,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fhfi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ad1 #bjbj,mr4   
,gre5 ( ,texas introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices1 & 9 addition to !   
,committees on ! ,budget1 & ,small      
,bus9ess1 = a p]iod to be subsequ5tly   
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to e/abli% ! ,m9ority ,bus9ess
 ,developm5t ,ag5cy ( ! ,dep>tm5t (     
,comm]ce & to support ! economic        
resili5ce ( m9ority bus9ess ent]prises  
dur+ & aft] ! ,,covid-#ai outbreak4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,m9ority ,bus9ess ,resili5cy ,act (     
#bjbj4  #b4 ,def9itions ,9 ?is ,act3    
7#a7 ,ag5cy ,! t]m ,ag5cy means !       
,m9ority ,bus9ess ,developm5t ,ag5cy ( !
 ,dep>tm5t ( ,comm]ce4  7#b7 ,assi/ant  
,secret>y ,! t]m ,assi/ant ,secret>y    
means ! ,assi/ant ,secret>y ( ,comm]ce =
 ,m9ority ,bus9ess ,developm5t4  7#c7   

,cov]$ entity ,! t]m cov]$ entity means 
a private nonpr(it organization t-- 7,a7
 is describ$ 9 section #eja7;c77#c7 ( ! 
,int]nal ,rev5ue ,code ( #aihf & exempt 
f tax "u section #eja7;a7 ( su* ,code2  
7,b7 c demon/rate to ! ,ag5cy t-- 7i7 ! 
prim>y mission ( ! organization is to   
provide s]vices to m9ority bus9ess      
ent]prises1 :e!r ?r\gh education1 mak+  
grants1 or o!r simil> activities2 &     
7ii7 ! organization is unable to pay    
f9ancial obligations incurr$ by !       
organization1 includ+ payroll           
obligations2 &  7,c7 due to ! effects ( 
,,covid-#ai1 is unable to engage 9 !    
same level ( fundrais+ 9 ! ye> 9 :i* ?is
 ,act is enact$1 z comp>$ ) ! ye> prec$+
 ! ye> 9 :i* ?is ,act is enact$1 includ+
 ?r\gh ev5ts or ! collection ( fees4    
7#d7 ,m9ority bus9ess developm5t c5t] ,!
 t]m m9ority bus9ess developm5t c5t]    
means a ,bus9ess ,c5t] ( ! ,ag5cy1      
includ+ its ,specialty ,c5t] ,program4  
7#e7 ,m9ority bus9ess ent]prise ,! t]m  
m9ority bus9ess ent]prise means a       

=-pr(it bus9ess ent]prise-- 7,a7 t is n 
less ?an #ea p]c5t-own$ by #a or m      
socially disadvantag$ individuals2 &    
7,b7 ! managem5t & daily bus9ess        
op]ations ( :i* are controll$ by #a or m
 socially disadvantag$ individuals4     
7#f7 ,socially disadvantag$ individual  
7,a7 ,9 g5]al ,! t]m socially           
disadvantag$ individual means an        
individual :o has be5 subject$ to racial
 or e?nic prejudice or cultural bias    
because ( ! id5tity ( ! individual z a  
memb] ( a gr\p1 )\t reg>d to any        
individual quality ( ! individual t is  
unrelat$ to t id5tity4  7,b7            
,presumption ,9 c>ry+ out ?is ,act1 !   
,ag5cy %all presume t ! t]m socially    
disadvantag$ individual includes any    
individual :o is-- 7i7 ,black or        
,african ,am]ican2  7ii7 ,hispanic or   
,lat9o2  7iii7 ,am]ican ,indian or      
,alaska ,native2  7iv7 ,asian2  7v7     
,native ,hawaiian or o!r ,pacific       
,isl&]2 or  7vi7 a memb] ( a gr\p t !   
,ag5cy det]m9es "u "p #adjj ( title #ae1

