,,ii #aaf? ,,congress #b;d ,session ,s4 #dhgc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,octob] #bf 7legislative day1 ,octob] #ai71 #bjbj,mr4 ,wick] 7= himself1 ,mr4 ,ka9e1 ,mr4 ,scott ( ,s\? ,c>ol9a1 ,mr4 ,tillis1 & ,mr4 ,coons7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,comm]ce1 ,sci5ce1 & ,transportation ,a ,,bill ,to au?orize ! ,m9ority ,bus9ess ,developm5t ,ag5cy ( ! ,dep>tm5t ( ,comm]ce to e/abli% bus9ess c5t]s at hi/orically ,black colleges & univ]sities1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,rea*+ ,am]ica's ,rural ,m9ority ,bus9esses ,act ( #bjbj4 #b4 ,def9itions 7#a7 ,ag5cy ,! t]m ,ag5cy means ! ,m9ority ,bus9ess ,developm5t ,ag5cy ( ! ,dep>tm5t ( ,comm]ce4 7#b7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,comm]ce1 ,sci5ce1 & ,transportation ( ! ,s5ate2 7,b7 ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate2 7,c7 ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives2 & 7,d7 ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives4 7#c7 ,eligible entity ,! t]m eligible entity means-- 7,a7 a hi/orically ,black college or univ]sity2 or 7,b7 a consortium ( in/itutions ( high] education t is l$ by a hi/orically ,black college or univ]sity4 7#d7 ,hi/orically ,black college or univ]sity ,! t]m hi/orically ,black college or univ]sity has ! mean+ giv5 ! t]m "p ,b in/itution 9 section #cbb ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajfa74 7#e7 ,in/itution ( high] education ,! t]m in/itution ( high] education has ! mean+ giv5 ! t]m 9 section #aja ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja74 7#f7 ,,mbda c5t] ,! t]m ,,mbda c5t] means any bus9ess c5t] e/abli%$ by ! ,ag5cy4 7#g7 ,,mbdc agreem5t ,! t]m ,,mbdc agreem5t means a collaborative agreem5t ent]$ into betwe5 ! ,ag5cy & an eligible entity "u section #c7;b77#b74 7#h7 ,m9ority bus9ess ent]prise ,! t]m m9ority bus9ess ent]prise has ! mean+ giv5 ! t]m 9 section #aajh7;a7 ( ! ,,c>es ,act 7#ae ,u4,s4,c4 #ijjg7;a774 7#i7 ,rural area ,! t]m rural area means an area locat$ outside a metropolitan /ati/ical area 7z designat$ by ! ,(fice ( ,managem5t & ,budget74 7#aj7 ,rural bus9ess c5t] ,! t]m rural bus9ess c5t] means an ,,mbda c5t] ) ! functions describ$ 9 section #c7;c74 7#aa7 ,rural m9ority bus9ess ent]prise ,! t]m rural m9ority bus9ess ent]prise means a m9ority bus9ess ent]prise locat$ 9 a rural area4 #c4 ,bus9ess c5t]s 7a7 ,9 g5]al ,! ,ag5cy may e/abli% n m ?an #aj rural bus9ess c5t]s4 7b7 ,p>tn]%ip 7#a7 ,9 g5]al ,! ag5cy %all e/abli% ea* rural bus9ess c5t] 9 p>tn]%ip ) an eligible entity 9 accordance ) p>agraph 7#b74 7#b7 ,,mbdc agreem5t 7,a7 ,9 g5]al ,) respect to ea* rural bus9ess c5t] e/abli%$ by ! ,ag5cy1 ! ,ag5cy %all ent] into a collaborative agreem5t ) an eligible entity t provides t-- 7i7 ! eligible entity %all provide space1 facilities1 & /aff+ = ! rural bus9ess c5t]2 7ii7 ! ,ag5cy %all provide fund+ =1 & ov]sight ) respect to1 ! rural bus9ess c5t]2 & 7iii7 subject to subp>agraph 7,b71 ! eligible entity %all mat* #bj p]c5t ( ! am\nt ( ! fund+ provid$ by ! ,ag5cy "u clause 7ii71 :i* may be calculat$ to include ! co/s ( provid+ ! space1 facilities1 & /aff+ "u clause 7i74 7,b7 ,l[] mat* requirem5t ,bas$ on ! available res\rces ( an eligible entity1 ! ,ag5cy may ent] into a collaborative agreem5t ) ! eligible entity t provides t ! eligible entity %all mat* less ?an #bj p]c5t ( ! am\nt ( ! fund+ provid$ by ! ,ag5cy "u subp>agraph 7,a77ii74 7#c7 ,t]m ,! t]m ( an ,,mbdc agreem5t %all be #e ye>s4 7#d7 ,r5ewal ,! ,ag5cy & an eligible entity may agree to ext5d ! t]m ( an ,,mbdc agreem5t ) respect to a rural bus9ess c5t] = an