,,ii  #aag? ,,congress  #a/ ,session    
,s4 #aaji  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #ad1 #bjba,ms4  
,ros5 7= h]self & ,mr4 ,tillis7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,small
 ,bus9ess & ,entrepr5eur%ip  ,a ,,bill  
,to require ! ,adm9i/rator ( ! ,small   
,bus9ess ,adm9i/ration1 9 consultation )
 ! ,national ,director ( ! ,m9ority     
,bus9ess ,developm5t ,ag5cy1 to e/abli% 
a grant program to create or exp&       
programs at m9ority-s]v+ in/itutions &  
hi/orically ,black colleges &           
univ]sities t promote m9ority bus9ess   
own]%ip & entrepr5eur%ip1 & = o!r       
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,m9ority ,entrepr5eur%ip   
,grant ,program ,act ( #bjba4  #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 ,director ,! t]m ,director
 means ! ,national ,director ( !        
,m9ority ,bus9ess ,developm5t ,ag5cy4   
7#d7 ,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#e7 ,m9ority ,!
 t]m m9ority includes 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#f7 ,m9ority-s]v+  
in/itution ,! t]m m9ority-s]v+          
in/itution means any ( ! foll[+3 7,a7 ,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,b7 ,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,c7 ,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,d7 
,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,e7 ,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,f7 ,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,g7 ,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#g7 ,program ,! t]m      
,program means ! grant program e/abli%$ 
"u section #c7;a74  7#h7 ,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#i7 ,/ud5t entrepr5eur ,!  
t]m /ud5t entrepr5eur means a /ud5t :o  
is-- 7,a7 a m9ority2  7,b7 enroll$ at a 
m9ority-s]v+ in/itution or a hi/orically
 ,black college or univ]sity2 &  7,c7   
seek+ to e/abli% or develop a bus9ess4  
#c4 ,grant program  7a7 ,e/abli%m5t ,n  
lat] ?an #ahj days aft] ! date (        
enactm5t ( ?is ,act1 ! ,adm9i/rator1 9  
consultation ) ! ,director1 %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 & hi/orically  
,black colleges & univ]sities t fo/]1   
promote1 & increase opportunities =     
m9ority bus9ess own]%ip4  7b7           
,application process ,a m9ority-s]v+    

in/itution or a hi/orically ,black      
college or univ]sity seek+ a grant "u ! 
,program %all submit to ! ,adm9i/rator  
an application t conta9s a description  
(-- 7#a7 ! ne$ = ! grant funds to       
promote m9ority entrepr5eur%ip & bus9ess
 own]%ip among /ud5t entrepr5eurs       
enroll$ at ! m9ority-s]v+ in/itution or 
! hi/orically ,black college or         
univ]sity2  7#b7 h[ ! grant funds w be  
us$ to c>ry out ! activities describ$ 9 
p>agraph 7#a72  7#c7 h[ ! programs      
creat$ or exp&$ ) ! grant funds w       
provide support to /ud5t entrepr5eurs   
enroll$ at ! m9ority-s]v+ in/itution or 
hi/orically ,black college or univ]sity 
:o-- 7,a7 seek support = an e/abli%$    
bus9ess2 or  7,b7 ne$ assi/ance 9       
e/abli%+ a bus9ess2 &  7#d7 h[ !        
m9ority-s]v+ in/itution or hi/orically  
,black college or univ]sity w create or 
exp& programs or initiatives t-- 7,a7   
increase m9ority bus9ess own]%ip2 &     
7,b7 exp& bus9ess res\rces to /ud5t     
entrepr5eurs enroll$ at ! m9ority-s]v+  

in/itution or hi/orically ,black college
 or univ]sity4  7c7 ,am\nt ( grant ,a   
grant made to a m9ority-s]v+ in/itution 
or a hi/orically ,black college or      
univ]sity "u ! ,program %all be n less  
?an #bej1jjj4  7d7 ,use ( grant funds ,)
 a grant receiv$ "u ! ,program1 a       
m9ority-s]v+ in/itution or a hi/orically
 ,black college or univ]sity %all       
support ! creation or expansion (       
programs or initiatives t (f] bus9ess   
developm5t res\rces t support /ud5t     
entrepr5eurs enroll$ at ! m9ority-s]v+  
in/itution or hi/orically ,black college
 or univ]sity1 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 bus9ess          
ent]prise4  7e7 ,,msi submission        
requirem5t ,a m9ority-s]v+ in/itution or
 hi/orically ,black college or univ]sity
 to :i* a grant is made "u ! ,program   
%all1 ea* ye>1 submit to ! ,adm9i/rator 

