118th Congress · SENATE BILLBILL

S. 1402 — Minority Entrepreneurship Grant Program Act of 2023

“A bill to require the Administrator of the Small Business Administration, in consultation with the Under Secretary of Commerce for Minority Business Development, to establish a grant program to create or expand programs at minority-serving institutions and historically Black colleges and universities that promote minority business ownership and entrepreneurship, and for other purposes.”

Commerce

Introduced May 2, 2023

Last action May 2, 2023

Pipeline · Bill → Law

Step 1

Introduced

May 2, 2023

Step 2

Referred

May 2, 2023

Small Business and Entrepreneurship

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires the Small Business Administration (SBA) to award grants to create or expand programs at minority-serving institutions and historically Black colleges and universities (HBCUs) that foster, promote, and increase opportunities for minority business ownership. The SBA must also establish a Minority Entrepreneurship Advisory Board to develop recommendations regarding how these institutions and HBCUs can better serve minority businesses and entrepreneurs.

Provisions · 4 sectionsIntroduced in Senate

Timeline · 2 actions

May 2, 2023

Introduced in Senate

May 2, 2023

Read twice and referred to the Committee on Small Business and Entrepreneurship.