 ,code ( ,f$]al ,regulations1 z 9 effect
 on ,novemb] #bc1 #aihd1 is a socially  
disadvantag$ gr\p eligible to receive   
assi/ance4  #c4 ,m9ority ,bus9ess       
,developm5t ,ag5cy  7a7 ,e/abli%m5t ,!  
,m9ority ,bus9ess ,developm5t ,ag5cy 9 !
 ,dep>tm5t ( ,comm]ce is h]eby e/abli%$4
  7b7 ,assi/ant ,secret>y  7#a7         
,appo9tm5t & duties ,! ,ag5cy %all be   
head$ by an ,assi/ant ,secret>y (       
,comm]ce = ,m9ority ,bus9ess            
,developm5t1 :o %all be-- 7,a7 appo9t$  
by ! ,presid5t1 by & ) ! advice & cons5t
 ( ! ,s5ate2 &  7,b7 except z o!rwise   
expressly provid$1 responsible = !      
adm9i/ration ( ?is ,act4  7#b7          
,comp5sation ,! ,assi/ant ,secret>y %all
 be comp5sat$ at an annual rate ( basic 
pay prescrib$ = level ,,iv ( !          
,executive ,s*$ule "u section #ecae (   
title #e1 ,unit$ ,/ates ,code4  7c7     
,report to ,congress ,n lat] ?an #abj   
days aft] ! date ( enactm5t ( ?is ,act1 
! ,secret>y %all submit to ,congress a  
report t describes-- 7#a7 !             

organizational /ructure ( ! ,ag5cy2     
7#b7 ! organizational position ( !      
,ag5cy 9 ! ,dep>tm5t ( ,comm]ce2 &  7#c7
 a description ( h[ ! ,ag5cy %all       
function 9 relation to ! op]ations c>ri$
 out by ea* o!r compon5t ( ! ,dep>tm5t (
 ,comm]ce4  7d7 ,adm9i/rative p[]s & o!r
 p[]s ( ! ,ag5cy2 miscellane\s          
provisions  7#a7 ,9 g5]al ,9 c>ry+ out !
 duties & ! responsibilities ( ! ,ag5cy1
 ! ,assi/ant ,secret>y may-- 7,a7 adopt 
& use a seal = ! ,ag5cy1 :i* %all be    
judicially notic$2  7,b7 hold he>+s1 sit
 & act1 & take te/imony z ! ,assi/ant   
,secret>y may det]m9e to be necess>y or 
appropriate2  7,c7 acquire1 9 any lawful
 mann]1 any prop]ty t ! ,assi/ant       
,secret>y may det]m9e to be necess>y or 
appropriate2  7,d7 make advance paym5ts 
"u grants1 contracts1 & coop]ative      
agreem5ts aw>d$ by ! ,ag5cy2  7,e7 ent] 
into agreem5ts ) o!r ,f$]al ag5cies2    
7,f7 coord9ate ) ! heads ( ! ,(fices (  
,small & ,disadvantag$ ,bus9ess         
,utilization ( ,f$]al ag5cies2  7,g7    

require a coord9at$ review ( all tra9+ &
 te*nical assi/ance activities t are    
propos$ to be c>ri$ out by ,f$]al       
ag5cies 9 direct support ( ! developm5t 
( m9ority bus9ess ent]prises to-- 7i7   
assure consi/5cy ) ! purposes ( ?is     
,act2 &  7ii7 avoid duplication ( exi/+ 
ef=ts2 &  7,h7 prescribe su* rules1     
regulations1 & proc$ures z ! ,ag5cy may 
det]m9e to be necess>y or appropriate4  
7#b7 ,employm5t ( c]ta9 exp]ts &        
consultants  7,a7 ,9 g5]al ,! ,assi/ant 
,secret>y may employ exp]ts &           
consultants or organizations t are      
compos$ ( exp]ts or consultants1 z      
au?oriz$ "u section #caji ( title #e1   
,unit$ ,/ates ,code4  7,b7 ,r5ewal (    
contracts ,! ,assi/ant ,secret>y may    
annually r5ew a contract = employm5t (  
an individual employ$ "u subp>agraph    
7,a74  7#c7 ,donation ( prop]ty  7,a7 ,9
 g5]al ,subject to subp>agraph 7,b71 !  
,assi/ant ,secret>y may1 )\t co/ 7except
 = co/s ( c>e & h&l+71 donate = use by  
any public sector entity1 or by any     

