To make technical amendments to update statutory references to provisions reclassified to title 34, United States Code, and to correct related technical errors.

House Bill

H.R. 4499

119th Congress

To make technical amendments to update statutory references to provisions reclassified to title 34, United States Code, and to correct related technical errors.

Ordered to be Reported by Voice Vote.

Introduced:Jul 17, 2025

Primary Sponsor

Haley M. Stevens

Representative

Democratic

MI-11

Cosponsors

3

Quick Stats

Policy Area

Commerce

Summary

This bill aims to help minority-owned businesses by providing them with funding and support through a new grant program run by the Minority Business Development Agency. The grants will go to business accelerators that offer capital, networking opportunities, and other assistance to minority entrepreneurs.

Latest Action

Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

SponsorHaley M. Stevens (D-MI)

Introduced7/17/2025

StatusOrdered to be Reported by Voice Vote.

ChamberHouse

Data from Congress.gov

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Vote Prediction

To make technical amendments to update statutory references to provisions reclassified to title 34, United States Code, and to correct related technical errors.

This bill aims to help minority-owned businesses by providing them with funding and support through a new grant program run by the Minority Business Development Agency. The grants will go to business accelerators that offer capital, networking opportunities, a

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill aims to help minority-owned businesses by providing them with funding and support through a new grant program run by the Minority Business Development Agency. The grants will go to business accelerators that offer capital, networking opportunities, and other assistance to minority entrepreneurs.

Bill Number: 4499
Sponsor: Haley M. Stevens (D-MI)
Introduced: 7/17/2025
Status: Ordered to be Reported by Voice Vote.
Policy Area: Commerce

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: To make technical amendments to update statutory references to provisions reclassified to title 34, United States Code, and to correct related technical errors.
Bill Number: 4499
Sponsor: Haley M. Stevens (D-MI)
Status: Ordered to be Reported by Voice Vote.
Introduced: 7/17/2025
Summary: This bill aims to help minority-owned businesses by providing them with funding and support through a new grant program run by the Minority Business Development Agency. The grants will go to business accelerators that offer capital, networking opportunities, and other assistance to minority entrepre

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill aims to help minority-owned businesses by providing them with funding and support through a new grant program run by the Minority Business Development Agency. The grants will go to business accelerators that offer capital, networking opportunities, and other assistance to minority entrepreneurs.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Increasing and Developing Entrepreneurship Access Act of 2023 or the IDEA Act of 2023 This bill requires the Minority Business Development Agency (MBDA) to establish a grant program to provide entrepreneurship opportunities for minority businesses. These grants shall be awarded to business accelerators for providing (1) capital to minority businesses, (2) networking programs that connect such businesses to sources of capital and innovation, and (3) other appropriate assistance. The MBDA must submit an annual report on the program that includes the number of grants provided, the number of minority businesses that have received assistance from grant recipients, and a description of any noncompliance by grant recipients. The bill also establishes penalties (a fine or imprisonment) for a grant recipient that knowingly uses award amounts for any purpose not permitted under the program.

Key Points

Main provisions of the bill

Establishes a grant program for the Minority Business Development Agency to support minority-owned businesses
Grants will be awarded to business accelerators that provide capital, networking, and other assistance to minority entrepreneurs
Requires an annual report on the program's performance, including the number of grants and businesses assisted
Imposes penalties for grant recipients who misuse the awarded funds

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would provide new resources and opportunities for minority-owned businesses to grow and succeed. Minority entrepreneurs and small business owners would be able to access capital, networking, and other support services through the grant program. This could lead to the creation of new minority-owned businesses and the expansion of existing ones, potentially increasing economic opportunities in minority communities.

Policy Areas

Primary Policy Area

Commerce

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

4499, 119th Congress (2025). "To make technical amendments to update statutory references to provisions reclassified to title 34, United States Code, and to correct related technical errors.". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4499