a mid-ye> & ye>-end report1 ea* ( :i*   
%all conta91 = ! p]iod cov]$ by !       
report1 ! numb] (-- 7#a7 /ud5t          
entrepr5eurs tra9$1 assi/$1 & c\nsel$ ) 
! grant funds2  7#b7 bus9esses creat$   
?r\gh ! exp5diture ( ! grant funds1     
includ+1 ) respect to ea* su* bus9ess-- 
7,a7 ! "n ( ! bus9ess2  7,b7 a          
description ( ! bus9ess2 &  7,c7 ! am\nt
 ( grant funds exp5d$ 9 creat+ !        
bus9ess2  7#c7 /ud5t entrepr5eurs ref]r$
 to o!r res\rces ( ! ,small ,bus9ess    
,adm9i/ration2 &  7#d7 /ud5t            
entrepr5eurs p>ticipat+ 9 programs      
creat$ or exp&$ ?r\gh ! exp5diture ( !  
grant funds1 :i*1 to ! ext5t possible1  
%all be disaggregat$ by sex1 race1 &    
e?nicity4  7f7 ,report to ,congress ,n  
lat] ?an #ah mon?s aft] ! date on :i* ! 
fir/ grant is made "u ! ,program1 &     
annually !reaft]1 ! ,adm9i/rator %all   
submit to ,congress a report t conta9s  
in=mation reg>d+ ! m9ority-s]v+         
in/itutions & hi/orically ,black        
colleges or univ]sities 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 &       
hi/orically ,black college or univ]sity 
& ! am\nt ( ea* su* grant2  7#b7 ! numb]
 ( /ud5t entrepr5eurs tra9$1 assi/$1 &  
c\nsel$ ) ,program grant funds-- 7,a7 at
 ea* m9ority-s]v+ in/itution &          
hi/orically ,black college or univ]sity 
to :i* a grant 0 made "u ! ,program2 &  
7,b7 9 total "u ! ,program2  7#c7 !     
numb] ( bus9esses creat$ ?r\gh !        
exp5diture ( ,program grant funds-- 7,a7
 ) respect to ea* m9ority-s]v+          
in/itution & hi/orically ,black college 
or univ]sity 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 & hi/orically ,black college
 or univ]sity to :i* a grant 0 made "u !
 ,program2 &  7,b7 9 total "u !         
,program2  7#e7 ! numb] ( /ud5t         
entrepr5eurs p>ticipat+ 9 programs      

creat$ or exp&$ ?r\gh ! exp5diture (    
,program grant funds at ea* m9ority-s]v+
 in/itution & hi/orically ,black college
 or univ]sity to :i* a grant 0 made "u !
 ,program1 & 9 total "u ! ,program1 :i*1
 to ! ext5t possible1 %all be           
disaggregat$ by sex1 race1 & e?nicity2 &
  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$4  7g7 ,au?orization (
 appropriations ,!re are au?oriz$ to be 
appropriat$ to ! ,adm9i/rator           
#ej1jjj1jjj to c>ry out ?is section4    
#d4 ,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 & hi/orically  
,black colleges & univ]sities c bett]   
s]ve m9ority bus9esses & entrepr5eurs4  
7b7 ,memb]%ip ( ,bo>d ,! memb]s ( !     
,bo>d %all be-- 7#a7 appo9t$ by !       
,adm9i/rator2 &  7#b7 individuals )--   

7,a7 out/&+ qualifications2  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>d "u subsection 7a74  
7d7 ,inapplicability ( ,,faca ,! ,f$]al 
,advisory ,committee ,act 7#e ,u4,s4,c4 
,app47 %all n apply ) respect to ! ,bo>d
 or ! activities ( ! ,bo>d4