recipi5t nonpr(it organization1 = !     
purpose ( ! developm5t ( m9ority bus9ess
 ent]prises1 any real or tangible       
p]sonal prop]ty acquir$ by ! ,ag5cy4    
7,b7 ,t]ms1 conditions1 res]vations1 &  
re/rictions ,! ,assi/ant ,secret>y may  
impose reasonable t]ms1 conditions1     
res]vations1 & re/rictions ^u ! use (   
any prop]ty donat$ "u subp>agraph 7,a74 
#d4 ,em]g5cy grants to nonpr(its t      
support m9ority bus9ess ent]prises  7a7 
,purpose ,! purpose ( ?is section is to 
make grants to cov]$ entities 9 ord] to 
help ^? cov]$ entities cont9ue !        
necess>y "w ( support+ m9ority bus9ess  
ent]prises4  7b7 ,e/abli%m5t ,n lat] ?an
 #ae days aft] ! date ( enactm5t ( ?is  
,act1 ! ,ag5cy %all e/abli% a grant     
program = cov]$ entities 9 accordance ) 
! requirem5ts ( ?is section1 "u :i* !   
,ag5cy %all make grants to cov]$        
entities z exp$iti\sly z possible4  7c7 
,application  7#a7 ,9 g5]al ,a cov]$    
entity desir+ a grant "u ?is section    
%all submit to ! ,ag5cy an application  

at su* "t1 9 su* mann]1 & conta9+ su*   
in=mation z ! ,ag5cy may require4  7#b7 
,priority ,! ,ag5cy %all-- 7,a7 e/abli% 
selection crit]ia to ensure t1 if !     
am\nts made available to c>ry out ?is   
section are n suffici5t to make a grant 
"u ?is section to e cov]$ entity t      
submits an application "u p>agraph 7#a71
 ! cov]$ entities t are ! mo/ sev]ely   
affect$ by ! effects ( ,,covid-#ai      
receive priority ) respect to ^? grants2
 &  7,b7 give priority ) respect to !   
grants made "u ?is section to a cov]$   
entity t proposes to use ! grant funds  
=-- 7i7 provid+ paid sick leave to      
employees ( ! cov]$ entity :o are unable
 to "w due to ! direct effects (        
,,covid-#ai2  7ii7 cont9u+ to make      
payroll paym5ts 9 ord] to reta9         
employees ( ! cov]$ entity dur+ an      
economic disruption ) respect to        
,,covid-#ai2  7iii7 mak+ r5t or mortgage
 paym5ts ) respect to obligations ( !   
cov]$ entity2 or  7iv7 repay+ non-,f$]al
 obligations t ! cov]$ entity _c satisfy

 because ( rev5ue losses t are          
attributable to ! effects ( ,,covid-#ai4
  7d7 ,am\nt ( grant  7#a7 ,9 g5]al ,a  
grant made "u ?is section %all be 9 an  
am\nt t is n m ?an #cjj1jjj4  7#b7 ,s+le
 aw>d ,no cov]$ entity may receive1 or  
directly b5efit f1 m ?an #a grant made  
"u ?is section4  7e7 ,use ( funds ,a    
cov]$ entity t receives a grant "u ?is  
section may use ! grant funds to address
 ! effects ( ,,covid-#ai on ! cov]$     
entity1 includ+ by mak+ payroll paym5ts1
 mak+ a transition to ! provision (     
onl9e s]vices1 & address+ issues rais$  
by an inability to raise funds4  7f7    
,proc$ures ,! ,ag5cy %all e/abli%       
proc$ures to disc\rage & prev5t wa/e1   
fraud1 & abuse by applicants =1 &       
recipi5ts (1 grants made "u ?is section4
  7g7 ,p5alties = fraud & misapplication
 ( funds ,an applicant =1 or recipi5t (1
 a grant made "u ?is section %all be    
subject to all applicable provisions (  
,f$]al law1 includ+ section #ajja (     
title #ah1 ,unit$ ,/ates ,code4  7h7    

,non-duplication ,! ,ag5cy %all ensure t
 cov]$ entities d n receive grants "u   
bo? ?is section & section #aajh ( !     
,coronavirus ,aid1 ,relief1 & ,economic 
,security ,act4  7i7 ,inspector ,g5]al  
audit ,n lat] ?an #ahj days aft] ! date 
on :i* ! ,ag5cy beg9s mak+ grants "u ?is
 section1 ! ,inspector ,g5]al ( !       
,dep>tm5t ( ,comm]ce %all-- 7#a7 conduct
 an audit ( grants made "u ?is section1 
:i* %all seek to id5tify any            
discrepancies or irregul>ities ) respect
 to ! grants2 &  7#b7 submit to         
,congress a report reg>d+ ! audit       
conduct$ "u p>agraph 7#a74  7j7 ,updates
 to ,congress ,n lat] ?an #cj days aft] 
! date ( enactm5t ( ?is ,act1 & once e  
#cj days !reaft] until ! date describ$ 9
 subsection 7k71 ! ,ag5cy %all submit to
 ,congress a report t conta9s-- 7#a7 !  
numb] ( grants made "u ?is section dur+ 
! p]iod cov]$ by ! report2 &  7#b7 )    
respect to ! grants describ$ 9 p>agraph 
7#a71 ! geographic di/ribution ( ^?     
grants by ,/ate & c\nty4  7k7 ,t]m9ation

