,,ii #aahth ,,congress #ast ,session ,s4 #adjb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #b1 #bjbc,ms4 ,rosen 7for herself and ,mr4 ,tillis7 introduced the following bill2 which was read twice and referred to the ,committee on ,small ,business and ,entrepreneurship ,a ,,bill ,to require the ,administrator of the ,small ,business ,administration1 in consultation with the ,under ,secretary of ,commerce for ,minority ,business ,development1 to establish a grant program to create or expand programs at minority-serving institutions and historically ,black colleges and universities that promote minority business ownership and entrepreneurship1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,minority ,entrepreneurship ,grant ,program ,act of #bjbc4 #b4 ,definitions ,in this ,act3 7#a7 ,administrator ,the term ,administrator means the ,administrator of the ,small ,business ,administration4 7#b7 ,board ,the term ,board means the ,minority ,entrepreneurship ,advisory ,board established under section #d7;a74 7#c7 ,historically ,black college or university ,the term historically ,black college or university means a part ,b institution1 as that term is defined in section #cbb of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajfa74 7#d7 ,minority ,the term minority includes an individual who is-- 7,a7 ,black or ,african ,american2 7,b7 ,hispanic or ,latino2 7,c7 ,native or ,indigenous ,american2 7,d7 ,asian2 7,e7 ,native ,hawaiian or other ,pacific ,islander2 7,f7 ,native ,alaskan2 or 7,g7 a member of a group that the ,minority ,business ,development ,agency of the ,department of ,commerce determines under part #adjj of title #ae1 ,code of ,federal ,regulations1 as in effect on ,november #bc1 #aihd1 is a socially disadvantaged group eligible to receive assistance4 7#e7 ,minority-serving institution ,the term minority-serving institution means any of the following3 7,a7 ,a ,hispanic-serving institution1 as that term is defined in section #ejb7;a7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #aaja;a7a774 7,b7 ,a ,tribal ,college or ,university1 as that term is defined in section #caf7;b7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajei;c7b774 7,c7 ,an ,alaska ,native-serving institution1 as that term is defined in section #cag7;b7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajei;d7b774 7,d7 ,a ,native ,hawaiian-serving institution1 as that term is defined in section #cag7;b7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajei;d7b774 7,e7 ,a ,predominantly ,black ,institution1 as that term is defined in section #cah7;b7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajei;e7b774 7,f7 ,a ,native ,american-serving1 nontribal institution1 as that term is defined in section #cai7;b7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajei;f7b774 7,g7 ,an ,asian ,american and ,native ,american ,pacific ,islander-serving institution1 as that term is defined in section #cbj7;b7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajei;g7b774 7#f7 ,program ,the term ,program means the grant program established under section #c7;a74 7#g7 ,small business concern ,the term small business concern has the meaning given the term in section #c7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb7;a774 7#h7 ,student entrepreneur ,the term student entrepreneur means a student who is-- 7,a7 a minority2 7,b7 enrolled at a minority-serving institution or a historically ,black college or university2 and 7,c7 seeking to establish or develop a business4 7#i7 ,under ,secretary ,the term ,under ,secretary means the ,under ,secretary of ,commerce for ,minority ,business ,development4 #c4 ,grant program 7a7 ,establishment ,not later than #ahj days after the date of enactment of this ,act1 the ,administrator1 in consultation with the ,under ,secretary1 shall establish a grant program within the ,small ,business ,administration1 the purpose of which shall be to create or expand programs at minority-serving institutions and historically ,black colleges and universities that foster1 promote1 and increase opportunities for minority business ownership4 7b7 ,application process ,a minority-serving institution or a historically ,black college or university seeking a grant under the ,program shall submit to the ,administrator an application that contains a description of-- 7#a7 the need for the grant funds to promote minority entrepreneurship and business ownership among student entrepreneurs enrolled at the minority-serving institution or the historically ,black college or university2 7#b7 how the grant funds will be used to carry out the activities described in paragraph 7#a72 7#c7 how the programs created or expanded with the grant funds will provide support to student entrepreneurs enrolled at the minority-serving institution or historically ,black college or university who-- 7,a7 seek support for an established business2 or 7,b7 need assistance in establishing a business2 and 7#d7 how the minority-serving institution or historically ,black college or university will create or expand programs or initiatives that-- 7,a7 increase