H.R.3793 - Minority Entrepreneurship Grant Program Act of 2025 (119th Congress)
Summary
H.R.3793, the Minority Entrepreneurship Grant Program Act of 2025, aims to establish a grant program within the Small Business Administration (SBA) to support minority business ownership. The program will provide grants to minority-serving institutions (MSIs) and Historically Black Colleges and Universities (HBCUs) to create or expand programs that foster minority entrepreneurship. The bill also establishes a Minority Entrepreneurship Advisory Board to provide recommendations on how MSIs and HBCUs can better serve minority businesses.
Expected Effects
The bill, if enacted, would lead to increased funding and resources for entrepreneurship programs at MSIs and HBCUs. This could result in a greater number of minority-owned businesses and increased economic opportunities for minority students. The advisory board will also provide guidance to improve the effectiveness of these programs.
Potential Benefits
- Increased opportunities for minority students to start and grow businesses.
- Enhanced resources and support systems at MSIs and HBCUs.
- Potential for job creation and economic growth in minority communities.
- Improved access to capital and business development resources for minority entrepreneurs.
- Data collection and reporting to track the program's effectiveness and inform future policy decisions.
Potential Disadvantages
- Potential for inefficient allocation of grant funds if not properly managed.
- Risk of programs not effectively reaching or supporting student entrepreneurs.
- Administrative burden on the SBA and participating institutions.
- Possible duplication of existing programs or services.
- Limited scope, focusing solely on MSIs and HBCUs, potentially overlooking other avenues for supporting minority entrepreneurship.
Constitutional Alignment
The bill appears to align with the Constitution's general welfare clause (Preamble). It aims to promote economic opportunity and reduce disparities, which can be argued as promoting the general welfare. The bill does not appear to infringe upon any specific constitutional rights or limitations.
Impact Assessment: Things You Care About
This action has been evaluated across 19 key areas that matter to citizens. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).