additional #e ye>s4 7c7 ,functions ,a rural bus9ess c5t] %all-- 7#a7 prim>ily s]ve cli5ts t are-- 7,a7 rural m9ority bus9ess ent]prises2 or 7,b7 m9ority bus9ess ent]prises t are locat$ m ?an #ej miles f an ,,mbda c5t] 7o!r ?an t rural bus9ess c5t]72 7#b7 focus on issues relat+ to-- 7,a7 ! adoption ( broadb& int]net access s]vice 7z def9$ 9 section #h4a7;b7 ( title #dg1 ,code ( ,f$]al ,regulations1 or any successor regulation71 digital lit]acy skills1 & e-comm]ce by rural m9ority bus9ess ent]prises2 7,b7 advanc$ manufactur+2 7,c7 ! promotion ( manufactur+ 9 ! ,unit$ ,/ates2 7,d7 ways 9 :i* rural m9ority bus9ess ent]prises c meet gaps 9 ! supply *a9 ( critical supplies & ess5tial goods & s]vices = ! ,unit$ ,/ates2 7,e7 improv+ ! connectivity ( rural m9ority bus9ess ent]prises ?r\gh transportation & logi/ics2 7,f7 promot+ trade & export opportunities by rural m9ority bus9ess ent]prises2 7,g7 secur+ f9ancial capital2 & 7,h7 facilitat+ entrepr5eur%ip 9 rural areas2 & 7#c7 provide education1 tra9+1 & te*nical assi/ance to m9ority bus9ess ent]prises4 7d7 ,applications 7#a7 ,9 g5]al ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act1 ! ,ag5cy %all issue a reque/ = applications f eligible entities t desire to ent] into ,,mbdc agreem5ts ) ! ,ag5cy4 7#b7 ,crit]ia & priority ,9 select+ an eligible entity ) :i* to ent] into an ,,mbdc agreem5t1 ! ,ag5cy %all-- 7,a7 select an eligible entity t demon/rates-- 7i7 ! ability to collaborate ) gov]nm5tal & private sector entities to lev]age capabilities ( m9ority bus9ess ent]prises ?r\gh public-private p>tn]%ips2 7ii7 ! rese>* & ext5sion capacity to support m9ority bus9ess ent]prises2 7iii7 k ( ! community t ! eligible entity s]ves & ! ability to conduct effective outrea* to t community to advance ! goals ( a rural bus9ess c5t]2 7iv7 ! ability to provide innovative bus9ess solutions1 includ+ access to contract+ opportunities1 m>kets1 & capital2 7v7 ! ability to provide s]vices t advance ! developm5t ( sci5ce1 te*nology1 eng9e]+1 & ma? jobs )9 m9ority bus9ess ent]prises2 7vi7 ! ability to lev]age res\rces f )9 ! eligible entity to advance a rural bus9ess c5t]2 7vii7 t ! mission ( ! eligible entity aligns ) ! mission ( ! ,ag5cy2 & 7viii7 ! ability to lev]age relation%ips ) rural m9ority bus9ess ent]prises2 & 7,b7 give priority to an eligible entity locat$ 9 a ,/ate or region t lacks an ,,mbda c5t]1 z ( ! date ( enactm5t ( ?is ,act4 7e7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,ag5cy to e/abli% rural bus9ess c5t]s "u ?is section #aj1jjj1jjj = ea* ( fiscal ye>s #bjba ?r\gh #bjbe4 #d4 ,report to ,congress ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,ag5cy %all submit to ! appropriate congressional committees a report t includes-- 7#a7 a summ>y ( ! ef=ts ( ! ,ag5cy to provide s]vices to m9ority bus9ess ent]prises locat$ 9 ,/ates t lack an ,,mbda c5t]1 z ( ! date ( enactm5t ( ?is ,act1 & especially 9 ^? ,/ates t h significant m9ority populations2 & 7#b7 recomm5dations = ext5d+ ! outrea* ( ! ,ag5cy to und]s]v$ areas4 #e4 ,/udy & report 7a7 ,9 g5]al ,! ,ag5cy1 9 coord9ation ) ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration1 %all conduct a /udy on ! ways 9 :i* m9ority bus9ess ent]prises c meet gaps 9 ! supply *a9 ( ! ,unit$ ,/ates1 ) a p>ticul> focus on ! supply *a9 ( advanc$ manufactur+ & ess5tial goods & s]vices4 7b7 ,report ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,ag5cy %all submit to ,congress a report t includes-- 7#a7 ! results ( ! /udy conduct$ "u subsection 7a72 & 7#b7 recomm5dations on ! ways 9 :i* m9ority bus9ess ent]prises c meet gaps 9 ! supply *a9 ( ! ,unit$ ,/ates4