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Code · BILL · 117th Congress · S. 2068 (Introduced in Senate) — To require the Minority Business Development Agency of the Department of Commerce to promote and administer programs... · Sec. 702

Sec. 702. Federal assistance

203 words·~1 min read·/bill/117/s/2068/is/section-702

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To carry out sections 101, 102, and 103(a), the Under Secretary may provide Federal assistance to public sector entities and private sector entities in the form of grants or cooperative agreements. Not later than 120 days after the date on which amounts are appropriated to carry out this section, the Under Secretary shall, in accordance with subsection (b), broadly publish a statement regarding Federal assistance that will, or may, be provided under paragraph
(1)during the fiscal year for which those amounts are appropriated, including— the actual, or anticipated, amount of Federal assistance that will, or may, be made available; the types of Federal assistance that will, or may, be made available; the manner in which Federal assistance will be allocated among public sector entities and private sector entities, as applicable; and the methodology used by the Under Secretary to make allocations under subparagraph (C). The Under Secretary shall consult with public sector entities and private sector entities, as applicable, in deciding the amounts and types of Federal assistance to make available under paragraph (1). In carrying out this section, the Under Secretary shall broadly publicize all opportunities for Federal assistance available under this section, including through the means required under section 116.
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