HR 114 · 104th Congress · Commerce

Minority Business Development Act of 1993

Introduced 1995-01-04· Sponsored by Rep. Mfume, Kweisi [D-MD-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Domestic and International Monetary Policy.(1995-01-27)

Plain Language Summary

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Market Development Title II: Capital Formation Title III: Management Educational Development Title IV: Research and Information Title V: Administrative and Other Powers of the Administration; Miscellaneous Provisions Minority Business Development Act of 1993 - Redesignates the Minority Business Development Agency in the Department of Commerce as the Minority Business Development Administration. Title I: Market Development - Empowers the Administration to: (1) assist disadvantaged businesses in penetrating domestic and foreign markets; and (2) encourage disadvantaged firms to establish joint ventures and projects to increase their share of the market. Exempts from the antitrust laws and the Federal Trade Commission Act any act within the scope of any approved joint program for market development. Authorizes the Administration to provide financial assistance to public and private entities to carry out this Act. Title II: Capital Formation - Authorizes the Administration to defray all or part of the costs of pilot projects conducted by public or private organizations and designed to assist disadvantaged businesses in obtaining equity capital. Directs the Ad…

Summarized by Claude AI · Non-partisan · For informational purposes only