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Strengthening Minority Business Support: Access to Capital and Economic Resilience.

This Act formalizes and expands the Minority Business Development Agency (MBDA), ensuring minority business owners gain improved access to capital, contracts, and essential business development services. The goal is to boost the economic resilience of these enterprises, particularly during downturns, and stimulate job creation within minority communities. At least $100 million is authorized annually to fund these programs.
Key points
Statutory establishment of the Minority Business Development Agency (MBDA) within the Department of Commerce to exclusively focus on minority business enterprises (MBEs).
Expansion and formalization of MBDA Business Centers providing technical assistance, counseling, and facilitating access to financing and government contracts nationwide.
Creation of new grant programs and dedicated Rural Minority Business Centers to address the unique challenges faced by MBEs in rural areas.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_2689
Sponsor: Rep. Green, Al [D-TX-9]
Process start date: 2021-04-20
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OFFICIAL LEGAL TITLE

Minority Business Resiliency Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2689.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-20.

What are the main provisions?

Key points include:

  • Statutory establishment of the Minority Business Development Agency (MBDA) within the Department of Commerce to exclusively focus on minority business enterprises (MBEs).
  • Expansion and formalization of MBDA Business Centers providing technical assistance, counseling, and facilitating access to financing and government contracts nationwide.
  • Creation of new grant programs and dedicated Rural Minority Business Centers to address the unique challenges faced by MBEs in rural areas.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Green, Al [D-TX-9].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Labor Education