Economic Ownership and Development Act of 1990

[AI summary unavailable — showing source text] Economic Ownership and Development Act of 1990 - Title I: General Provisions - States the findings and purposes of, and definitions of terms used in, this Act. Title II: Contracting with Disadvantaged Business Concerns - Mandates that each Federal agency annually award a specified percentage of all covered contracts and subcontracts to disadvantaged business concerns. Sets forth criminal penalties for misrepresentation to secure such a contract. Title III: Subcontracting with Disadvantaged Business Concerns - Mandates that each Federal solicitation for contracts include the requirement for a subcontracting plan meeting specified criteria regarding the use of disadvantaged business concerns. Title IV: Outreach and Assistance Program - Requires each Federal agency to establish a disadvantaged business concern outreach and assistance program according to prescribed guidelines. Authorizes such agencies to offer such business concerns a bonding and general financial assistance program. Title V: Reports and Statistical Data - Mandates that each Federal agency report annually to the Congress regarding its contract activities. Requires the Bureau of Labor Statistics to include in its censu…