Minority Entrepreneurship Grant Program Act of 2025
Minority Entrepreneurship Grant Program Act of 2025
Plain Language Summary
# Minority Entrepreneurship Grant Program Act of 2025 Summary **What the Bill Does:** The Minority Entrepreneurship Grant Program Act of 2025 would establish a federal grant program to provide financial support to entrepreneurs from minority backgrounds who are starting or expanding small businesses. If passed, this legislation would create a dedicated funding mechanism to help reduce financial barriers that minority-owned businesses often face when seeking startup capital or growth funding. **Who It Affects:** The bill would primarily benefit minority entrepreneurs and their businesses, as well as potentially the communities and economies where these businesses operate.
It could also affect federal agencies tasked with administering the program and taxpayers funding the grants. **Current Status:** As of now, the bill (HR 3793) is in committee, meaning it has been referred to the appropriate House committee for review and discussion but has not yet been voted on by the full House of Representatives. The bill was introduced by Representative Nikema Williams (D-GA) during the 119th Congress.
Latest Action
Referred to the House Committee on Small Business.