SEC. 202. MBDA STUDY ON CAPITAL FORMATION ALTER-
NATIVES. 
(a) IN GENERAL.—The Administrator shall conduct 
a study on alternatives for providing capital formation as-
sistance to qualified disadvantaged business concerns. 
(b) REPORT.—The Administrator shall submit a re-
port to Congress within 6 months. 
TITLE III—MANAGEMENT 
EDUCATIONAL DEVELOPMENT 
SEC. 301. DUTIES OF THE ADMINISTRATION. 
It shall be the duty of the Administration and it is 
hereby empowered, whenever it determines such action is 
necessary or appropriate to— 
(1) promote and assist the education and train-
ing of disadvantaged individuals in subjects directly 
related to business administration and management; 
(2) join with and encourage accredited colleges 
and universities, leaders in business and industry, or 
other public or private entities, particularly for prof-
it entities owned and operated by socially and eco-
nomically disadvantaged individuals, to develop pro-
grams to offer scholarships and fellowships, appren-
ticeships, internships, and to sponsor seminars and 
conferences and similar activities related to business 
for the benefit of disadvantaged individuals; 
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(3) stimulate and accelerate curriculum design 
and improvement in support of disadvantaged busi-
ness development; and 
(4) encourage and assist private institutions 
and organizations and State and local government 
agencies to undertake similar activities. 
TITLE IV—RESEARCH AND 
INFORMATION 
SEC. 401. DUTIES OF THE ADMINISTRATION. 
(a) REPORT
ON
REQUIRED
PRODUCTIVE
RE-
SOURCES.—Not later than 1 year after the effective date 
of this subsection, the Administration shall submit to the 
Congress a report detailing the types and amounts of pro-
ductive resources (both public and private) needed to ad-
vance and represent disadvantaged business at all phases 
and levels of the economic system in numbers representa-
tive of the relative population of disadvantaged individuals 
in the United States. The report shall provide separate 
recommendations for achieving such representation 
through a phased approach involving short-term and long- 
term goals and objectives. 
(b) POWERS AND DUTIES.— 
(1) In order to achieve the purposes of this Act, 
the Administration shall— 
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(A) collect and analyze data, including, but 
not limited to, the causes for success or failure 
of businesses owned by the disadvantaged; 
(B) perform evaluations of private and 
public sector programs designed to assist the 
development of disadvantaged business; and 
(C) conduct research, studies, and surveys 
of economic conditions generally and how such 
conditions particularly affect the development of 
disadvantaged business. 
(2) The Administration is hereby authorized to 
provide financial assistance by contract, grant, or co-
operative agreement to public and private organiza-
tions to assist the Administration in carrying out the 
provisions of paragraph (1). 
(3) The Administration is hereby authorized to 
establish and maintain an information clearinghouse 
for the collection and dissemination of demographic, 
economic, financial, managerial, and technical data 
pertinent to disadvantaged business and, to this end, 
to take such steps as the Administration may deem 
necessary and desirable to search for, collect, clas-
sify, coordinate, integrate, record, and catalog such 
information. 
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TITLE V—ADMINISTRATIVE AND 
OTHER POWERS OF THE AD-
MINISTRATION; 
MISCELLA-
NEOUS PROVISIONS 
SEC. 501. ADMINISTRATIVE POWERS. 
In performing the duties under this Act, the Adminis-
tration is authorized to— 
(1) adopt and use a seal for the Minority Busi-
ness Development Administration which shall be ju-
dicially noticed; 
(2) hold hearings, sit and act, and take testi-
mony as the Administration may deem advisable; 
(3) acquire in any lawful manner any property 
as the Administration may deem necessary or appro-
priate to conduct the activities authorized in this 
Act; 
(4) make advance payments under grants, con-
tracts, and cooperative agreements; 
(5) donate without cost (except for costs of care 
and handling) for use in any Federal, State, or local 
government or in any recipient nonprofit organiza-
tion for purposes of the development of disadvan-
taged business any real or tangible personal property 
acquired by the Administration under this Act. The 
Administration may impose reasonable terms, condi-
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tions, reservations, and restrictions upon the use of 
any property donated under this section; 
(6) enter into agreements with other Federal 
agencies; 
(7) employ experts and consultants or organiza-
tions thereof as authorized by section 3109 of title 
5, United States Code, to compensate individuals so 
employed at rates not in excess of the per diem rate 
authorized for GS–15 of the General Schedule, in-
cluding travel time, and allow them travel expenses 
(including per diem in lieu of subsistence) while 
away from their homes or regular places of business, 
as authorized by section 5703 of title 5, United 
States Code, for persons in the Government service 
employed intermittently, while so employed; con-
tracts for such employment may be renewed annu-
ally; 
(8) sue and be sued in any court of record of 
a State having general jurisdiction or in any United 
States district court, and jurisdiction is conferred 
upon such district court to determine such con-
troversies without regard to the amount in con-
troversy; but no attachment, garnishment, or other 
similar process, mesne or final, shall be issued 
against the Administration or its property; nothing 
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