Code · BILL · 116th Congress · S. 5011 (Introduced in Senate) — To codify the Minority Business Development Agency of the Department of Commerce, and for other purposes. · Sec. 2

Sec. 2. Purposes

53 words·~1 min read·/bill/116/s/5011/is/section-2

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The purposes of this Act, and the amendments made by this Act, are to— ensure that underserved communities have access to capital to promote economic revitalization; respond to the unprecedented loss of jobs and minority-owned businesses as a result of the COVID–19 pandemic; and further encourage long-term investments in low-income and minority communities.