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S. 5011 116th Congress Senate

Economic Empowerment for Underserved Communities Act

Official title: A bill to codify the Minority Business Development Agency of the Department of Commerce, and for other purposes.

Introduced: December 11, 2020 See on congress.gov
Commerce Bank accounts, deposits, capitalBusiness investment and capitalCardiovascular and respiratory healthDepartment of Commerce
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Economic developmentEconomic performance and conditionsEmergency medical services and trauma careExecutive agency funding and structureFederal officialsGovernment corporations and government-sponsored enterprisesGovernment lending and loan guaranteesIncome tax creditsIncome tax ratesInfectious and parasitic diseasesInflation and pricesManufacturingMinority and disadvantaged businessesPoverty and welfare assistanceRacial and ethnic relationsReligionSecuritiesSmall business
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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
Dec 11, 2020
Read twice and referred to the Committee on Finance.
Dec 11, 2020
Introduced in Senate
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 Latest action December 11, 2020

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Economic Empowerment for Underserved Communities Act

This bill provides economic assistance to small businesses impacted by COVID-19 (i.e., coronavirus disease 2019), including through (1) the designation of specified amounts for the Community Development Financial Institutions Fund, (2) the establishment of a Small Business and Domestic Production Recovery Investment Facility, and (3) the extension of the requirement that the Small Business Administration subsidize certain loan payments.

 Related & companion bills 2
  • HR 8120 Increasing Opportunities for Small Businesses Act of 2020
  • S 750 New Markets Tax Credit Extension Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Crapo, Mike
Idaho · Dec 11, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 5011: Economic Empowerment for Underserved Communities Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-5011/
MLA
"S. 5011: Economic Empowerment for Underserved Communities Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-5011/.
Bluebook (legal)
S. 5011, 116th Cong. (2026), https://openamerica.io/bill/116-S-5011/.
Markdown link
[S. 5011: Economic Empowerment for Underserved Communities Act](https://openamerica.io/bill/116-S-5011/)
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