Minority Business Development Act of 1987

[AI summary unavailable — showing source text] Minority Business Development Act of 1987 - Redesignates the Minority Business Development Agency in the Department of Commerce as the Minority Business Development Administration, to be headed by an Assistant Secretary of Commerce appointed by the President, with the advice and consent of the Senate. Requires the Secretary of Commerce to report to the Congress on the organizational structure within the Administration and its organizational position in the Department of Commerce. Title I: Market Development - Empowers the Administration to: (1) assist disadvantaged businesses in penetrating domestic and foreign markets by making available to them management and technological assistance, a skilled labor pool, and financial and marketing services; and (2) encourage disadvantaged firms to establish joint ventures and projects to increase their share of the market. Allows the Assistant Secretary of the Administration, if certain conditions are met to approve any agreement between disadvantaged firms or public or private sector organizations providing for a joint program for market development. Exempts from the antitrust laws or the Federal Trade Commission Act any act within the scope …