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HR 6348 116th Congress House Commerce Accounting and auditing Administrative remedies Business expenses Business records Congressional oversight Department of Commerce Government Accountability Office (GAO) Government information and archives Minority and disadvantaged businesses

To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.

Introduced: March 23, 2020 Introduced by: Garcia, Sylvia R. Democratic · Texas See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 2020
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.
Mar 23, 2020
Introduced in House
 Plain-English summary Congressional Research Service

This bill requires the Minority Business Development Agency to award a grant to fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, which provides equity capital to invest in minority- and women-owned businesses.

Interest earned on grant funds deposited into an interest-bearing account may be obligated and expended to carry out the grant's purposes.

The Government Accountability Office shall carry out a biennial audit of the initiative and issue a report to Congress and the Minority Business Development Agency.

What's happening now March 23, 2020

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.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1