Minority And Disadvantaged Businesses

Federal
US Congress 116th Congress

Clarity in Credit Score Formation Act of 2019 [HB-3629] [Consumer Protection ] [Finance ] [Technology and Innovation ] [Data Privacy ]
Provides that the Consumer Financial Protection Bureau (CFPB) must regulate credit score models by establishing standards for validating the accuracy and predictive value of these models. The bill also gives the CFPB the authority to prohibit the use of certain factors in credit score models. The CFPB must report on the impact of the inclusion of nontraditional data in these models.

  

Sponsored by: Rep. Emanuel Cleaver Reported (amended) By The Committee On Financial Services. H. Rept. 116-307. on 11/21/2019

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US Congress 116th Congress

Strengthening Investment to Grow Manufacturing in America Act [S.2131] [Manufacturing ] [Small Business ] [Labor, Jobs, Employment ] [Veterans ] [Construction ] [Economic Development ] [Technology and Innovation ] [Finance ] [Budget and Spending ] [Funding ] [Grants ] [National Security ]
Provides incentives, investment, and resources for U.S. small manufacturers. Specifically, the bill increases the maximum loan guarantee rate for Small Business Association (SBA) loans to manufacturers, and it increases the limit for loans to be used for plant acquisition, construction, conversion, and expansion. The bill also eliminates guarantee fees paid by small manufacturers for loans under $350,000 and reduces the fees on loans over that amount. For acquisition and construction loans, the bill reduces the financing requirement for small manufacturers (continued...)

  

Sponsored by: Sen. Christopher A. Coons Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 07/16/2019

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US Congress 116th Congress

Expanding Broadcast Ownership Opportunities Act of 2019 [HB-3957] [Telecommunications ] [Taxes ] [Media and Advertising ] [Race and Civil Rights ] [Small Business ] [Economic Development ]
Requires the Federal Communications Commission (FCC) to increase diversity of ownership in the broadcasting industry. Specifically, the bill allows companies engaged in the qualifying sale of a broadcast station to receive favorable tax treatment by electing nonrecognition of the gain or loss resulting from the sale. To qualify for this treatment, the sale must result in or preserve ownership of a broadcast station by socially disadvantaged individuals. The bill also requires the FCC to foster investment in broadcast stations owned by socially disadvantaged (continued...)

  

Sponsored by: Rep. Barbara Lee Committee Consideration And Mark-up Session Held. on 09/09/2020

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Federal
US Congress 116th Congress

PROMISE Act Promoting Robust Opportunities for Minority Institutions and Strengthening Entrepreneurship Act [S.2126] [Small Business ] [Education ] [Veterans ] [Economic Development ] [Funding ] [Grants ] [Race and Civil Rights ]
Requires the Small Business Administration (SBA) to report on various aspects of its relationship with historically black colleges and universities (HBCUs), including the number of small business development centers located at HBCUs, the number of women's business centers and Veteran Business Outreach Centers that have partnerships with HBCUs, and the number of hours of training and education provided by a program overseen by the Office of Entrepreneurial Development of the SBA to students and graduates of HBCUs. In addition, the SBA is directed (continued...)

  

Sponsored by: Sen. Christopher A. Coons Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 07/16/2019

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Federal
US Congress 116th Congress

MORE Act of 2020 Marijuana Opportunity Reinvestment and Expungement Act of 2020 [HB-3884] [Cannabis ] [Crime ] [Small Business ] [Immigration ] [Taxes ] [Labor, Jobs, Employment ] [Funding ] [Criminal Justice ] [Law Enforcement ]
Decriminalizes marijuana. Specifically, it removes marijuana from the list of scheduled substances under the Controlled Substances Act and eliminates criminal penalties for an individual who manufactures, distributes, or possesses marijuana. The bill also makes other changes, including the following: replaces statutory references to marijuana and marihuana with cannabis, requires the Bureau of Labor Statistics to regularly publish demographic data on cannabis business owners and employees, establishes a trust fund to support various programs and (continued...)

