H.R.4875: Minority Business Development Act of 1994

About This Bill

Bill Sponsor

Bill Summary

Minority Business Development Act of 1994 - Amends the Small Business Act to provide that the Small Business Administration shall not prohibit the owner of a small business concern from qualifying as an economically disadvantaged individual for purposes of receiving contract awards solely on the basis of personal net worth unless such net worth exceeds $350,000.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Small Business.
Referred to the Subcommittee on SBA Legislation and the General Economy.
Aug. 1, 1994

Introduced in the House by Paul McHale (D-Pa.)

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