H.R. 4343 (111th): Minority Business Development Improvements Act of 2009

Introduced:
Dec 16, 2009 (111th Congress, 2009–2010)
Sponsor:
Rep. Bobby Rush [D-IL1]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 1902 (112th) on May 13, 2011.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on December 16, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 16, 2009
Cosponsors
14 cosponsors (14D) (show)
Committees

House Financial Services

House Oversight and Government Reform

The committee chair determines whether a bill will move past the committee stage.

Full Title

To establish in the Department of Commerce the Minority Business Development Program to provide qualified minority businesses with technical assistance, loan guarantees, and contracting opportunities, and for other purposes.

Summary

No summaries available.

Text

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Last updated Dec 16, 2009.
13 pages

Primary Source

View on THOMAS (The Library of Congress)

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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.

12/16/2009--Introduced.
Minority Business Development Improvements Act of 2009 - Requires the Director of the Minority Business Development Agency to establish the Minority Business Development Program to provide qualified minority businesses with technical assistance, loan guarantees, and contract procurement assistance. Outlines minority business qualification requirements for the Program, including that: (1) not less than 51% of the entity be directly and unconditionally owned by historically disadvantaged individuals; and (2) each officer or other individual exercising control over regular operations is a historically disadvantaged individual. Outlines specific types of technical assistance and loan guarantees authorized under the Program. Provides loan guarantee limits. Authorizes the Director to enter into agreements for the fulfillment of federal procurement contracts by, and contracting opportunities for, qualified minority businesses. Provides contract limits. Allows the Director to terminate a qualified minority business from the Program under specified circumstances.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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