GovTrack’s Bill Summary
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Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
TABLE OF CONTENTS:
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.
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.
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 Administration to study and report to specified congressional committees on alternatives for providing capital formation assistance to qualified disadvantaged businesses.
Management Educational Development
Requires the Administration to: (1) encourage universities, business leaders, and other entities to offer scholarships, sponsor seminars, and provide internships for the benefit of disadvantaged individuals; and (2) accelerate curriculum design in support of disadvantaged business development.
Research and Information
Authorizes the Administration to: (1) provide financial assistance to public and private organizations to assist the Administration in collecting data on the causes for success and failure of disadvantaged businesses and in conducting research on how economic conditions affect their development; (2) develop a data bank on disadvantaged businesses; and (3) establish an information clearinghouse for pertinent data.
Administrative and Other Powers of the Administration; Miscellaneous Provisions
Sets forth the administrative powers of the Administration. Authorizes appropriations.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
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