Sec. 2. Definitions

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In this Act: The term Administrator means the Administrator of the Small Business Administration. The term Board means the Minority Entrepreneurship Advisory Board established under section 4(a). The term historically Black college or university means a part B institution, as that term is defined in section 322 of the Higher Education Act of 1965 ( 20 U.S.C. 1061 ). The term minority means an individual who is— Black or African American; Hispanic or Latino; Native or Indigenous American;

Asian; Native Hawaiian or other Pacific Islander; Native Alaskan; or a member of a group that the Minority Business Development Agency of the Department of Commerce determines under part 1400 of title 15, Code of Federal Regulations, as in effect on November 23, 1984, is a socially disadvantaged group eligible to receive assistance. The term minority-serving institution means any of the following types of institutions: A historically Black college or university. A Hispanic-serving institution, as that term is defined in section 502(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1101a(a) ).

A Tribal College or University, as that term is defined in section 316(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1059c(b) ). An Alaska Native-serving institution, as that term is defined in section 317(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1059d(b) ). A Native Hawaiian-serving institution, as that term is defined in section 317(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1059d(b) ). A Predominantly Black Institution, as that term is defined in section 318(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1059e(b) ).

A Native American-serving, nontribal institution, as that term is defined in section 319(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1059f(b) ). An Asian-American and Native American Pacific Islander-serving institution, as that term is defined in section 320(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1059g(b) ). The term Program means the grant program established under section 3(a). The term small business concern has the meaning given the term in section 3(a) of the Small Business Act ( 15 U.S.C. 632(a) ).

The term student entrepreneur means a minority student who seeks to establish or develop a small business concern. The term Under Secretary means Under Secretary of Commerce for Minority Business Development of the Minority Business Development Agency (established under section 100002 of the Minority Business Development Act of 2021 ( 15 U.S.C. 9501 )).

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