Legis Daily

IDEA Act of 2023

USA118th CongressHR-4499| House 
| Updated: 7/6/2023
Haley M. Stevens

Haley M. Stevens

Democratic Representative

Michigan

Cosponsors (3)
Joyce Beatty (Democratic)Seth Magaziner (Democratic)Lizzie Fletcher (Democratic)

Small Business Committee, Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

HR 116-7890
IDEA Act

Bill from Previous Congress

HR 116-4075
IDEA Act

Bill from Previous Congress

HR 117-5006
IDEA Act of 2021

Bill from Previous Congress

HR 117-1723
IDEA Act
Jul 6, 2023
Introduced in House
Jul 6, 2023
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.
Nov 18, 2024

Latest Companion Bill Action

S 118-4713
Committee on the Judiciary. Reported by Senator Durbin without amendment. Without written report.
  • Bill from Previous Congress

    HR 116-7890
    IDEA Act


  • Bill from Previous Congress

    HR 116-4075
    IDEA Act


  • Bill from Previous Congress

    HR 117-5006
    IDEA Act of 2021


  • Bill from Previous Congress

    HR 117-1723
    IDEA Act


  • July 6, 2023
    Introduced in House


  • July 6, 2023
    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.


  • November 18, 2024

    Latest Companion Bill Action

    S 118-4713
    Committee on the Judiciary. Reported by Senator Durbin without amendment. Without written report.

Commerce

IDEA Act of 2023

USA118th CongressHR-4499| House 
| Updated: 7/6/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-7890
IDEA Act

Bill from Previous Congress

HR 116-4075
IDEA Act

Bill from Previous Congress

HR 117-5006
IDEA Act of 2021

Bill from Previous Congress

HR 117-1723
IDEA Act
Jul 6, 2023
Introduced in House
Jul 6, 2023
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.
Nov 18, 2024

Latest Companion Bill Action

S 118-4713
Committee on the Judiciary. Reported by Senator Durbin without amendment. Without written report.
  • Bill from Previous Congress

    HR 116-7890
    IDEA Act


  • Bill from Previous Congress

    HR 116-4075
    IDEA Act


  • Bill from Previous Congress

    HR 117-5006
    IDEA Act of 2021


  • Bill from Previous Congress

    HR 117-1723
    IDEA Act


  • July 6, 2023
    Introduced in House


  • July 6, 2023
    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.


  • November 18, 2024

    Latest Companion Bill Action

    S 118-4713
    Committee on the Judiciary. Reported by Senator Durbin without amendment. Without written report.
Haley M. Stevens

Haley M. Stevens

Democratic Representative

Michigan

Cosponsors (3)
Joyce Beatty (Democratic)Seth Magaziner (Democratic)Lizzie Fletcher (Democratic)

Small Business Committee, Financial Services Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted