Minority Business Resiliency Act of 2021
Latest action · Jun 23, 2021 Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 20, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Minority Business Resiliency Act of 2021
This bill permanently authorizes the Minority Business Development Agency (MBDA) and requires the MBDA to promote and administer programs that assist the development of minority business enterprises (MBEs).
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 (1) certain nonprofit organizations that provide services to MBEs as one of their primary activities, and (2) MBEs for the purpose of supporting MBEs or helping MBEs remain in business.
The Government Accountability Office must report on the programs carried out pursuant to the bill.
Cosponsors 18
Members who signed on, in the order they did. Signatures ran from Apr 20, 2021 to Sep 2, 2022; 8 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Brad Sherman | Original | Apr 20, 2021 |
| D-WA | Derek Kilmer | Original | Apr 20, 2021 |
| D-CO | Ed Perlmutter | Original | Apr 20, 2021 |
| D-MO | Emanuel Cleaver | Original | Apr 20, 2021 |
| D-CT | James A. Himes | Original | Apr 20, 2021 |
| D-OH | Joyce Beatty | Original | Apr 20, 2021 |
| D-CA | Judy Chu | Original | Apr 20, 2021 |
| D-MD | Kweisi Mfume | Original | Apr 20, 2021 |
| D-WA | Marilyn Strickland | Jun 16, 2021 | |
| D-FL | Al Lawson, Jr. | Jul 1, 2021 | |
| D-GA | Nikema Williams | Jul 1, 2021 | |
| D-NY | Ritchie Torres | Jul 1, 2021 | |
| D-TX | Sylvia R. Garcia | Jul 1, 2021 | |
| D-NY | Joseph D. Morelle | Nov 4, 2021 | |
| D-TX | Lizzie Fletcher | Nov 17, 2021 | |
| D-GA | Lucy McBath | Dec 9, 2021 | |
| D-NM | Melanie A. Stansbury | Apr 1, 2022 | |
| D-AZ | Ruben Gallego | Sep 2, 2022 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Apr 20, 2021Markup Jun 23, 2021 |
| House | Small Business Committee | Referred Apr 20, 2021 |
Actions 4
Everything that happened, newest first.
- Jun 23, 2021Committee Consideration and Mark-up Session Held.
- Jun 23, 2021Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23.
- Apr 20, 2021Introduced in House
- Apr 20, 2021Referred 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.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 167, no. 68, April 20, 2021, page H1999.
CRS reports 2
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 2
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| IF12845 | The Minority Business Development Agency’s Rural Business Center Program | Resource | Dec 11, 2024 |
| R46816 | The Minority Business Development Agency: An Overview of Its History and Programs | Report | Jun 6, 2024 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1255 | Minority Business Resiliency Act of 2021 | Identical bill | Apr 20, 2021 |
| S 1749 | Reaching America's Rural Minority Businesses Act of 2021 | Related bill | May 20, 2021 |
| S 2068 | Minority Business Development Act of 2021 | Related bill | Dec 17, 2021 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require the Minority Business Development Agency of the Department of Commerce to promote and administer programs in the public and private sectors to assist the development of minority business enterprises, to ensure that such Agency has the necessary supporting resources, particularly during economic downturns, and for other purposes.
- Short Title(s) as Introduced
- Minority Business Resiliency Act of 2021
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Accounting and auditing
- Business education
- Business investment and capital
- Commerce
- Community life and organization
- Competitiveness, trade promotion, trade deficits
- Congressional oversight
- Department of Commerce
- Economic performance and conditions
- Education programs funding
- Employee hiring
- Executive agency funding and structure
- Federal officials
- Government information and archives
- Government studies and investigations
- Higher education
- Internet and video services
- Internet, web applications, social media
- Manufacturing
- Marketing and advertising
- Minority and disadvantaged businesses
- Public contracts and procurement
- Public-private cooperation
- Rural conditions and development
- Small business
- Social work, volunteer service, charitable organizations
- Tax-exempt organizations
- Teaching, teachers, curricula
- User charges and fees
Text 1
Each version as it was printed, newest first.
- Apr 20, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
