3.0.0 4499 2024-07-24T15:21:08Z 2024-07-24T15:21:08Z House H HR 2023-07-06 118 [Congressional Record Volume 169, Number 116 (Thursday, July 6, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. STEVENS:H.R. 4499.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 18 of the UnitedStates Constitution.The single subject of this legislation is:Minority owned businesses[Page H3173]]]> hssm00 Small Business Committee House Standing Referred to 2023-07-06T16:00:10Z hsba00 Financial Services Committee House Standing Referred to 2023-07-06T16:00:05Z 2023-07-06 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. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2023-07-06 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-07-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-07-06 Introduced in House IntroReferral 1000 9 Library of Congress S001215 Rep. Stevens, Haley M. [D-MI-11] Haley Stevens D MI M. 11 N B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2023-07-06 True F000468 Rep. Fletcher, Lizzie [D-TX-7] Lizzie Fletcher D TX 7 2023-09-13 False M001223 Rep. Magaziner, Seth [D-RI-2] Seth Magaziner D RI 2 2023-10-18 False Commerce Commerce 2023-08-08T14:45:23Z 00 2023-07-06 Introduced in House 2023-09-18T19:09:34Z 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.

]]> IDEA Act of 2023 Display Title 45 IDEA Act of 2023 2024-07-24T15:21:08Z Short Title(s) as Introduced 101 IDEA Act of 2023 2024-05-24T13:37:57Z Introduced in House IH Short Title(s) as Introduced 101 Increasing and Developing Entrepreneurship Access Act of 2023 2024-05-24T13:37:57Z Introduced in House IH Official Title as Introduced 6 To establish a grant program to provide minority business enterprises access to entrepreneurship opportunities, and for other purposes. 2024-03-18T21:06:14Z Introduced in House IH Introduced in House 2023-07-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4499ih/xml/BILLS-118hr4499ih.xml 2023-07-06 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. 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.