 ,! au?ority to make grants "u ?is      
section %all t]m9ate on ,septemb] #cj1  
#bjba4  #e4 ,outrea* to bus9ess c5t]s   
7a7 ,9 g5]al ,n lat] ?an #aj days aft] !
 date ( enactm5t ( ?is ,act1 ! ,ag5cy   
%all conduct outrea* to ! bus9ess c5t]  
network ( ! ,ag5cy to provide guidance  
to ^? c5t]s reg>d+ o!r ,f$]al programs t
 are available to provide support to    
m9ority bus9ess ent]prises1 includ+     
programs at ! ,dep>tm5t ( ! ,treasury1 !
 ,small ,bus9ess ,adm9i/ration1 & !     
,economic ,developm5t ,adm9i/ration ( ! 
,dep>tm5t ( ,comm]ce4  7b7 ,additional  
/aff ,! ,ag5cy may hire additional /aff 
to c>ry out ! responsibilities ( !      
,ag5cy "u subsection 7a74  7c7 ,outrea* 
to ,native communities  7#a7 ,9 g5]al ,9
 c>ry+ out ?is section1 ! ,ag5cy %all   
ensure t outrea* is conduct$ 9 ,am]ican 
,indian1 ,alaska ,native1 & ,native     
,hawaiian communities4  7#b7 ,direct    
outrea* to c]ta9 m9ority bus9ess        
ent]prises ,if ! ,assi/ant ,secret>y    
det]m9es t a p>ticul> ,am]ican ,indian1 

,alaska ,native1 or ,native ,hawaiian   
community does n receive suffici5t grant
 am\nts "u section #d ( ?is ,act or     
section #aajh ( ! ,,c>es ,act1 !        
,assi/ant ,secret>y %all c>ry out       
additional outrea* directly to m9ority  
bus9ess ent]prises locat$ 9 t community 
to provide guidance reg>d+ ,f$]al       
programs t are available to provide     
support to m9ority bus9ess ent]prises4  
7d7 ,use ( appropriat$ funds ,if1 aft]  
c>ry+ out ?is section1 !re are rema9+   
funds made available to c>ry out ?is    
section f ! am\nt appropriat$ "u section
 #f1 ! ,ag5cy may use ^? rema9+ funds to
 c>ry out o!r responsibilities ( !      
,ag5cy "u section #d4  #f4 ,direct      
appropriation  7a7 ,9 g5]al ,!re is     
appropriat$ to ! ,ag5cy1 9 additional to
 any o!r am\nts previ\sly appropriat$ = 
! ,ag5cy & out ( am\nts 9 ! ,treasury n 
o!rwise appropriat$1 = ! fiscal ye> end+
 ,septemb] #cj1 #bjbj1 to rema9         
available until ,septemb] #cj1 #bjba1   
#fj1jjj1jjj1 ( :i*-- 7#a7 #aj1jjj1jjj   

%all be = c>ry+ out section #d ( ?is    
,act2  7#b7 #e1jjj1jjj %all be = c>ry+  
out section #e ( ?is ,act2 &  7#c7      
#aj1jjj1jjj %all be allocat$ to ! ,:ite 
,h\se ,initiative on ,asian ,am]icans & 
,pacific ,isl&]s4  7b7 ,em]g5cy         
designation  7#a7 ,9 g5]al ,! am\nts    
provid$ by ?is ,act are designat$ z an  
em]g5cy requirem5t pursuant to section  
#d7;g7 ( ! ,/atutory ,pay-,z-,y-,g ,act 
( #bjaj 7#b ,u4,s4,c4 #icc7;g774  7#b7  
,designation 9 ,s5ate ,9 ! ,s5ate1 ?is  
,act is designat$ z an em]g5cy          
requirem5t pursuant to section #daab7;a7
 ( ,h4 ,con4 ,res4 #ga 7#aae?           
,congress71 ! concurr5t resolution on ! 
budget = fiscal ye> #bjah4  #g4 ,audits 
7a7 ,recordkeep+ requirem5t ,ea*        
recipi5t ( assi/ance "u ?is ,act %all   
keep su* records z ! ,assi/ant ,secret>y
 %all prescribe1 includ+ records t fully
 disclose1 ) respect to ! assi/ance     
receiv$ by ! recipi5t "u ?is ,act-- 7#a7
 ! am\nt & nature ( t assi/ance2  7#b7 !
 disposition by ! recipi5t ( ! proce$s (

