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To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.

USA116th CongressHR-6348| House 
| Updated: 3/23/2020
Sylvia R. Garcia

Sylvia R. Garcia

Democratic Representative

Texas

Cosponsors (1)
Maxine Waters (Democratic)

Small Business Committee, Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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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Timeline
Mar 23, 2020
Introduced in House
Mar 23, 2020
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.
  • March 23, 2020
    Introduced in House
  • March 23, 2020
    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.

Commerce

Related Bills

  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6321: Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
Accounting and auditingAdministrative remediesBusiness expensesBusiness recordsCongressional oversightDepartment of CommerceGovernment Accountability Office (GAO)Government information and archivesMinority and disadvantaged businesses

To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.

USA116th CongressHR-6348| House 
| Updated: 3/23/2020
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.
View Full Text

Suggested Questions

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Timeline
Mar 23, 2020
Introduced in House
Mar 23, 2020
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.
  • March 23, 2020
    Introduced in House
  • March 23, 2020
    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.
Sylvia R. Garcia

Sylvia R. Garcia

Democratic Representative

Texas

Cosponsors (1)
Maxine Waters (Democratic)

Small Business Committee, Financial Services Committee

Commerce

Related Bills

  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6321: Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingAdministrative remediesBusiness expensesBusiness recordsCongressional oversightDepartment of CommerceGovernment Accountability Office (GAO)Government information and archivesMinority and disadvantaged businesses