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HR 1432 116th Congress House Commerce 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

Minority Business Development Act of 2019

Introduced: February 28, 2019 See on congress.gov
This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 2019
Referred 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.
Feb 28, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now February 28, 2019

Referred 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1432: Minority Business Development Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-1432/
MLA
"H.R. 1432: Minority Business Development Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-1432/.
Bluebook (legal)
H.R. 1432, 116th Cong. (2026), https://openamerica.io/bill/116-HR-1432/.
Markdown link
[H.R. 1432: Minority Business Development Act of 2019](https://openamerica.io/bill/116-HR-1432/)
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