3.0.0 1981 2022-11-01T13:50:53Z 2022-11-01T13:50:53Z Senate S 2019-06-26 116 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2019-06-26T15:49:52Z Women and Minority Equity Investment Act of 2019 116 3633 HR 2019-07-09 Referred to the House Committee on Small Business. Identical bill CRS 2019-06-26 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2019-06-26 Introduced in Senate IntroReferral 10000 9 Library of Congress C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA N R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2019-06-26 True Commerce Administrative law and regulatory procedures Business investment and capital Minority and disadvantaged businesses Public contracts and procurement Small Business Administration Small business Women in business Commerce 00 2019-06-26 Introduced in Senate 2020-03-23T13:48:53Z Women and Minority Equity Investment Act of 2019

This bill modifies eligibility requirements for Small Business Administration (SBA) contracting opportunities available to a woman- or minority-owned business.

Currently, to be eligible for certain SBA programs, a woman or minority business owner must own an unconditional majority (at least 51%) of their business. However, the bill allows a woman- or minority-owned small business to maintain its contracting eligibility in the event a venture capital or private equity firm purchases an ownership stake in the business, so long as the purchasing enterprise is also owned by either a woman or minority.

]]> Women and Minority Equity Investment Act of 2019 Display Title Women and Minority Equity Investment Act of 2019 Short Title(s) as Introduced Women and Minority Equity Investment Act of 2019 Introduced in Senate IS Official Title as Introduced A bill to modify the unconditional ownership requirement for women-owned and minority-owned small business concerns for purposes of procurement contracts with the Small Business Administration, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-06-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s1981is/xml/BILLS-116s1981is.xml 2019-06-26 Read twice and referred to the Committee on Small Business and Entrepreneurship. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.