Microenterprise and Youth Entrepreneurship Development Act of 2011

Bill: 112-hr-2809
Sponsor: Rep. Richmond, Cedric L. [D-LA-2]
Introduced: 2011-08-05 in the House
Policy area: Commerce
Subjects: Business investment and capital
Congressional oversight
Economic performance and conditions
Education programs funding
Elementary and secondary education
Employment and training programs
Executive agency funding and structure
Government information and archives
Government studies and investigations
Higher education
Marketing and advertising
Minority and disadvantaged businesses
Public-private cooperation
Small Business Administration
Small business
Student aid and college costs
Teaching, teachers, curricula

Summary:
action_date: 2011-08-05
text: 
Microenterprise and Youth Entrepreneurship Development Act of 2011 - Amends the Riegle Community Development and Regulatory Improvement Act of 1994 for purposes of the microenterprise technical assistance and capacity building grant program to include in the definition of &quot;disadvantaged entrepreneur&quot; a microentrepreneur operating or intending to operate a business in an investment area. 
 
Increases to 60% (currently, 50%) the minimum percentage of such grants required to be used to benefit very low-income persons, including those residing on Indian reservations.
 
Requires the Administrator of the Small Business Administration (SBA) to consider the impact of the 2007-2009 economic crisis on an applicant's geographic area when deciding whether to reduce or eliminate matching requirements for applicants with severe constraints on available funding sources.
 
Directs the Administrator to establish an SBA Microenterprise Coordinator position.
 
Requires the Administrator to establish an Office of Youth Entrepreneurship and appoint a Director to carry out: (1) the youth entrepreneur technical assistance grant program to make grants to assist entities, including nonprofit microenterprise development organizations, to provide individuals under 25 years of age with technical assistance related to entrepreneurship; and (2) the youth entrepreneurship curriculum grant program to make grants to applying local educational agencies of states and federally recognized Indian tribes.


Legislative actions:
action_date: 2011-10-04
text: Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
action_date: 2011-09-06
text: Referred to the Committee on Financial Services, and in addition to the Committees on Small Business, and Education and the Workforce, 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.
action_date: 2011-09-06
text: Referred to the Committee on Financial Services, and in addition to the Committees on Small Business, and Education and the Workforce, 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.
action_date: 2011-09-06
text: Referred to the Committee on Financial Services, and in addition to the Committees on Small Business, and Education and the Workforce, 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.
action_date: 2011-08-05
text: Introduced in House
action_date: 2011-08-05
text: Introduced in House