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New Grants to Boost Minority Business Access to Capital and Growth.

This law establishes a grant program designed to increase access to funding and growth opportunities for minority-owned businesses. Federal funds will be distributed through business accelerator entities, which will provide direct cash, networking, and support to eligible minority enterprises. This aims to strengthen the economy by fostering the creation and expansion of small businesses owned by minorities.
Key points
Establishes a $25 million annual grant program (2026-2030) to support minority business development.
Grants provide $1 million annually for five years to organizations that help minority businesses grow (accelerators).
Funds can be used for direct cash transfers and networking programs for qualifying minority enterprises.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5826
Sponsor: Rep. Stevens, Haley M. [D-MI-11]
Process start date: 2025-10-24
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

IDEA Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5826.

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 2025-10-24.

What are the main provisions?

Key points include:

  • Establishes a $25 million annual grant program (2026-2030) to support minority business development.
  • Grants provide $1 million annually for five years to organizations that help minority businesses grow (accelerators).
  • Funds can be used for direct cash transfers and networking programs for qualifying minority enterprises.
What is the specific legal status?

The current status is Introduced.

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. Stevens, Haley M. [D-MI-11].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Public Investments