S. 1255: Minority Business Resiliency Act of 2021

117th Congress · introduced 2021-04-20 · Commerce · Latest: Read twice and referred to the Committee on Commerce, Science, and Transportation.

federal

Follow this bill, step by step

Where it came from: introduced 2021-04-20 · official record
Who proposed it: Sen. Cardin, Benjamin L. [D-MD] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Commerce, Science, and Transportation. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Minority Business Resiliency Act of 2021

Plain summary

Minority Business Resiliency Act of 2021 This bill permanently authorizes the Minority Business Development Agency (MBDA) and requires the MBDA to promote and administer programs that assist the development of minority business enterprises (MBEs). Specifically, the bill requires the MBDA to (1) provide assistance to MBEs in domestic and foreign markets by making available specified resources, (2) promote the position of MBEs in local economies, and (3) collect data on the causes of MBE success or failure and research how economic conditions affect the development of MBEs. The bill establishes formal processes for the MBDA Business Center Program and the MBDA Rural Business Center Program through which business centers provide programs and services to support MBEs. The bill also establishes new initiatives to promote economic resiliency for minority businesses, including (1) an annual forum to review problems and programs relating to capital formation by MBEs, (2) a study and report on alternative financing solutions for MBEs, and (3) entrepreneurship education grants for certain institutions of higher education to develop and implement entrepreneurship curricula. Further, the bill establishes grants for (1) certain nonprofit organizations that provide services to MBEs as one of their primary activities, and (2) MBEs for the purpose of supporting MBEs or helping MBEs remain in business. The Government Accountability Office must report on the programs carried out pursuant to the bill.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

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What does this mean? (plain words)

Official text

Minority Business Resiliency Act of 2021

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Cardin, Benjamin L. [D-MD] · 21 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Maria Cantwell (D-WA), Alex Padilla (D-CA), Jacky Rosen (D-NV), Cory A. Booker (D-NJ), Catherine Cortez Masto (D-NV), Chris Van Hollen (D-MD), Raphael G. Warnock (D-GA), Ron Wyden (D-OR), Charles E. Schumer (D-NY), Richard Blumenthal (D-CT), Ben Ray Luján (D-NM), Richard J. Durbin (D-IL), Tina Smith (D-MN), Bernard Sanders (I-VT), Christopher A. Coons (D-DE), Tammy Duckworth (D-IL), Tammy Baldwin (D-WI), Jeff Merkley (D-OR)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Ballot initiative: A proposed law or constitutional amendment that citizens place on the ballot by gathering enough voter signatures, so voters decide it directly. About half the states allow some form of it.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117s1255.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/s>

Record fed-us-cong117-s1255 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117