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

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

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

Committees of jurisdiction 2