,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #ddii  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #f1 #bjbc,ms4   
,/ev5s 7= h]self & ,mrs4 ,beatty7       
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices1 & 9
 addition to ! ,committee on ,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% a grant program to 
provide m9ority bus9ess ent]prises      
access to entrepr5eur%ip opportunities1 
& = o!r purposes4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,increas+ &        
,develop+ ,entrepr5eur%ip ,access ,act (
 #bjbc or ! ,,idea ,act ( #bjbc4  #b4   
,grants to provide m9ority bus9ess      
ent]prises access to entrepr5eur%ip     
opportunities  7a7 ,e/abli%m5t ,n lat]  
?an #ahj days aft] ! date ( ! enactm5t (
 ?is section1 ! ,"u ,secret>y ( ,comm]ce
 = ,m9ority ,bus9ess ,developm5t %all   
e/abli% a program to provide grants to  

bus9ess accel]ator entities to provide  
entrepr5eur%ip opportunities to m9ority 
bus9ess ent]prises4  7b7 ,application ,!
 ,"u ,secret>y may provide a grant "u   
?is section to a bus9ess accel]ator     
entity only if ! entity submits to ! ,"u
 ,secret>y an application at su* "t1 9  
su* mann]1 & conta9+ su* in=mation z !  
,"u ,secret>y may reasonably require4   
7c7 ,am\nt & duration ,! am\nt ( a grant
 provid$ "u ?is section %all be         
#a1jjj1jjj ea* ye> = five consecutive   
ye>s4  7d7 ,f$]al %>e ,! ,f$]al %>e ( a 
grant provid$ ?is section to a bus9ess  
accel]ator entity may n exce$ #ge p]c5t 
( ! total am\nt ( funds provid$ by !    
entity to c>ry out activities us+ grant 
funds4  7e7 ,use ( funds  7#a7 ,9 g5]al 
,a grant provid$ "u ?is section %all be 
us$ by a bus9ess accel]ator entity to   
provide-- 7,a7 capital1 includ+ direct  
ca% transf]s ( grant funds1 to m9ority  
bus9ess ent]prises 9 ! region2  7,b7    
network+ programs t connect m9ority     
bus9ess ent]prises to s\rces ( capital &

 innovation 9 ! region2 &  7,c7 any o!r 
assi/ance t ! ,"u ,secret>y det]m9es to 
be appropriate = m9ority bus9ess        
ent]prises 9 ! region4  7#b7 ,region    
describ$ ,a region describ$ 9 ?is       
subsection is a region 9 :i* n less ?an 
#ae m9ority bus9ess ent]prises ) rev5ues
 n less ?an #bej1jjj are locat$4  7f7   
,report ,! ,"u ,secret>y %all submit to 
,congress1 = ea* fiscal ye> 9 :i* ! ,"u 
,secret>y provides grants "u ?is        
section1 a report on ! program e/abli%$ 
"u ?is section1 includ+-- 7#a7 an       
id5tification ( ! numb] ( grants provid$
 9 su* fiscal ye> & ! total am\nt ( su* 
grants2  7#b7 an id5tification ( ! numb]
 ( m9ority bus9ess ent]prises t h       
receiv$ assi/ance f su* entities 9 su*  
fiscal ye>2 &  7#c7 a description ( any 
noncompliance by any bus9ess accel]ator 
entity & ! am\nt ( funds su* entity has 
receiv$4  7g7 ,misdemeanor ,a bus9ess   
accel]ator entity t receives a grant "u 
?is section t kn[+ly uses am\nts "u !   
grant = any purpose n o!rwise p]mitt$ "u

 ! program e/abli%$ by ?is section or :o
 kn[+ly attempts to d s1 %all be f9$ z  
provid$ 9 title #ah1 ,unit$ ,/ates      
,code1 or imprison$ = n m ?an "o ye>1 or
 bo?4  7h7 ,def9itions ,9 ?is section3  
7#a7 ,bus9ess accel]ator entity ,! t]m  
bus9ess accel]ator entity means an      
entity t-- 7,a7 engages 9 a p>tn]%ip )  
public or private organizations t t>get 
m9ority bus9ess ent]prises2  7,b7       
provides opportunities to scale m9ority 
own$ bus9ess ent]prises ?r\gh se$       
inve/m5t or network+ opportunities2 or  
7,c7 (f]s />t-up capital or             
opportunities to raise capital f outside
 inve/ors = m9ority bus9ess ent]prises4 
7#b7 ,m9ority bus9ess ent]prise ,! t]m  
m9ority bus9ess ent]prise has ! mean+   
giv5 su* t]m 9 section #aajh7;a7 ( !    
,,c>es ,act 7#ae ,u4,s4,c4 #ijjg7;a774  
7#c7 ,"u ,secret>y ,! t]m ,"u ,secret>y 
means ! ,"u ,secret>y ( ,comm]ce =      
,m9ority ,bus9ess ,developm5t4  7i7     
,au?orization ( appropriations ,!re is  
au?oriz$ to be appropriat$ to c>ry out  

?is section #be1jjj1jjj = ea* ( ! fiscal
 ye>s #bjbd ?r\gh #bjbh4