 t assi/ance2  7#c7 ! total co/ ( !     
und]tak+ = :i* ! assi/ance is giv5 or   
us$2  7#d7 ! am\nt & nature ( ! portion 
( ! co/ ( ! und]tak+ describ$ 9 p>agraph
 7#c7 t is suppli$ by a s\rce o!r ?an ! 
,ag5cy2 &  7#e7 any o!r records t w     
facilitate an effective audit ( !       
assi/ance4  7b7 ,access by ,gov]nm5t    
(ficials ,! ,assi/ant ,secret>y1 !      
,inspector ,g5]al ( ! ,dep>tm5t (       
,comm]ce1 & ! ,comptroll] ,g5]al ( !    
,unit$ ,/ates1 or any duly au?oriz$     
repres5tative ( any su* individual1 %all
 h access1 = ! purpose ( audit1         
inve/igation1 & exam9ation1 to any book1
 docum5t1 pap]1 record1 or o!r mat]ial (
 a recipi5t ( assi/ance4  #h4 ,review & 
report by ,comptroll] ,g5]al ,n lat] ?an
 #d ye>s aft] ! date ( enactm5t ( ?is   
,act1 ! ,comptroll] ,g5]al ( ! ,unit$   
,/ates %all-- 7#a7 conduct a ?or\gh     
review ( ! programs c>ri$ out "u ?is    
,act2 &  7#b7 submit to ,congress a     
detail$ report ( ! f9d+s ( ! ,comptroll]
 ,g5]al ( ! ,unit$ ,/ates "u ! review   

c>ri$ out "u p>agraph 7#a71 :i* %all    
include-- 7,a7 an evaluation ( !        
effectiv5ess ( ! programs 9 a*iev+ !    
purposes ( ?is ,act2  7,b7 a description
 ( any failure by any recipi5t (        
assi/ance "u ?is ,act to comply ) !     
requirem5ts "u ?is ,act2 &  7,c7        
recomm5dations = any legislative or     
adm9i/rative action t %\ld be tak5 to   
improve ! a*ievem5t ( ! purposes ( ?is  
,act4  #i4 ,annual reports2             
recomm5dations  7a7 ,annual report ,n   
lat] ?an #ij days aft] ! la/ day ( ea*  
fiscal ye>1 ! ,assi/ant ,secret>y %all  
submit to ,congress1 & publi% on !      
website ( ! ,ag5cy1 a report ( ea*      
activity ( ! ,ag5cy c>ri$ out "u ?is    
,act dur+ ! fiscal ye> prec$+ ! date on 
:i* ! report is submitt$4  7b7          
,recomm5dations ,! ,assi/ant ,secret>y  
%all p]iodically submit to ,congress & !
 ,presid5t recomm5dations = legislation 
or o!r actions t ! ,assi/ant ,secret>y  
det]m9es to be necess>y or appropriate  
to promote ! purposes ( ?is ,act4  #aj4 

,executive ,ord] #aafbe ,! p[]s & duties
 ( ! ,ag5cy %all be det]m9$-- 7#a7 9    
accordance ) ?is ,act & ! requirem5ts ( 
?is ,act2 &  7#b7 )\t reg>d to          
,executive ,ord] #aafbe 7#cf ,f$4 ,reg4 
#aiifg2 relat+ to prescrib+ additional  
arrangem5ts = develop+ & coord9at+ a    
national program = m9ority bus9ess      
ent]prise74  #aa4 ,am5dm5t to ! ,f$]al  
,acquisition ,/reaml9+ ,act ( #aiid     
,section #gajd7;c7 ( ! ,f$]al           
,acquisition ,/reaml9+ ,act ( #aiid 7#ae
 ,u4,s4,c4 #fdd;a7c77 is am5d$ by /rik+ 
p>agraph 7#b7 & ins]t+ ! foll[+3  7#b7  
,! ,assi/ant ,secret>y ( ,comm]ce =     
,m9ority ,bus9ess ,developm5t4  4