Supporting Diverse Entrepreneurs Act
This bill amends the Infrastructure Investment and Jobs Act to expand access to business support services for minority entrepreneurs. It requires Minority Business Development Agency (MBDA) Business Centers to be located "in or near" historically Black colleges or universities (HBCUs) and other minority-serving institutions. The bill also adjusts funding, increasing annual support to $125 million starting in fiscal year 2024 (previously scheduled for 2025). These changes directly affect entrepreneurs at minority-serving institutions by improving their access to business development resources.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2024
Committee Review
Floor Vote
President
Introduced Jul 10, 2024
Last action Jul 11, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jul 10, 2024
Committee
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.
lower
Jul 10, 2024
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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