111th Congress House Commerce Department of Commerce Executive agency funding and structure Government lending and loan guarantees Minority and disadvantaged businesses Public contracts and procurement

Minority Business Development Improvements Act of 2009

Introduced: December 16, 2009 See on congress.gov

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Sep 22, 2010

Subcommittee Hearings Held.

Sep 22, 2010

Referred to the Subcommittee on Government Management, Organization, and Procurement.

Dec 16, 2009

Referred to House Oversight and Government Reform

Dec 16, 2009

Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, 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.

Dec 16, 2009

Referred to House Financial Services

Dec 16, 2009

Introduced in House

Plain-English summary Congressional Research Service

Minority Business Development Improvements Act of 2009 - Requires the Director of the Minority Business Development Agency to establish the Minority Business Development Program to provide qualified minority businesses with technical assistance, loan guarantees, and contract procurement assistance. Outlines minority business qualification requirements for the Program, including that: (1) not less than 51% of the entity be directly and unconditionally owned by historically disadvantaged individuals; and (2) each officer or other individual exercising control over regular operations is a historically disadvantaged individual. Outlines specific types of technical assistance and loan guarantees authorized under the Program. Provides loan guarantee limits.

Authorizes the Director to enter into agreements for the fulfillment of federal procurement contracts by, and contracting opportunities for, qualified minority businesses. Provides contract limits.

Allows the Director to terminate a qualified minority business from the Program under specified circumstances.

What's happening now September 22, 2010

Subcommittee Hearings Held.

Committees of jurisdiction 3