S. 294 · 116th Congress
Native American Business Incubators Program Act
Law · 116-174 · Oct 20, 2020Key: what the circles and colors mean
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Became law without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted.
D
UdallSponsor5 cosponsors · 5 D
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- Senate Introduced Jan 31, 2019
- Senate Passed Jun 27, 2019
- House Passed Sep 21, 2020
- President To the President Oct 9, 2020
- President Signed Oct 20, 2020
- Law Oct 20, 2020
This bill establishes a grant program to provide business incubation and other business services to Native American entrepreneurs and businesses.
What it does: CRS summary · Public Law · Oct 20, 2020
Native American Business Incubators Program Act
This bill establishes a grant program to provide business incubation and other business services to Native American entrepreneurs and businesses.
(Sec. 4) Specifically, the bill requires the Department of the Interior to establish a grant program in the Office of Indian Energy and Economic Development for establishing and operating business incubators that serve Native American communities. A business incubator is an organization that (1) provides physical workspace and facilities resources to start-ups and established businesses, and (2) is designed to accelerate the growth and success of businesses through a variety of business support resources and services. Grant applicants may be institutions of higher education, private nonprofits, Native American tribes, or tribal nonprofits.
Interior must issue a grant for a three-year term and may renew a grant for up to three more years.
Grant recipients must generally provide a nonfederal contribution of at least 25% of the annual grant disbursement each year; however, Interior may waive this requirement under certain circumstances. Further, grant recipients must provide a nonfederal contribution of at least 33% of a grant renewal.
(Sec. 6) Interior must facilitate the establishment of relationships between grant recipients and educational institutions serving Native American communities.
(Sec. 7) Additionally, Interior must coordinate with the Department of Agriculture, the Department of Commerce, the Department of the Treasury, and the Small Business Administration to ensure that grant recipients have the information and materials needed to provide Native American businesses and entrepreneurs with assistance in applying for federal business and entrepreneurial development programs.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Native American Business Incubators Program Act
Latest action (Oct 20, 2020): Became Public Law No: 116-174.
Policy area: Native Americans · Origin: Senate · Introduced: Jan 31, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- Senate Introduced Jan 31, 2019
- Senate Passed Jun 27, 2019
- House Passed Sep 21, 2020
- President To the President Oct 9, 2020
- President Signed Oct 20, 2020
- Law Oct 20, 2020
No recorded floor vote found.