S 1981
Women and Minority Equity Investment Act of 2019
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- Passed House
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- Became Law
Bill overview
This bill, the Women and Minority Equity Investment Act of 2019, modifies rules for small businesses owned by women or minorities seeking contracts with the Small Business Administration (SBA). Currently, these businesses must hold an unconditional majority ownership stake (51% or more). The bill allows businesses to maintain their eligibility if a venture capital or private equity firm invests, as long as the firm itself is also owned by a woman or minority. This change aims to support these businesses and their continued access to SBA contracts.
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Primary sponsor
Cosponsor
Marco Rubio
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