United States · Bill · HR
H.R. 6348 (116th)
To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.
Introduced
23 March 2020
Last action
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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
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
This bill requires the Minority Business Development Agency to award a grant to fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, which provides equity capital to invest in minority- and women-owned businesses. Interest earned on grant funds deposited into an interest-bearing account may be obligated and expended to carry out the grant's purposes. The Government Accountability Office shall carry out a biennial audit of the initiative and issue a report to Congress and the Minority Business Development Agency.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 23 March 2020
Introduced in House (PDF)
Introduced in House · EN · 23 March 2020
Introduced in House
summary · EN · 23 March 2020
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/house-bill/6348
- Open data entity: https://api.congress.gov/v3/bill/116/hr/6348