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United States · Bill · S

S. 2068 (117th)

Minority Business Development Act of 2021

openUnited States· United States Congress· EN

Introduced

15 June 2021

Last action

17 December 2021 · Reported

Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 228.

Sponsors

Sen. Cardin, Benjamin L. [D-MD], Sen. Scott, Tim [R-SC], Sen. Cantwell, Maria [D-WA], Sen. Wicker, Roger F. [R-MS], Sen. Baldwin, Tammy [D-WI], Sen. Cornyn, John [R-TX]

Subjects

Education

Source updated

14 January 2025

Education

Official sourceDownload fileView documentsShare

Summary

Minority Business Development Act of 2021 This bill permanently authorizes the Minority Business Development Agency (MBDA), requires the MBDA to promote and administer programs that assist the development of minority business enterprises (MBEs), and establishes the Minority Business Enterprises Advisory Council to advise and assist the MBDA. Specifically, the bill requires the MBDA to (1) provide assistance to MBEs in domestic and foreign markets by making available specified resources, (2) promote the position of MBEs in local economies, and (3) collect data on the causes of MBE success or failure and research how economic conditions affect the development of MBEs. The bill establishes formal processes for the MBDA Business Center Program and the MBDA Rural Business Center Program through which business centers provide programs and services to support MBEs. The bill also establishes new initiatives to promote economic resiliency for minority businesses, including (1) an annual forum to review problems and programs relating to capital formation by MBEs, (2) a study and report on alternative financing solutions for MBEs, and (3) entrepreneurship education grants for certain institutions of higher education to develop and implement entrepreneurship curricula. Further, the bill establishes grants for certain nonprofit organizations that provide services to MBEs as one of their primary activities. The bill authorizes the MBDA to coordinate federal government programs and operations that affect the establishment, preservation, and strengthening of socially or economically disadvantaged businesses. The Government Accountability Office must report on the programs carried out pursuant to the bill.

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

Timeline

  1. 15 June 2021

    Introduced

    Read twice and referred to the Committee on Commerce, Science, and Transportation.

    Source: IntroReferral

  2. 15 June 2021

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 4 August 2021

    Reported

    Committee on Commerce, Science, and Transportation. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Source: Committee

  4. 17 December 2021

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 228.

    Source: Calendars

  5. 17 December 2021

    Reported

    Committee on Commerce, Science, and Transportation. Reported by Senator Cantwell with an amendment in the nature of a substitute. Without written report.

    Source: Committee

  6. 17 December 2021

    Reported

    Committee on Commerce, Science, and Transportation. Reported by Senator Cantwell with an amendment in the nature of a substitute. Without written report.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported to Senate (text)

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  • Reported to Senate (text)

    Reported to Senate · EN · 17 December 2021

    ViewDownloadOpen at official source

  • Reported to Senate (PDF)

    Reported to Senate · EN · 17 December 2021

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  • Reported to Senate

    summary · EN · 17 December 2021

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 15 June 2021

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 15 June 2021

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  • Introduced in Senate

    summary · EN · 15 June 2021

    Open at official source

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Sponsors

Related records

Sources

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