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Code · BILL · 116th Congress · S. 4818 (Introduced in Senate) — To provide assistance to small businesses affected by COVID–19, and for other purposes. · Sec. 713

Sec. 713. Minority Business Development Agency

349 words·~2 min read·/bill/116/s/4818/is/section-713·

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There is within the Department of Commerce the Minority Business Development Agency. The Agency shall be headed by an Assistant Secretary of Commerce for Minority Business Development, who shall be— appointed by the President, by and with the advice and consent of the Senate; and except as otherwise expressly provided, responsible for the administration of this subtitle. The Assistant Secretary shall be compensated at an annual rate of basic pay prescribed for level IV of the Executive Schedule under section 5315 of title 5, United States Code.
Not later than 120 days after the date of enactment of this Act, the Secretary shall submit to Congress a report that describes— the organizational structure of the Agency; the organizational position of the Agency within the Department of Commerce; and a description of how the Agency shall function in relation to the operations carried out by each other component of the Department of Commerce. There is established within the Agency an Office of Business Centers. The Office of Business Centers shall be administered by a Director, who shall be appointed by the Assistant Secretary.
The Assistant Secretary shall establish such other offices within the Agency as are necessary to carry out this subtitle. In order to carry out this subtitle, the Assistant Secretary may establish a regional office of the Agency for each of the regions of the United States, as determined by the Assistant Secretary. Each regional office established under subparagraph
(A)shall expand the reach of the Agency and enable the Federal Government to better serve the needs of minority business enterprises in the region served by the office, including by— understanding and participating in the business environment of that region; working with— Centers, as that term is defined in section 732, that are located in that region; and resource and lending partners of the Small Business Administration that are located in that region; being aware of business retention or expansion programs specific to that region; seeking out opportunities to collaborate with regional public and private programs that focus on minority business enterprises; and promoting business continuity and preparedness.
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