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]
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.
Title
Women and Minority Equity Investment Act of 2019
Sponsors
Rep. Robin Kelly [D-IL] | Rep. Karen Bass [D-CA] | Rep. Joyce Beatty [D-OH] |
History
Date | Chamber | Action |
---|---|---|
2019-07-09 | House | Referred to the House Committee on Small Business. |
2019-07-09 | House | Introduced 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
Administrative law and regulatory procedures
Business investment and capital
Commerce
Minority and disadvantaged businesses
Public contracts and procurement
Small business
Small Business Administration
Women in business
Business investment and capital
Commerce
Minority and disadvantaged businesses
Public contracts and procurement
Small business
Small Business Administration
Women in business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/3633/all-info |
Text | https://www.congress.gov/116/bills/hr3633/BILLS-116hr3633ih.pdf |