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Expanding Business Support Centers for Diverse Entrepreneurs Near Colleges.

This law expands access to federal business support centers for minority entrepreneurs. These centers will now be specifically located in or near Historically Black Colleges and Universities (HBCUs) and other minority-serving institutions. This provides more advice, training, and financial resources for individuals in these communities looking to start or grow their own businesses, while securing long-term program funding.
Key points
Federal business support centers (MBDA) must now be established in areas near minority-serving institutions, including HBCUs.
Secures $125 million in annual funding for these support centers starting in fiscal year 2025.
Increases access to business advice and resources for diverse students and graduates starting entrepreneurial ventures.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_8984
Sponsor: Rep. Nickel, Wiley [D-NC-13]
Process start date: 2024-07-10
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Supporting Diverse Entrepreneurs Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8984.

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 2024-07-10.

What are the main provisions?

Key points include:

  • Federal business support centers (MBDA) must now be established in areas near minority-serving institutions, including HBCUs.
  • Secures $125 million in annual funding for these support centers starting in fiscal year 2025.
  • Increases access to business advice and resources for diverse students and graduates starting entrepreneurial ventures.
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. Nickel, Wiley [D-NC-13].

What is the latest detailed status?

The latest detailed status is: Sponsor introductory remarks on measure. (CR H4612)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

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