,i #aag? ,,congress #b;d ,session ,h4 ,r4 #idbc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #b1 #bjbb,ms4 ,williams ( ,georgia 7= h]self1 ,ms4 ,adams1 & ,mr4 ,fitzpatrick7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,small ,bus9ess ,a ,,bill ,to require ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration to e/abli% a grant program to create or exp& programs at m9ority-s]v+ in/itutions relat+ to m9ority entrepr5eur%ip & bus9ess own]%ip1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,m9ority ,entrepr5eur%ip ,grant ,program ,act ( #bjbb4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,adm9i/rator ,! t]m ,adm9i/rator means ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration4 7#b7 ,bo>d ,! t]m ,bo>d means ! ,m9ority ,entrepr5eur%ip ,advisory ,bo>d e/abli%$ "u section #d7;a74 7#c7 ,hi/orically ,black college or univ]sity ,! t]m hi/orically ,black college or univ]sity means a "p ,b in/itution1 z t t]m is def9$ 9 section #cbb ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajfa74 7#d7 ,m9ority ,! t]m m9ority means an individual :o is-- 7,a7 ,black or ,african ,am]ican2 7,b7 ,hispanic or ,lat9o2 7,c7 ,native or ,indig5\s ,am]ican2 7,d7 ,asian2 7,e7 ,native ,hawaiian or o!r ,pacific ,isl&]2 7,f7 ,native ,alaskan2 or 7,g7 a memb] ( a gr\p t ! ,m9ority ,bus9ess ,developm5t ,ag5cy ( ! ,dep>tm5t ( ,comm]ce 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 7#e7 ,m9ority-s]v+ in/itution ,! t]m m9ority-s]v+ in/itution means any ( ! foll[+ types ( in/itutions3 7,a7 ,a hi/orically ,black college or univ]sity4 7,b7 ,a ,hispanic-s]v+ in/itution1 z t t]m is def9$ 9 section #ejb7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #aaja;a7a774 7,c7 ,a ,tribal ,college or ,univ]sity1 z t t]m is def9$ 9 section #caf7;b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajei;c7b774 7,d7 ,an ,alaska ,native-s]v+ in/itution1 z t t]m is def9$ 9 section #cag7;b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajei;d7b774 7,e7 ,a ,native ,hawaiian-s]v+ in/itution1 z t t]m is def9$ 9 section #cag7;b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajei;d7b774 7,f7 ,a ,pr$om9antly ,black ,in/itution1 z t t]m is def9$ 9 section #cah7;b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajei;e7b774 7,g7 ,a ,native ,am]ican-s]v+1 nontribal in/itution1 z t t]m is def9$ 9 section #cai7;b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajei;f7b774 7,h7 ,an ,asian-,am]ican & ,native ,am]ican ,pacific ,isl&]-s]v+ in/itution1 z t t]m is def9$ 9 section #cbj7;b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajei;g7b774 7#f7 ,program ,! t]m ,program means ! grant program e/abli%$ "u section #c7;a74 7#g7 ,small bus9ess conc]n ,! t]m small bus9ess conc]n has ! mean+ giv5 ! t]m 9 section #c7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb7;a774 7#h7 ,/ud5t entrepr5eur ,! t]m /ud5t entrepr5eur means a m9ority /ud5t :o seeks to e/abli% or develop a small bus9ess conc]n4 7#i7 ,"u ,secret>y ,! t]m ,"u ,secret>y means ,"u ,secret>y ( ,comm]ce = ,m9ority ,bus9ess ,developm5t ( ! ,m9ority ,bus9ess ,developm5t ,ag5cy 7e/abli%$ "u section #ajjjjb ( ! ,m9ority ,bus9ess ,developm5t ,act ( #bjba 7#ae ,u4,s4,c4 #ieja774 #c4 ,grant program 7a7 ,e/abli%m5t ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator1 9 consultation ) ! ,"u ,secret>y1 %all e/abli% a grant program )9 ! ,small ,bus9ess ,adm9i/ration1 ! purpose ( :i* %all be to create or exp& programs at m9ority-s]v+ in/itutions t fo/]1 promote1 & increase programs1 initiatives1 or opportunities = m9ority entrepr5eur%ip & bus9ess own]%ip among /ud5t entrepr5eurs enroll$ at su* a m9ority-s]v+ in/itution4 7b7 ,application process ,a m9ority-s]v+ in/itution seek+ a grant "u ! ,program %all submit to ! ,adm9i/rator an application t conta9s a description (-- 7#a7 ! ne$ = & propos$ use ( grant funds to promote m9ority entrepr5eur%ip & bus9ess own]%ip among /ud5t entrepr5eurs enroll$ at ! m9ority-s]v+ in/itution2 7#b7 h[ ! programs1 initiatives1 or opportunities creat$ or exp&$ ) ! grant funds w provide support to /ud5t entrepr5eurs enroll$ at ! m9ority-s]v+ in/itution :o-- 7,a7 seek support = an e/abli%$ small bus9ess conc]n2 or 7,b7 ne$ assi/ance 9 e/abli%+ a small bus9ess conc]n2 & 7#c7 h[ ! m9ority-s]v+ in/itution w create or exp& programs1 initiatives1 or opportunities t-- 7,a7 increase m9ority entrepr5eur%ip & bus9ess own]%ip among /ud5t entrepr5eurs enroll$ at ! m9ority-s]v+ in/itution2 & 7,b7 exp& bus9ess res\rces to /ud5t entrepr5eurs enroll$ at ! m9ority-s]v+ in/itution4 7c7 ,selection ,9 select+ grantees "u ?is section1 ! ,adm9i/rator %all evaluate applications f among ! same type ( m9ority-s]v+ in/itution1 z li/$ 9 subp>agraphs 7,a7 ?r\gh 7,h7 ( section #b7e74 7d7 ,am\nt ( grant ,a grant made to a m9ority-s]v+ in/itution "u ! ,program %all be n less ?an #bej1jjj4 7e7 ,use ( grant funds ,a m9ority-s]v+ in/itution t receives a grant "u ! ,program %all use grant am\nts to support ! creation or expansion ( programs1 initiatives1 or opportunities t (f] bus9ess developm5t res\rces t support /ud5t entrepr5eurs enroll$ at ! m9ority-s]v+ in/itution1 su* z-- 7#a7 free legal1 acc\nt+1 human res\rces1 in=mation te*nology1 m>ket+1 tra9+1 c\nsel+1 network+1 & te*nical assi/ance2 & 7#b7 access to capital res\rces1 su* z ! co/s associat$ ) =m+ a new small bus9ess conc]n4 7f7 ,submission requirem5t ,a m9ority-s]v+ in/itution to :i* a grant is made "u ! ,program %all1 n lat] ?an #f mon?s & n lat] ?an #ab mon?s aft] receipt ( su* grant1 submit to ! ,adm9i/rator a report t conta9s1 = ! p]iod cov]$ by ! report1 ! numb] (-- 7#a7 /ud5t entrepr5eurs enroll$ at ! m9ority-s]v+ in/itution assi/$ ) ! grant funds2 7#b7 small bus9ess conc]ns creat$ ?r\gh ! exp5diture ( ! grant funds1 includ+1 ) respect to ea* su* conc]n-- 7,a7 ! "n ( ! conc]n2 7,b7 a description ( ! bus9ess ( ! conc]n2 & 7,c7 ! am\nt ( grant funds exp5d$ 9 creat+ ! conc]n2 7#c7 /ud5t entrepr5eurs enroll$ at ! m9ority-s]v+ in/itution ref]r$ to o!r res\rces ( ! ,small ,bus9ess ,adm9i/ration2 & 7#d7 /ud5t entrepr5eurs enroll$ at ! m9ority-s]v+ in/itution p>ticipat+ 9 programs1 initiatives1 or opportunities creat$ or exp&$ ?r\gh ! exp5diture ( ! grant funds1 disaggregat$ 7to ! ext5t possible7 by sex1 