Future Bill
Black Business Equity and Capital Access Act
Black entrepreneurs face systemic barriers to capital access, resulting in lower business ownership rates and reduced economic mobility.
Priority
High
Status
Idea
Target Area
Economic Justice
Linked Bills
1
Linked Explainers
2
Impact Context
This proposal targets Economic Justice and is framed around the unresolved harm or gap described below.
Problem
Black entrepreneurs face systemic barriers to capital access, resulting in lower business ownership rates and reduced economic mobility.
Proposed Solution
Provide grants, low-interest loans, and federal guarantees for Black-owned businesses, along with expanded procurement opportunities and technical assistance programs.
Evidence and Linked Records
S. 2068 · Minority Business Development Act of 2021
Introduced • Federal • Sen. Cardin, Benjamin L. [D-MD] • Dec 17, 2021
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Sources
Federal • Congress.gov • Dec 17, 2021
Corrected replacement for prior mismatched tracked bill.