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United States · Bill · HR

H.R. 4499 (118th)

IDEA Act of 2023

referredUnited States· United States Congress· EN

Introduced

6 July 2023

Last action

6 July 2023 · Introduced

Status

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.

Sponsors

Haley Stevens, Rep. Beatty, Joyce [D-OH-3], Rep. Fletcher, Lizzie [D-TX-7], Rep. Magaziner, Seth [D-RI-2]

Subjects

Discovery layer

Source updated

24 July 2024

Official sourceDownload fileView documentsShare

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 July 2023

    Introduced

    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.

    Source: IntroReferral

  2. 6 July 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 6 July 2023

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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Sponsors

Related records

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Sources

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