race1 & e?nicity ( ! /ud5t entrepr5eur4 7g7 ,report to ,congress ,n lat] ?an #ah mon?s aft] ! date on :i* ! fir/ grant is made "u ! ,program1 & annually !reaft] until ,septemb] #cj1 #bjbh1 ! ,adm9i/rator %all submit to ,congress a report t conta9s in=mation reg>d+ ! m9ority-s]v+ in/itutions to :i* grants 7 made "u ! ,program = ! p]iod cov]$ by ! report1 :i* %all include-- 7#a7 ! "n ( ea* su* m9ority-s]v+ in/itution & ! am\nt ( ea* su* grant2 7#b7 ! numb] ( /ud5t entrepr5eurs assi/$ ) ,program grant funds-- 7,a7 at ea* m9ority-s]v+ in/itution to :i* a grant 0 made "u ! ,program2 & 7,b7 9 total "u ! ,program2 7#c7 ! numb] ( small bus9ess conc]ns creat$ ?r\gh ! exp5diture ( ,program grant funds-- 7,a7 ) respect to ea* m9ority-s]v+ in/itution to :i* a grant 0 made "u ! ,program2 & 7,b7 9 total "u ! ,program2 7#d7 ! numb] ( /ud5t entrepr5eurs ref]r$ to res\rces ( ! ,small ,bus9ess ,adm9i/ration-- 7,a7 at ea* m9ority-s]v+ in/itution to :i* a grant 0 made "u ! ,program2 & 7,b7 9 total "u ! ,program2 7#e7 ! numb] ( /ud5t entrepr5eurs p>ticipat+ 9 programs1 initiatives1 or opportunities creat$ or exp&$ ?r\gh ! exp5diture ( ,program grant funds1 disaggregat$ by sex1 race1 & e?nicity 7to ! ext5t possible7-- 7,a7 at ea* m9ority-s]v+ in/itution to :i* a grant 0 made "u ! ,program2 & 7,b7 9 total "u ! ,program2 & 7#f7 a /atem5t reg>d+ :e!r any am\nts made available to c>ry out ?is section rema9 unexp5d$1 z ( ! date on :i* ! report is submitt$4 7h7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,adm9i/rator #ej1jjj1jjj = ea* ( fiscal ye>s #bjbc ?r\gh #bjbh to c>ry out ?is section4 #d4 ,m9ority ,entrepr5eur%ip ,advisory ,bo>d 7a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all e/abli% a ,m9ority ,entrepr5eur%ip ,advisory ,bo>d to develop recomm5dations reg>d+ h[ m9ority-s]v+ in/itutions c bett] s]ve m9ority bus9esses & entrepr5eurs4 7b7 ,memb]%ip ( ,bo>d ,! memb]s ( ! ,bo>d-- 7#a7 %all be appo9t$ by ! ,adm9i/rator2 7#b7 %all include "o repres5tative f ea* (-- 7,a7 ! ,unit$ ,negro ,college ,fund2 7,b7 ! ,?urgood ,m>%all ,college ,fund2 7,c7 ! ,national ,association = ,equal ,opportunity 9 ,high] ,education2 7,d7 ! ,am]ican ,indian ,high] ,education ,consortium2 7,e7 ! ,asian & ,pacific ,isl&] ,am]ican ,s*ol>%ip ,fund2 7,f7 ! ,national ,congress ( ,am]ican ,indians2 & 7,g7 ! ,hispanic ,association ( ,colleges & ,univ]sities2 & 7#c7 %all include additional individuals1 z det]m9$ by ! ,adm9i/rator1 )-- 7,a7 out/&+ qualifications relat+ to m9ority-s]v+ in/itutions or m9ority bus9esses & entrepr5eurs2 7,b7 k reg>d+ ! ne$s ( small bus9ess conc]ns t are own$ by m9orities2 & 7,c7 exp]i5ce-- 7i7 work+ ) />tups2 or 7ii7 9 provid+ consultation to small bus9ess conc]ns4 7c7 ,submission to ,congress ,n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit to ,congress ! recomm5dations develop$ by ! ,bo>d4 7d7 ,t]m9ation ,! ,bo>d %all t]m9ate n lat] ?an #f mon?s aft] ! report requir$ "u subsection 7c7 has be5 submitt$4 7e7 ,inapplicability ( ,,faca ,! ,f$]al ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app47 %all n apply ) respect to ! ,bo>d or ! activities ( ! ,bo>d4