minority business ownership2 and 7,b7 expand business resources to student entrepreneurs enrolled at the minority-serving institution or historically ,black college or university4 7c7 ,amount of grant ,a grant made to a minority-serving institution or a historically ,black college or university under the ,program shall be not less than #bej1jjj4 7d7 ,use of grant funds ,with a grant received under the ,program1 a minority-serving institution or a historically ,black college or university shall support the creation or expansion of programs or initiatives that offer business development resources that support student entrepreneurs enrolled at the minority-serving institution or historically ,black college or university1 such as-- 7#a7 free legal1 accounting1 human resources1 information technology1 marketing1 training1 counseling1 networking1 and technical assistance2 and 7#b7 access to capital resources1 such as the costs associated with forming a new business enterprise4 7e7 ,,msi submission requirement ,a minority-serving institution or historically ,black college or university to which a grant is made under the ,program shall1 each year1 submit to the ,administrator a mid-year and year-end report1 each of which shall contain1 for the period covered by the report1 the number of-- 7#a7 student entrepreneurs trained1 assisted1 and counseled with the grant funds2 7#b7 businesses created through the expenditure of the grant funds1 including1 with respect to each such business-- 7,a7 the name of the business2 7,b7 a description of the business2 and 7,c7 the amount of grant funds expended in creating the business2 7#c7 student entrepreneurs referred to other resources of the ,small ,business ,administration2 and 7#d7 student entrepreneurs participating in programs created or expanded through the expenditure of the grant funds1 which1 to the extent possible1 shall be disaggregated by sex1 race1 and ethnicity4 7f7 ,report to ,congress ,not later than #ah months after the date on which the first grant is made under the ,program1 and annually thereafter1 the ,administrator shall submit to ,congress a report that contains information regarding the minority-serving institutions and historically ,black colleges or universities to which grants were made under the ,program for the period covered by the report1 which shall include-- 7#a7 the name of each such minority-serving institution and historically ,black college or university and the amount of each such grant2 7#b7 the number of student entrepreneurs trained1 assisted1 and counseled with ,program grant funds-- 7,a7 at each minority-serving institution and historically ,black college or university to which a grant was made under the ,program2 and 7,b7 in total under the ,program2 7#c7 the number of businesses created through the expenditure of ,program grant funds-- 7,a7 with respect to each minority-serving institution and historically ,black college or university to which a grant was made under the ,program2 and 7,b7 in total under the ,program2 7#d7 the number of student entrepreneurs referred to resources of the ,small ,business ,administration-- 7,a7 at each minority-serving institution and historically ,black college or university to which a grant was made under the ,program2 and 7,b7 in total under the ,program2 7#e7 the number of student entrepreneurs participating in programs created or expanded through the expenditure of ,program grant funds at each minority-serving institution and historically ,black college or university to which a grant was made under the ,program1 and in total under the ,program1 which1 to the extent possible1 shall be disaggregated by sex1 race1 and ethnicity2 and 7#f7 a statement regarding whether any amounts made available to carry out this section remain unexpended1 as of the date on which the report is submitted4 7g7 ,authorization of appropriations ,there are authorized to be appropriated to the ,administrator #ej1jjj1jjj to carry out this section4 #d4 ,advisory board 7a7 ,in general ,not later than #ahj days after the date of enactment of this ,act1 the ,administrator shall establish a ,minority ,entrepreneurship ,advisory ,board to develop recommendations regarding how minority-serving institutions and historically ,black colleges and universities can better serve minority businesses and entrepreneurs4 7b7 ,membership of ,board ,the members of the ,board shall be-- 7#a7 appointed by the ,administrator2 and 7#b7 individuals with-- 7,a7 outstanding qualifications2 7,b7 knowledge regarding the needs of small business concerns that are owned by minorities2 and 7,c7 experience-- 7i7 working with startups2 or 7ii7 in providing consultation to small business concerns4 7c7 ,submission to ,congress ,not later than #ah months after the date of enactment of this ,act1 the ,administrator shall submit to ,congress the recommendations developed by the ,board under subsection 7a74 7d7 ,inapplicability of ,federal advisory committee requirements ,chapter #aj of title #e1 ,united ,states ,code1 shall not apply with respect to the ,board or the activities of the ,board4