Minority And Disadvantaged Businesses
US Congress 116th Congress
Women and Minority Equity Investment Act of 2019 [S.1981]
[Small Business ]
[Race and Civil Rights ]
[Finance ]
[Investments ]
[Funding ]
Modifies eligibility requirements for Small Business Administration (SBA) contracting opportunities available to a woman- or minority-owned business. Currently, to be eligible for certain SBA programs, a woman or minority business owner must own an unconditional majority (at least 51%) of their business. However, the bill allows a woman- or minority-owned small business to maintain its contracting eligibility in the event a venture capital or private equity firm purchases an ownership stake in the business, so long as the purchasing enterprise is
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Sponsored by: Sen. Marco Rubio
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 06/26/2019
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Veterans Small Business Ownership Improvements Act [S.1998]
[Veterans ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
[Military ]
[Funding ]
[Grants ]
Establishes new veteran entrepreneurial development programs within the Small Business Administration (SBA) and makes adjustments to existing programs to provide access for veterans. Specifically, the bill authorizes the SBA to make grants to private nonprofit organizations to establish veteran's business outreach centers. Each center must provide individual counseling to small businesses, as well as training and counseling through online and in-person workshops and seminars. The bill also provides statutory authority for the Boots to Business Program,
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Sponsored by: Sen. Tim Kaine
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 06/26/2019
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United States Export Finance Agency Act of 2019 [HB-3407]
[Finance ]
[Small Business ]
[Energy ]
[Trade ]
[Budget and Spending ]
[Economic Development ]
Reauthorizes the U.S. Export-Import Bank through FY2026 and otherwise modifies its operations. Specifically, the bill redesignates the U.S. Export-Import Bank as the United States Export Finance Agency and increases the agency's lending cap over the period of its reauthorization. The bill also requires that at least an additional 5% of its total annual transactions are in support of small businesses. Additionally, the bill requires the agency to neutralize Chinese export subsidies by establishing a program to provide competitive financing. The bill
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Sponsored by: Rep. Patrick T. McHenry
Motion To Discharge Committee Filed By Mr. Davis, Rodney. Petition No: 116-4. on 11/14/2019
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Department of State, Foreign Operations, and Related Programs Permanent General Provisions Act of 2019 [S.1819]
[International ]
[Trade ]
[Defense ]
[National Security ]
[Military ]
[Human Rights ]
Makes permanent various foreign relations-related provisions. These include a general requirement that expenditures under certain Department of State contracts for consulting services are made public; a general prohibition against providing certain types of foreign assistance to a country whose duly elected head of government has been deposed in a military coup d'etat, a country in default of certain U.S. government loans, or a country that supports international terrorism; a general prohibition against assistance by the Export-Import Bank or the
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Sponsored by: Sen. Patrick J. Leahy
Read Twice And Referred To The Committee On Foreign Relations. on 06/12/2019
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To make improvements to the Mentor-Protégé Program of the Department of Defense, and for other purposes. [HB-3087]
[Defense ]
[Small Business ]
[Labor, Jobs, Employment ]
[Military ]
Revises the Department of Defense Mentor-Protege Program, under which disadvantaged small business concerns are assisted in participation as federal contractors. The bill permanently authorizes the program and removes its pilot designation, requires the establishment of performance goals, and modifies the definition of a business for purposes of the program, allowing it to be up to the size standard according to its primary North American Industry Classification System code.
Sponsored by: Rep. Anthony G. Brown
Introduced In House on 06/04/2019
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Improving Investment Research for Small and Emerging Issuers Act [HB-2919]
[Finance ]
[Small Business ]
[Investments ]
Requires the Securities and Exchange Commission to report on investment research regarding small issuers, including emerging growth companies and companies considering initial public offerings. The report must (1) include topics such as the availability of such research and potential conflicts of interest relating to its production and distribution, and (2) make recommendations for increasing small-issuer investment research.
Sponsored by: Rep. Bill Huizenga
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/10/2019
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Defense Small Business Advancement Act of 2019 [HB-2794]
[Defense ]
[Small Business ]
[Military ]
[Economic Development ]
Permanently reauthorizes the Department of Defense (DOD) Mentor-Protege Program, designed to help major defense contractors facilitate the participation of disadvantaged small business concerns as subcontractors and suppliers. The DOD Office of Small Business Programs shall establish performance goals and conduct periodic reviews of approved agreements between mentors and proteges.
Sponsored by: Rep. Tony Cardenas
Introduced In House on 05/16/2019
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BALE Act of 2019 Beginning Agriculturalist Lifetime Employment Act of 2019 [HB-2797]
[Agriculture ]
[Finance ]
[Inflation ]
[Small Business ]
[Funding ]
[Grants ]
[Labor, Jobs, Employment ]
Revises the limits for the Department of Agriculture (USDA) conservation loan guarantee program. The bill replaces the existing 80% limit on the portion of a loan that USDA may guarantee with limits that range from 80%-90%, depending on the principal amount of the loan. For socially disadvantaged or beginning farmers or ranchers, the bill replaces the existing 90% limit with limits that range from 85%-95%, depending on the principal amount of the loan. The bill also (1) prohibits USDA from guaranteeing a loan under the program that exceeds $3.5
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Sponsored by: Rep. Robin Kelly
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 06/10/2019
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Leading Infrastructure for Tomorrow’s America Act [HB-2741]
[Infrastructure ]
[Telecommunications ]
[Energy ]
[Healthcare ]
[Water ]
[Public Health ]
[Climate Change ]
[Environmental ]
[Funding ]
[Grants ]
[Budget and Spending ]
Reauthorizes a variety of programs and creates new programs for infrastructure development, including communication, drinking water, energy, or health care infrastructure. The bill provides support for communication infrastructure, such as funding to expand broadband internet access, or implement next generation 9-1-1 systems. In addition, the bill reauthorizes the Drinking Water State Revolving Fund through FY2024 and provides support for drinking water infrastructure, including support to: (1) remove and replace sources of lead in drinking water;
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Sponsored by: Rep. Barbara Lee
Referred To The Subcommittee On Energy And Mineral Resources. on 06/04/2019
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Federal Government Advertising Equity Accountability Act [HB-2576]
[Budget and Spending ]
[Small Business ]
[Media and Advertising ]
[Race and Civil Rights ]
[Economic Development ]
Requires the President to include information in each budget regarding executive agency expenditures for advertising services, including expenditures for the advertising services of socially and economically disadvantaged small businesses and of women and minority-owned businesses.
Sponsored by: Rep. Barbara Lee
Sponsor Introductory Remarks On Measure. (cr E559) on 05/08/2019
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Defense Small Business Advancement Act of 2019 [S.1320]
[Defense ]
[Small Business ]
[Military ]
[Economic Development ]
Permanently reauthorizes the Department of Defense (DOD) Mentor-Protege Program, designed to help major defense contractors facilitate the participation of disadvantaged small business concerns as subcontractors and suppliers. The DOD Office of Small Business Programs shall establish performance goals and conduct periodic reviews of approved agreements between mentors and proteges.
Sponsored by: Sen. Martin Heinrich
Read Twice And Referred To The Committee On Armed Services. on 05/06/2019
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HOMES Act Home Owner Managing Energy Savings Act of 2019 [HB-2043]
[Energy ]
[Housing ]
[Taxes ]
[Climate Change ]
[Grants ]
[Funding ]
[Native American Affairs ]
Provides incentives for homeowners to invest in energy efficiency improvements. Specifically, the Department of Energy (DOE) must establish the Home Energy Savings Retrofit Rebate Program. Under the program, DOE must provide rebates to reward homeowners for achieving home energy savings. Rebates may not exceed $10,000 per individual, or 50% of the qualified home energy efficiency expenditures paid or incurred by the homeowner. DOE must develop a network of rebate aggregators or a national rebate aggregator that can facilitate the delivery of rebates
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Sponsored by: Rep. David B. McKinley
Subcommittee Hearings Held. on 04/10/2019
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Accelerated Payments for Small Businesses Act of 2019 [HB-2322]
[Small Business ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Finance ]
[Economic Development ]
Establishes a goal for federal agencies to pay small business invoices within 15 days of receiving a proper invoice if a specific payment date is not established by contract.
Sponsored by: Rep. Alexander Mooney
Introduced In House on 04/15/2019
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SAFE Banking Act of 2019 Secure And Fair Enforcement Banking Act of 2019 [S.1200]
[Cannabis ]
[Finance ]
[Small Business ]
[Law Enforcement ]
Generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate marijuana-related business. Specifically, the bill prohibits a federal banking regulator from (1) terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate marijuana-related business; (2) prohibiting or otherwise discouraging a depository institution from offering financial services to such a business; (3)
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Sponsored by: Sen. Edward J. Markey
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/11/2019
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A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation. [S.1216]
[Taxes ]
[Native American Affairs ]
Modifies the requirements for calculating taxable income to make permanent the special depreciation rules for property used predominantly within an Indian reservation. (Under current law, the rules expired after 2017.)
Sponsored by: Sen. James M. Inhofe
Read Twice And Referred To The Committee On Finance. on 04/11/2019
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Build USA Infrastructure Act [S.1038]
[Infrastructure ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Construction ]
[Trade ]
[Manufacturing ]
Addresses highway infrastructure funding. The bill requires, for the five-year period beginning on October 1, 2020, the deposit of the first $21.4 billion of revenues collected by the U.S. Customs and Border Protection into the Highway Trust Fund. A state may enter into an agreement with the Federal Highway Administration (FHWA), for a period of three years or longer, under which it agrees to opt out of receiving at least 60% of funds out of the Highway Trust Fund that the state may receive during each year of the agreement for federal-aid highway
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Sponsored by: Sen. Dan Sullivan
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 04/04/2019
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Indian Community Economic Enhancement Act of 2019 [HB-1937]
[Community Development ]
[Economic Development ]
[Funding ]
[Grants ]
[Native American Affairs ]
[Small Business ]
Makes several revisions related to economic development for Native American communities. Specifically, the bill establishes duties for the Office of Native American Business Development, including (1) advising the Department of Commerce regarding the relationship between the United States and Indian tribes; and (2) serving as the point of contact for tribes, tribal organizations, and members of tribes regarding economic development and doing business in Indian lands. The bill also requires coordination between Commerce, the Department of the Interior,
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Sponsored by: Rep. Norma J. Torres
Referred To The Subcommittee On Indigenous Peoples Of The United States. on 04/16/2019
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SAFE Banking Act of 2019 Secure And Fair Enforcement Banking Act of 2019 [HB-1595]
[Cannabis ]
[Finance ]
[Small Business ]
[National Security ]
[Crime ]
Generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate marijuana- or hemp-related business. Specifically, the bill prohibits a federal banking regulator from (1) terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate marijuana- or hemp-related business; (2) prohibiting or otherwise discouraging a depository institution from offering financial services to
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Sponsored by: Rep. Sean Patrick Maloney
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 09/26/2019
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Economic Development Act for Distressed Zones of 2019 [HB-1525]
[Economic Development ]
[Taxes ]
[Small Business ]
[Community Development ]
[Budget and Spending ]
Provides various tax credits related to economically distressed zones and establishes a procedure for state and local governments to apply for such zone designation. Specifically, the bill provides credits to taxpayers in an economically distressed zone based on the amount of (1) wages paid by an employer to employees, (2) depreciation and amortization allowances for business property, and (3) trade or business payments made for purchases of services or property. The bill also allows state and local governments to apply for a population census tract
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Sponsored by: Rep. Don Young
Introduced In House on 03/05/2019
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Consumers First Act [HB-1500]
[Finance ]
[Student Loans ]
[Consumer Protection ]
[Housing ]
[Medicare and Medicaid ]
[Budget and Spending ]
[Veterans ]
[Senior Citizens ]
[Children and Youth ]
[Data Privacy ]
Revises provisions related to the administration of the Consumer Financial Protection Bureau (CFPB). (Sec. 3) The bill amends all statutory references to the "Bureau of Consumer Financial Protection" to refer instead to the "Consumer Financial Protection Bureau." (Sec. 5) Specified units, offices, and boards of the CFPB must perform their assigned duties and may not be renamed or reorganized. The bill establishes requirements for staffing levels, political appointees, and the publication of consumer complaints regarding consumer financial products
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Sponsored by: Rep. Gregory W. Meeks
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/23/2019