House Bill 6348 - To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.

Purpose and Summary

Chamber: House

Introduced date: 2020-03-23

Recent Activity

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.

Alternative Names

To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.

To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.

Associated Legislation

Workforce Emergency Response Act of 2020

Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act

Policy Areas

Commerce

Potential Impact

Accounting and auditing

Administrative remedies

Business expenses

Business records

Congressional oversight

Department of Commerce

Government Accountability Office (GAO)

Government information and archives

Minority and disadvantaged businesses

Sponsors and Supporters

Rep. Garcia, Sylvia R. [D-TX-29]

Cosponsors and Supporters

Rep. Waters, Maxine [D-CA-43]

Committees and Subcommittees

Small Business Committee

Financial Services Committee

Variations and Revisions

To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.

2/9/2022, 3:11 AM

This bill requires the Minority Business Development Agency to award a grant to fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, which provides equity capital to invest in minority- and women-owned businesses.<...

Congress
116
Number
HR - 6348
Introduced on
2020-03-23
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/23/2020
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This bill requires the Minority Business Development Agency to award a grant to fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, which provides equity capital to invest in minority- and women-owned businesses.<...

Alternative Names
Official Title as IntroducedTo fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.
Policy Areas
Commerce
Potential Impact
Accounting and auditing•
Administrative remedies•
Business expenses•
Business records•
Congressional oversight•
Department of Commerce•
Government Accountability Office (GAO)•
Government information and archives•
Minority and disadvantaged businesses

Comments

Recent Activity

Latest Summary4/17/2020

This bill requires the Minority Business Development Agency to award a grant to fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, which provides equity capital to invest in minority- and women-owned businesses.<...

Latest Action3/23/2020
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 c...