Title 15 — Commerce and Trade
Chapter 120 — Minority Business Development
§ 9542. Agency study on alternative financing solutions
Statutory text
Purpose
The purpose of this section is to provide information relating to alternative financing solutions to minority business enterprises, as those business enterprises are more likely to struggle in accessing, particularly at affordable rates, traditional sources of capital.
Study and report
Not later than 1 year after , the Under Secretary shall—
conduct a study on opportunities for providing alternative financing solutions to minority business enterprises; and
submit to Congress, and publish on the website of the Agency, a report describing the findings of the study carried out under paragraph (1).
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Minority Business Development Act of 2021
Pub. L. 117–58 div. K title II § 100202 · 135 Stat. 429
Enacted · 15 U.S.C. § 9542
(Pub. L. 117–58, div. K, title II, § 100202, Nov. 15, 2021, 135 Stat. 1456.)
Source evidence
Code source credit
(Pub. L. 117–58, div. K, title II, § 100202, Nov. 15, 2021, 135 Stat. 1456.)Enacted provision · exact public law section
SEC. 100202. AGENCY STUDY ON ALTERNATIVE FINANCING SOLUTIONS. (a) Purpose.— The purpose of this section is to provide information relating to alternative financing solutions to minority business enterprises, as those business enterprises are more likely to struggle in accessing, particularly at affordable rates, traditional sources of capital. (b) Study and Report.— Not later than 1 year after the date of enactment of this Act, the Under Secretary shall— (1) conduct a study on opportunities for providing alternative financing solutions to minority business enterprises; and (2) submit to Congress, and publish on the website of the Agency, a report describing the findings of the study carried out under paragraph (1).
1 of 1 references resolved to an enrolled provision
Credits
(Pub. L. 117–58, div. K, title II, § 100202, , 135 Stat. 1456.)