HR 5826 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
To establish a grant program to provide minority business enterprises access to entrepreneurship opportunities, and for other purposes.
Summary
This bill establishes a grant program under the Commerce Department's Minority Business Development Agency to provide $1 million per year for five years to business accelerator entities that support minority business enterprises. Grant funds can be used to provide capital directly to minority businesses, offer networking programs connecting them to sources of capital and innovation, or provide other appropriate assistance in regions with at least 15 minority-owned businesses. The federal share of grants cannot exceed 75 percent of total funds provided by the accelerator entity. The program requires annual reports to Congress on the number of grants provided and minority businesses assisted, and authorizes $25 million in appropriations for fiscal years 2026 through 2030.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
- Rep. Beatty, Joyce [D-OH-3] (D-OH)
Actions (2)
- Oct 24, 2025 Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, 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. · house
- Oct 24, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
October 24, 2025
Ms. Stevens (for herself and Mrs. Beatty) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Small Business, 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
A BILL
To establish a grant program to provide minority business enterprises access to entrepreneurship opportunities, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Increasing and Developing Entrepreneurship Access Act of 2025” or the “IDEA Act of 2025”.
SEC. 2. GRANTS TO PROVIDE MINORITY BUSINESS ENTERPRISES ACCESS TO ENTREPRENEURSHIP OPPORTUNITIES.
(a) Establishment.—Not later than 180 days after the date of the enactment of this section, the Under Secretary of Commerce for Minority Business Development shall establish a program to provide grants to business accelerator entities to provide entrepreneurship opportunities to minority business enterprises.
(b) Application.—A business accelerator entity desiring a grant under this section shall submit to the Under Secretary an application at such time, in such manner, and containing such information as the Under Secretary may reasonably require.
(c) Amount and Term.—The amount of a grant provided under this section shall be $1,000,000 each year for a period of five consecutive years.
(d) Federal Share.—The Federal share of a grant provided this section to a business accelerator entity may not exceed 75 percent of the total amount of funds provided by the entity to carry out activities using grant funds.
(e) Use of Funds.—
(1) In general.—A grant provided under this section shall be used by a business accelerator entity to provide—
(A) capital, including direct cash transfers of grant funds, to minority business enterprises in a region;
(B) networking programs that connect minority business enterprises to sources of capital and innovation in a region; and
(C) any other assistance that the Under Secretary determines to be appropriate for minority business enterprises in a region.
(2) Region described.—A region described in this subsection is a region in which not less than 15 minority business enterprises, each with a revenue of not less than $250,000 a year, are located.
(f) Report.—The Under Secretary shall submit to Congress, for each fiscal year in which the Under Secretary provides grants under this section, a report on the program established under this section, including—
(1) an identification of the number of grants provided in such fiscal year and the total amount of such grants;
(2) an identification of the number of minority business enterprises that have received assistance from such entities in such fiscal year; and
(3) a description of any noncompliance by any business accelerator entity.
(g) Misdemeanor.—A business accelerator entity that receives a grant under this section that knowingly uses amounts under the grant for any purpose not otherwise permitted under the program established by this section or who knowingly attempts to do so, shall be fined as provided in title 18, United States Code, or imprisoned for not more than one year, or both.
(h) Definitions.—In this section:
(1) Business accelerator entity.—The term “business accelerator entity” means an entity that—
(A) engages in a partnership with one or more public or private organizations that support minority business enterprises;
(B) provides opportunities to expand minority owned business enterprises through seed investment or networking opportunities; or
(C) offers start-up capital or opportunities to raise capital from investors for minority business enterprises.
(2) Minority business enterprise.—The term “minority business enterprise” has the meaning given in section 1108(a) of the CARES Act (15 U.S.C. 9007(a)).
(3) Under secretary.—The term “Under Secretary” means the Under Secretary of Commerce for Minority Business Development of the Minority Business Development Agency (established under section 100002 of the Minority Business Development Act of 2021 (15 U.S.C. 9501)).
(i) Authorization of Appropriations.—There is authorized to be appropriated to carry out this section $25,000,000 for each of the fiscal years 2026 through 2030. <all>
Comments