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S. 4208 116th Congress Senate

Minority Business Resiliency Act of 2020

Official title: A bill to require the Minority Business Development Agency of the Department of Commerce to promote and administer programs in the public and private sectors t… Show full official titleShow less

Official title: A bill to require the Minority Business Development Agency of the Department of Commerce to promote and administer programs in the public and private sectors to assist the development of minority business enterprises, to ensure that such Agency has the necessary supporting resources, particularly during economic downturns, and for other purposes.

Introduced: July 2, 2020 See on congress.gov
Commerce Accounting and auditingAppropriationsBusiness educationBusiness investment and capital
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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
Jul 2, 2020
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Jul 2, 2020
Introduced in Senate
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 Latest action July 2, 2020

Read twice and referred to the Committee on Commerce, Science, and Transportation.

 Plain-English summary Congressional Research Service

Minority Business Resiliency Act of 2020

This bill permanently authorizes the Minority Business Development Agency and provides additional funding for the agency to assist minority businesses affected by COVID-19 (i.e., coronavirus disease 2019).

Specifically, the bill requires the agency to (1) promote and administer minority business development programs in the public and private sectors, and (2) carry out programs that increase access to capital, management, and technology for such businesses. The bill provides statutory authority for the agency's existing initiatives. Such initiatives include the Minority Business Development Center Program, which is a national network of public-private partnerships that assist, provide counseling and mentoring to, and facilitate the growth of minority businesses.

The bill also establishes new initiatives to promote resiliency for minority businesses, such as (1) an annual government-business forum to review the status of problems and programs relating to capital formation by minority businesses, (2) an agency study on opportunities to provide alternative financing solutions to minority businesses, and (3) grants to institutions of higher education for developing and implementing entrepreneurship curricula.

 Related & companion bills 2
  • HR 6869 Minority Business Resiliency Act of 2020
  • S 4818 Heroes Small Business Lifeline Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 6
D
Rosen, Jacky
Nevada · Jul 21, 2020
 D
Van Hollen, Chris
Maryland · Jul 21, 2020
 D
Booker, Cory A.
New Jersey · Jul 2, 2020
 D
Cantwell, Maria
Washington · Jul 2, 2020
 D
Cortez Masto, Catherine
Nevada · Jul 2, 2020
 D
Schumer, Charles E.
New York · Jul 2, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4208: Minority Business Resiliency Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-4208/
MLA
"S. 4208: Minority Business Resiliency Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4208/.
Bluebook (legal)
S. 4208, 116th Cong. (2026), https://openamerica.io/bill/116-S-4208/.
Markdown link
[S. 4208: Minority Business Resiliency Act of 2020](https://openamerica.io/bill/116-S-4208/)
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