Legis Daily

IDEA Act of 2021

USA117th CongressHR-5006| House 
| Updated: 8/10/2021
Haley M. Stevens

Haley M. Stevens

Democratic Representative

Michigan

Small Business Committee, Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Increasing and Developing Entrepreneurship Access Act of 2021 or the IDEA Act of 2021 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.
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Timeline

Bill from Previous Congress

HR 116-7890
IDEA Act

Bill from Previous Congress

HR 116-4075
IDEA Act
Apr 29, 2021

Latest Companion Bill Action

S 117-632
Committee on the Judiciary. Ordered to be reported with an amendment in the nature of a substitute favorably.
Aug 10, 2021
Introduced in House
Aug 10, 2021
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.
  • Bill from Previous Congress

    HR 116-7890
    IDEA Act


  • Bill from Previous Congress

    HR 116-4075
    IDEA Act


  • April 29, 2021

    Latest Companion Bill Action

    S 117-632
    Committee on the Judiciary. Ordered to be reported with an amendment in the nature of a substitute favorably.


  • August 10, 2021
    Introduced in House


  • August 10, 2021
    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

IDEA Act of 2021

USA117th CongressHR-5006| House 
| Updated: 8/10/2021
Increasing and Developing Entrepreneurship Access Act of 2021 or the IDEA Act of 2021 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-7890
IDEA Act

Bill from Previous Congress

HR 116-4075
IDEA Act
Apr 29, 2021

Latest Companion Bill Action

S 117-632
Committee on the Judiciary. Ordered to be reported with an amendment in the nature of a substitute favorably.
Aug 10, 2021
Introduced in House
Aug 10, 2021
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.
  • Bill from Previous Congress

    HR 116-7890
    IDEA Act


  • Bill from Previous Congress

    HR 116-4075
    IDEA Act


  • April 29, 2021

    Latest Companion Bill Action

    S 117-632
    Committee on the Judiciary. Ordered to be reported with an amendment in the nature of a substitute favorably.


  • August 10, 2021
    Introduced in House


  • August 10, 2021
    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.
Haley M. Stevens

Haley M. Stevens

Democratic Representative

Michigan

Small Business Committee, Financial Services Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted