Bill > HR1432

Introduced Session

To establish a Minority Business Development Administration in the Department of Commerce, to clarify the relationship between such Administration and the Small Business Administration, and for other purposes. 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.

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Committee Categories

Jerry McNerney (D)*,  Nanette Barragán (D),  Karen Bass (D),  Joyce Beatty (D),  Brendan Boyle (D),  Judy Chu (D),  Gil Cisneros (D),  Steve Cohen (D),  Dwight Evans (D),  Lizzie Fletcher (D),  Jenniffer González (R),  Debra Haaland (D),  Chrissy Houlahan (D),  Andy Kim (D),  Grace Meng (D),  Grace Napolitano (D),  Amata Radewagen (R),  Bobby Rush (D),  Don Young (R), 

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. (on 02/28/2019)

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