  

Sponsored by: Rep. Raul M. Grijalva Received In The Senate And Read Twice And Referred To The Committee On Finance. on 12/07/2020

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Federal
US Congress 116th Congress

America's Transportation Infrastructure Act of 2019 [S.2302] [Infrastructure ] [Transportation and Motor Vehicles ] [Energy ] [Environmental ] [Climate Change ] [Public Safety ] [Funding ] [Grants ] [Animals ] [Native American Affairs ]
Addresses several provisions related to highway transportation infrastructure, including provisions to improve road safety, accelerate project completions, improve resiliency to disasters, and reduce highway emissions. Among other things, the bill reauthorizes several transportation programs from FY2021-FY2025, including the federal-aid highway program and the transportation infrastructure finance and innovation program; increases funding for tribal and federal lands transportation programs; provides for a bridge investment program to award competitive (continued...)

  

Sponsored by: Sen. Shelley Moore Capito By Senator Barrasso From Committee On Environment And Public Works Filed Written Report. Report No. 116-200. on 01/08/2020

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US Congress 116th Congress

Strengthening Investment to Grow Manufacturing in America Act [HB-3730] [Manufacturing ] [Small Business ] [Labor, Jobs, Employment ] [Veterans ] [Economic Development ] [Construction ] [Technology and Innovation ] [Finance ] [Budget and Spending ] [National Security ]
Provides incentives, investment, and resources for U.S. small manufacturers. Specifically, the bill increases the maximum loan guarantee rate for Small Business Association (SBA) loans to manufacturers, and it increases the limit for loans to be used for plant acquisition, construction, conversion, and expansion. The bill also eliminates guarantee fees paid by small manufacturers for loans under $350,000 and reduces the fees on loans over that amount. For acquisition and construction loans, the bill reduces the financing requirement for small manufacturers (continued...)

  

Sponsored by: Rep. Tim Ryan Introduced In House on 07/11/2019

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US Congress 116th Congress

The Small Business Innovation Research and Small Business Technology Transfer Improvements Act of 2019 [HB-3774] [Small Business ] [Technology and Innovation ] [Cybersecurity ] [Manufacturing ] [Defense ] [Science ] [Economic Development ] [Funding ] [Grants ]
Modifies the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs administered by the Small Business Administration (SBA). Specifically, the bill requires the Department of Defense to report on the goals and incentives used to increase awards of SBIR and STTR contracts; prioritizes innovation in manufacturing and cybersecurity; directs federal agencies to issue Phase III awards to technology developers without requiring further competition; requires agencies' senior procurement executives to coordinate (continued...)

  

Sponsored by: Rep. Josh Gottheimer Introduced In House on 07/16/2019

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US Congress 116th Congress

The Small Business Innovation Research and Small Business Technology Transfer Improvements Act of 2019 [HB-3774] [Small Business ] [Technology and Innovation ] [Cybersecurity ] [Manufacturing ] [Defense ] [Science ] [Economic Development ] [Funding ] [Grants ]
Modifies the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs administered by the Small Business Administration (SBA). Specifically, the bill requires the Department of Defense to report on the goals and incentives used to increase awards of SBIR and STTR contracts; prioritizes innovation in manufacturing and cybersecurity; directs federal agencies to issue Phase III awards to technology developers without requiring further competition; requires agencies' senior procurement executives to coordinate (continued...)

  

Sponsored by: Rep. Josh Gottheimer Introduced In House on 07/16/2019

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US Congress 116th Congress

MORE Act of 2019 Marijuana Opportunity Reinvestment and Expungement Act of 2019 [S.2227] [Cannabis ] [Crime ] [Small Business ] [Immigration ] [Taxes ] [Labor, Jobs, Employment ] [Criminal Justice ] [Law Enforcement ]
Decriminalizes marijuana. Specifically, it removes marijuana from the list of scheduled substances under the Controlled Substances Act and eliminates criminal penalties for an individual who manufactures, distributes, or possesses marijuana. The bill also makes other changes, including the following: replaces statutory references to marijuana and marihuana with cannabis, requires the Bureau of Labor Statistics to regularly publish demographic data on cannabis business owners and employees, establishes a trust fund to support various programs and (continued...)

  

Sponsored by: Sen. Cory A. Booker Read Twice And Referred To The Committee On Finance. on 07/23/2019

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Federal
US Congress 116th Congress

Build Local, Hire Local Act [HB-4101] [Infrastructure ] [Labor, Jobs, Employment ] [Veterans ] [Small Business ] [Transportation and Motor Vehicles ] [Budget and Spending ] [Grants ] [Economic Development ] [Construction ] [Manufacturing ] [Public Safety ] [Community Development ] [Funding ]
Imposes various requirements on certain federally assisted infrastructure projects. The bill also creates infrastructure-related grant programs and establishes the Buy America Bureau. Such federally assisted infrastructure projects must (1) employ a certain percentage of local workers to the maximum extent practicable; and (2) prioritize hiring certain individuals, such as veterans and those facing barriers to employment. A certain percentage of funds for such projects shall be used for contracts with small businesses and certain targeted businesses, (continued...)

  

Sponsored by: Rep. Raul M. Grijalva Referred To The Subcommittee On Transportation And Maritime Security. on 08/21/2019

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US Congress 116th Congress

Build Local, Hire Local Act [S.2404] [Infrastructure ] [Labor, Jobs, Employment ] [Small Business ] [Veterans ] [Transportation and Motor Vehicles ] [Budget and Spending ] [Construction ] [Community Development ] [Economic Development ] [Funding ] [Grants ] [Manufacturing ] [Public Safety ]
Imposes various requirements on certain federally assisted infrastructure projects. The bill also creates infrastructure-related grant programs and establishes the Buy America Bureau. Such federally assisted infrastructure projects must (1) employ a certain percentage of local workers to the maximum extent practicable; and (2) prioritize hiring certain individuals, such as veterans and those facing barriers to employment. A certain percentage of funds for such projects shall be used for contracts with small businesses and certain targeted businesses, (continued...)

  

Sponsored by: Sen. Dianne Feinstein Read Twice And Referred To The Committee On Environment And Public Works. on 07/31/2019

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US Congress 116th Congress

Expanding Broadcast Ownership Opportunities Act of 2019 [S.2433] [Telecommunications ] [Taxes ] [Media and Advertising ] [Small Business ] [Race and Civil Rights ] [Economic Development ]
Requires the Federal Communications Commission (FCC) to increase diversity of ownership in the broadcasting industry. Specifically, the bill allows companies engaged in the qualifying sale of a broadcast station to receive favorable tax treatment by electing nonrecognition of the gain or loss resulting from the sale. To qualify for this treatment, the sale must result in or preserve ownership of a broadcast station by socially disadvantaged individuals. The bill also requires the FCC to foster investment in broadcast stations owned by socially disadvantaged (continued...)

  

Sponsored by: Sen. Brian Schatz Read Twice And Referred To The Committee On Finance. on 08/01/2019

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Federal
US Congress 116th Congress

Comprehensive CREDIT Act of 2020 Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act of 2020 [HB-3621] [Consumer Protection ] [Data Privacy ] [Housing ] [Cybersecurity ] [Technology and Innovation ] [Student Loans ] [Military ] [Senior Citizens ] [Veterans ] [Labor, Jobs, Employment ] [National Security ] [Public Health ]
Provides for additional consumer credit protections, sets forth requirements for credit reporting agencies, and prohibits the inclusion of specified information on credit reports. TITLE I—IMPROVEMENTS TO THE DISPUTE PROCESS The dispute process for consumers challenging information contained on their credit report is revised for challenges (1) through the credit reporting agency, and (2) through the furnisher of credit information. Credit reporting agencies must disclose to consumers how to dispute this information. If a credit report is revised (continued...)

