US HB3633 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on July 9 2019 - 25% progression, died in committee
Action: 2019-07-09 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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 also owned by either a woman or minority.

Tracking Information

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Title

Women and Minority Equity Investment Act of 2019

Sponsors


History

DateChamberAction
2019-07-09HouseReferred to the House Committee on Small Business.
2019-07-09HouseIntroduced in House

Same As/Similar To

SB1981 (Same As) 2019-06-26 - Read twice and referred to the Committee on Small Business and Entrepreneurship.

Subjects


US Congress State Sources


Bill Comments

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