HR 6348
To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill provides $3 billion to fully implement a program designed to create and support equity funds for minority-owned businesses. The Minority Business Development Agency will award a grant to manage these funds, allowing them to be used as capital investments in these businesses. The bill also establishes requirements for reporting, auditing, and administrative expenses associated with the program, ensuring accountability and transparency.
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