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HR 4499 118th Congress House Commerce

IDEA Act of 2023

Introduced: July 6, 2023 Introduced by: Stevens, Haley M. Democratic · Michigan See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 6, 2023
Introduced in House
Jul 6, 2023
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.
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 Plain-English summary Congressional Research Service

Increasing and Developing Entrepreneurship Access Act of 2023 or the IDEA Act of 2023

This bill requires the Minority Business Development Agency (MBDA) to establish a grant program to provide entrepreneurship opportunities for minority businesses.

These grants shall be awarded to business accelerators for providing (1) capital to minority businesses, (2) networking programs that connect such businesses to sources of capital and innovation, and (3) other appropriate assistance.

The MBDA must submit an annual report on the program that includes the number of grants provided, the number of minority businesses that have received assistance from grant recipients, and a description of any noncompliance by grant recipients.

The bill also establishes penalties (a fine or imprisonment) for a grant recipient that knowingly uses award amounts for any purpose not permitted under the program.

What's happening now July 6, 2023

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
 Cosponsors 3
All 3 Democratic 3
D
Magaziner, Seth
Rhode Island · Oct 18, 2023
 D
Fletcher, Lizzie
Texas · Sep 13, 2023
 D
Beatty, Joyce
Ohio · Jul 6, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4499: IDEA Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4499/
MLA
"H.R. 4499: IDEA Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4499/.
Bluebook (legal)
H.R. 4499, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4499/.
Markdown link
[H.R. 4499: IDEA Act of 2023](https://openamerica.io/bill/118-HR-4499/)
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