To require the Administrator of the Small Business Administration, in consultation with the Under Secretary of Commerce for Minority Business Development, 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 entrepreneurship, and for other purposes.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Minority Entrepreneurship Grant Program Act of 2023, creates definitions In this Act: The term Administrator means the Administrator of the Small Business Administration, and creates grant program Not later than 180 days after the date of enactment of this Act, the Administrator, in consultation with the Under Secretary, shall establish a grant program within the Small Business. It relies on grants, reporting requirements, compliance mandates, and definition changes. The main policy areas are Education, Finance, Environment, and Science & Space.
Who Benefits and How
Educational institutions and students affected by the bill could face lower compliance burdens, Businesses and employers affected by the bill could gain revenue opportunities, and Tribal governments and members affected by the bill could gain revenue opportunities.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Creates short title This Act may be cited as the Minority Entrepreneurship Grant Program Act of 2023.
- Creates definitions In this Act: The term Administrator means the Administrator of the Small Business Administration.
- Creates grant program Not later than 180 days after the date of enactment of this Act, the Administrator, in consultation with the Under Secretary, shall establish a grant program within the Small Business...
- Requires advisory board Not later than 180 days after the date of enactment of this Act, the Administrator shall establish a Minority Entrepreneurship Advisory Board to develop recommendations regarding how...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the Minority Entrepreneurship Grant Program Act of 2023, creates definitions In this Act: The term Administrator means the Administrator of the Small Business Administration, and creates grant program Not later than 180 days after the date of enactment of this Act, the Administrator, in consultation with the Under Secretary, shall establish a grant program within the Small Business.
Key Policy Areas
Education, Finance, Environment, Science & Space
Primary Purpose
The bill creates short title This Act may be cited as the Minority Entrepreneurship Grant Program Act of 2023, creates definitions In this Act: The term Administrator means the Administrator of the Small Business Administration, and creates grant program Not later than 180 days after the date of enactment of this Act, the Administrator, in consultation with the Under Secretary, shall establish a grant program within the Small Business.
Policy Domains
Whole bill
Identified Gains
- Educational institutions and students affected by the bill
- Businesses and employers affected by the bill
- Tribal governments and members affected by the bill
- Researchers and scientific institutions affected by the bill
- Environmental and public health interests affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Sponsors
Jacky Rosen
D-NV | Primary Sponsor
Legislative Progress
IntroducedMs. Rosen (for herself and Mr. Tillis) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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