H.R. 2809 (112th): Microenterprise and Youth Entrepreneurship Development Act of 2011

Introduced:
Aug 05, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Cedric Richmond [D-LA2]
Status:
Died (Referred to Committee)

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 September 6, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Aug 05, 2011
Referred to Committee Sep 06, 2011
Cosponsors
26 cosponsors (26D) (show)
Committees

House Education and the Workforce

House Financial Services

House Small Business

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

Full Title

To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to improve the microenterprise technical assistance and capacity building grant program, to establish an Office of Youth Entrepreneurship in the Small Business Administration, and for other purposes.

Summary

No summaries available.

Text

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Last updated Sep 06, 2011.
10 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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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.

8/5/2011--Introduced.
Microenterprise and Youth Entrepreneurship Development Act of 2011 - Amends the Riegle Community Development and Regulatory Improvement Act of 1994 for purposes of the microenterprise technical assistance and capacity building grant program to include in the definition of "disadvantaged entrepreneur" a microentrepreneur operating or intending to operate a business in an investment area.
Increases to 60% (currently, 50%) the minimum percentage of such grants required to be used to benefit very low-income persons, including those residing on Indian reservations.
Requires the Administrator of the Small Business Administration (SBA) to consider the impact of the 2007-2009 economic crisis on an applicant's geographic area when deciding whether to reduce or eliminate matching requirements for applicants with severe constraints on available funding sources.
Directs the Administrator to establish an SBA Microenterprise Coordinator position.
Requires the Administrator to establish an Office of Youth Entrepreneurship and appoint a Director to carry out:
(1) the youth entrepreneur technical assistance grant program to make grants to assist entities, including nonprofit microenterprise development organizations, to provide individuals under 25 years of age with technical assistance related to entrepreneurship; and
(2) the youth entrepreneurship curriculum grant program to make grants to applying local educational agencies of states and federally recognized Indian tribes.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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