  

Sponsored by: Rep. Alexandria Ocasio-Cortez Received In The Senate. on 01/30/2020

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Federal
US Congress 116th Congress

Homegrown Act of 2019. [HB-3544] [Cannabis ] [Crime ] [Small Business ] [Grants ] [Criminal Justice ]
Removes marijuana from the list of scheduled substances under the Controlled Substances Act and eliminates criminal penalties for an individual who manufactures, distributes, or possesses with intent to distribute marijuana. Additionally, the bill requires the Small Business Administration to establish the Equitable Licensing Grant Program. The purpose of the grant program is to support the implementation of cannabis licensing programs that minimize barriers to licensing and employment for individuals adversely impacted by the war on drugs.

  

Sponsored by: Rep. Dwight Evans Referred To The Subcommittee On Crime, Terrorism, And Homeland Security. on 07/30/2019

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US Congress 116th Congress

Veterans Enhancing Transportation Act [S.2031] [Transportation and Motor Vehicles ] [Veterans ] [Small Business ]
Revises reporting requirements for state governments with respect to the disadvantaged business enterprise program of the Department of Transportation. Each state government may report information concerning small businesses that are owned and controlled by veterans who are not socially and economically disadvantaged individuals.

  

Sponsored by: Sen. John Barrasso Read Twice And Referred To The Committee On Environment And Public Works. on 06/27/2019

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US Congress 116th Congress

Veterans Enhancing Transportation Act [S.2031] [Transportation and Motor Vehicles ] [Veterans ] [Small Business ]
Revises reporting requirements for state governments with respect to the disadvantaged business enterprise program of the Department of Transportation. Each state government may report information concerning small businesses that are owned and controlled by veterans who are not socially and economically disadvantaged individuals.

  

Sponsored by: Sen. John Barrasso Read Twice And Referred To The Committee On Environment And Public Works. on 06/27/2019

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US Congress 116th Congress

Promoting Small Business Innovation through Partnerships with National Labs Act of 2019 [HB-3574] [Energy ] [Small Business ] [Technology and Innovation ] [Science ] [Economic Development ] [Funding ] [Grants ]
Directs the Department of Energy to establish a program to provide qualified small business concerns with vouchers that may be used at National Laboratories and single-purpose research facilities for activities such as research and development.

  

Sponsored by: Sen. Ben Ray Lujan Introduced In House on 06/27/2019

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US Congress 116th Congress

Small Businesses Partnering with National Labs Act of 2019 [S.2009] [Energy ] [Small Business ] [Technology and Innovation ] [Budget and Spending ] [Funding ] [Grants ] [Economic Development ] [Science ]
Directs the Department of Energy to establish a program to provide qualified small business concerns with vouchers that may be used at National Laboratories and single-purpose research facilities for activities such as research and development. In addition, the bill authorizes the Department of the Treasury to locate and recover unclaimed U.S. government assets on behalf of any agency and to retain a portion thereof to cover administrative and operational costs.

  

Sponsored by: Sen. Christopher A. Coons Read Twice And Referred To The Committee On Energy And Natural Resources. on 06/27/2019

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Federal
US Congress 116th Congress

Small Businesses Partnering with National Labs Act of 2019 [S.2009] [Energy ] [Small Business ] [Technology and Innovation ] [Budget and Spending ] [Funding ] [Grants ] [Economic Development ] [Science ]
Directs the Department of Energy to establish a program to provide qualified small business concerns with vouchers that may be used at National Laboratories and single-purpose research facilities for activities such as research and development. In addition, the bill authorizes the Department of the Treasury to locate and recover unclaimed U.S. government assets on behalf of any agency and to retain a portion thereof to cover administrative and operational costs.

  

Sponsored by: Sen. Christopher A. Coons Read Twice And Referred To The Committee On Energy And Natural Resources. on 06/27/2019

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