3.0.0 4208 2023-01-11T13:45:39Z 2023-01-11T13:45:39Z Senate S 2020-07-02 116 sscm00 Commerce, Science, and Transportation Committee Senate Standing Referred to 2020-07-02T21:02:11Z Minority Business Resiliency Act of 2020 116 6869 HR 2020-05-14 Referred to the Committee on Financial Services, and in addition to the Committees on the Budget, and 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. Related bill CRS Heroes Small Business Lifeline Act 116 4818 S 2020-12-10 Committee on Small Business and Entrepreneurship. Hearings held. Related bill CRS 2020-07-02 sscm00 Commerce, Science, and Transportation Committee Senate Read twice and referred to the Committee on Commerce, Science, and Transportation. IntroReferral 2020-07-02 Introduced in Senate IntroReferral 10000 9 Library of Congress C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD N C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2020-07-02 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2020-07-02 True H001075 Sen. Harris, Kamala D. [D-CA] Kamala Harris D CA D. 2020-07-02 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2020-07-02 True C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2020-07-02 True R000608 Sen. Rosen, Jacky [D-NV] Jacklyn Rosen D NV 2020-07-21 False V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2020-07-21 False Commerce Accounting and auditing Appropriations Business education Business investment and capital Cardiovascular and respiratory health Community life and organization Competitiveness, trade promotion, trade deficits Congressional oversight Department of Commerce Economic performance and conditions Education programs funding Emergency medical services and trauma care Executive agency funding and structure Federal officials Government information and archives Government studies and investigations Higher education Infectious and parasitic diseases Marketing and advertising Minority and disadvantaged businesses Public contracts and procurement Public-private cooperation Teaching, teachers, curricula User charges and fees Commerce 00 2020-07-02 Introduced in Senate 2020-07-27T17:31:14Z 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.

]]> Minority Business Resiliency Act of 2020 Display Title Minority Business Resiliency Act of 2020 Short Title(s) as Introduced Minority Business Resiliency Act of 2020 Introduced in Senate IS Official Title as Introduced 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 in Senate IS Introduced in Senate 2020-07-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4208is/xml/BILLS-116s4208is.xml 2020-07-02 Read twice and referred to the Committee on Commerce, Science, and Transportation. 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.