IDEA Act of 2023

12/15/2023, 4:00 PM

Increasing and Developing Entrepreneurship Access Act of 2023 or the IDEA Act of 2023

This bill requires the Minority Business Development Agency (MBDA) to establish a grant program to provide entrepreneurship opportunities for minority businesses.

These grants shall be awarded to business accelerators for providing (1) capital to minority businesses, (2) networking programs that connect such businesses to sources of capital and innovation, and (3) other appropriate assistance.

The MBDA must submit an annual report on the program that includes the number of grants provided, the number of minority businesses that have received assistance from grant recipients, and a description of any noncompliance by grant recipients.

The bill also establishes penalties (a fine or imprisonment) for a grant recipient that knowingly uses award amounts for any purpose not permitted under the program.

The IDEA Act of 2023, also known as Bill 118 hr 4499, is a piece of legislation introduced in the US Congress aimed at improving the Individuals with Disabilities Education Act (IDEA). The IDEA Act of 2023 seeks to enhance the educational opportunities and outcomes for students with disabilities by providing additional resources and support to schools and educators.

Key provisions of the IDEA Act of 2023 include increased funding for special education programs, improved training for teachers and staff working with students with disabilities, and increased access to assistive technology and resources. The bill also aims to strengthen the collaboration between schools, parents, and community organizations to better support students with disabilities.

Additionally, the IDEA Act of 2023 includes measures to address disparities in educational outcomes for students with disabilities, particularly those from marginalized communities. The bill emphasizes the importance of providing equitable access to quality education for all students, regardless of their disability status. Overall, the IDEA Act of 2023 represents a bipartisan effort to improve the educational experiences and outcomes for students with disabilities. By providing additional resources, support, and training, the bill aims to ensure that all students have the opportunity to reach their full potential and succeed in school.
Congress
118
Number
HR - 4499
Introduced on
2023-07-06
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

7/6/2023
Text
PDF
XML

Status of Legislation

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

Purpose and Summary

Increasing and Developing Entrepreneurship Access Act of 2023 or the IDEA Act of 2023

This bill requires the Minority Business Development Agency (MBDA) to establish a grant program to provide entrepreneurship opportunities for minority businesses.

These grants shall be awarded to business accelerators for providing (1) capital to minority businesses, (2) networking programs that connect such businesses to sources of capital and innovation, and (3) other appropriate assistance.

The MBDA must submit an annual report on the program that includes the number of grants provided, the number of minority businesses that have received assistance from grant recipients, and a description of any noncompliance by grant recipients.

The bill also establishes penalties (a fine or imprisonment) for a grant recipient that knowingly uses award amounts for any purpose not permitted under the program.

The IDEA Act of 2023, also known as Bill 118 hr 4499, is a piece of legislation introduced in the US Congress aimed at improving the Individuals with Disabilities Education Act (IDEA). The IDEA Act of 2023 seeks to enhance the educational opportunities and outcomes for students with disabilities by providing additional resources and support to schools and educators.

Key provisions of the IDEA Act of 2023 include increased funding for special education programs, improved training for teachers and staff working with students with disabilities, and increased access to assistive technology and resources. The bill also aims to strengthen the collaboration between schools, parents, and community organizations to better support students with disabilities.

Additionally, the IDEA Act of 2023 includes measures to address disparities in educational outcomes for students with disabilities, particularly those from marginalized communities. The bill emphasizes the importance of providing equitable access to quality education for all students, regardless of their disability status. Overall, the IDEA Act of 2023 represents a bipartisan effort to improve the educational experiences and outcomes for students with disabilities. By providing additional resources, support, and training, the bill aims to ensure that all students have the opportunity to reach their full potential and succeed in school.
Alternative Names
Official Title as IntroducedTo establish a grant program to provide minority business enterprises access to entrepreneurship opportunities, and for other purposes.
Policy Areas
Commerce

Comments

Recent Activity

Latest Summary9/18/2023

Increasing and Developing Entrepreneurship Access Act of 2023 or the IDEA Act of 2023

This bill requires the Minority Business Development Agency (MBDA) to establish a grant program to provide entrepreneurship opportunities for mino...

Latest Action7/6/2023
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...