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15 U.S.C. § 9526 — Publicity

Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 9526 — Publicity

Page 2606 TITLE 15—COMMERCE AND TRADE § 9526 ness Centers program of the Agency, as is in ef- fect on the day before November 15, 2021, is car- ried out in a manner that, to the greatest extent practicable, prevents disruption of any activity carried out under that award. (Pub. L. 117–58, div. K, title I, § 100115, Nov. 15, 2021, 135 Stat. 1455.) § 9526. Publicity In carrying out the MBDA Business Center Program, the Under Secretary shall widely pub- licize the MBDA Business Center Program, in- cluding— (1) on the website of the Agency; (2) via social media outlets; and (3) by sharing information relating to the MBDA Business Center Program with commu- nity-based organizations, including interpreta- tion groups where necessary, to communicate in the most common languages spoken by the groups served by those organizations. (Pub. L. 117–58, div. K, title I, § 100116, Nov. 15, 2021, 135 Stat. 1455.) SUBCHAPTER II—NEW INITIATIVES TO PROMOTE ECONOMIC RESILIENCY FOR MINORITY BUSINESSES § 9541. Annual diverse business forum on capital formation (a) Responsibility of Agency Not later than 18 months after November 15, 2021, and annually thereafter, the Under Sec- retary shall conduct a Government-business forum to review the current status of problems and programs relating to capital formation by minority business enterprises. (b) Participation in forum planning The Under Secretary shall invite the heads of other Federal agencies, such as the Chairman of the Securities and Exchange Commission, the Secretary of the Treasury, and the Chairman of the Board of Governors of the Federal Reserve System, organizations representing State secu- rities commissioners, representatives of leading minority chambers of commerce, not less than 1 certified o

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Stable record: federal_law:legal_authorities:usc2024-5bc2aef0f0656ca1e8667436
Source file: Laws/federal/codes/united-states-code-2024/title-15/section-9526-publicity--0b2fce297b.md
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Source location: USCODE-2024-title15-chap120-subchapI-partB-sec9526.pdf

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Page 2606 TITLE 15—COMMERCE AND TRADE § 9526 ness Centers program of the Agency, as is in ef- fect on the day before November 15, 2021, is car- ried out in a manner that, to the greatest extent practicable, prevents disruption of any activity carried out under that award. (Pub. L. 117–58, div. K, title I, § 100115, Nov. 15, 2021, 135 Stat. 1455.) § 9526. Publicity In carrying out the MBDA Business Center Program, the Under Secretary shall widely pub- licize the MBDA Business Center Program, in- cluding— (1) on the website of the Agency; (2) via social media outlets; and (3) by sharing information relating to the MBDA Business Center Program with commu- nity-based organizations, including interpreta- tion groups where necessary, to communicate in the most common languages spoken by the groups served by those organizations. (Pub. L. 117–58, div. K, title I, § 100116, Nov. 15, 2021, 135 Stat. 1455.) SUBCHAPTER II—NEW INITIATIVES TO PROMOTE ECONOMIC RESILIENCY FOR MINORITY BUSINESSES § 9541. Annual diverse business forum on capital formation (a) Responsibility of Agency Not later than 18 months after November 15, 2021, and annually thereafter, the Under Sec- retary shall conduct a Government-business forum to review the current status of problems and programs relating to capital formation by minority business enterprises. (b) Participation in forum planning The Under Secretary shall invite the heads of other Federal agencies, such as the Chairman of the Securities and Exchange Commission, the Secretary of the Treasury, and the Chairman of the Board of Governors of the Federal Reserve System, organizations representing State secu- rities commissioners, representatives of leading minority chambers of commerce, not less than 1 certified owner of a minority business enter- prise, business organizations, and professional organizations concerned with capital formation to participate in the planning of each forum conducted under subsection (a). (c) Preparation of statements and reports (1) Requests The Under Secretary may request that any head of a Federal agency, department, or orga- nization, including those described in sub- section (b), or any other group or individual, prepare a statement or report to be delivered at any forum conducted under subsection (a). (2) Cooperation Any head of a Federal agency, department, or organization who receives a request under paragraph (1) shall, to the greatest extent practicable, cooperate with the Under Sec- retary to fulfill that request. (d) Transmittal of proceedings and findings The Under Secretary shall— (1) prepare a summary of the proceedings of each forum conducted under subsection (a), which shall include the findings and rec- ommendations of the forum; and (2) transmit the summary described in para- graph (1) with respect to each forum con- ducted under subsection (a) to— (A) the participants in the forum; (B) Congress; and (C) the public, through a publicly available website. (e) Review of findings and recommendations; public statements (1) In general A Federal agency to which a finding or rec- ommendation described in subsection (d)(1) re- lates shall— (A) review that finding or recommenda- tion; and (B) promptly after the finding or rec- ommendation is transmitted under sub- section (d)(2)(C), issue a public statement— (i) assessing the finding or recommenda- tion; and (ii) disclosing the action, if any, the Fed- eral agency intends to take with respect to the finding or recommendation. (2) Joint statement permitted If a finding or recommendation described in subsection (d)(1) relates to more than 1 Fed- eral agency, the applicable Federal agencies may, for the purposes of the public statement required under paragraph (1)(B), issue a joint statement. (Pub. L. 117–58, div. K, title II, § 100201, Nov. 15, 2021, 135 Stat. 1455.) § 9542. Agency study on alternative financing so- lutions (a) Purpose The purpose of this section is to provide infor- mation relating to alternative financing solu- tions 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 November 15, 2021, the Under Secretary shall— (1) conduct a study on opportunities for pro- viding alternative financing solutions to mi- nority 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 para- graph (1). (Pub. L. 117–58, div. K, title II, § 100202, Nov. 15, 2021, 135 Stat. 1456.) § 9543. Educational development relating to man- agement and entrepreneurship (a) Duties The Under Secretary shall, whenever the Under Secretary determines such action is nec- essary or appropriate— (1) promote the education and training of so- cially or economically disadvantaged individ-

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 9526 — Grants and cooperative agreements

**(a) Requirements** An MBDA Business Center (referred to in this part as a “Center”), with respect to the Federal financial assistance award made to operate the Center under the MBDA Business Center Program— (1) shall— (A) provide to minority business enterprises programs and services determined to be appropriate by the Under Secretary, which may include— (i) referral services to meet the needs of minority business enterprises; and (ii) programs and services to accomplish the goals described in section ___101(1); 11 So in original. See References in Text note below. (B) develop, cultivate, and maintain a network of strategic partnerships with organizations that foster access by minority business enterprises to economic markets, capital, or contracts; (C) continue to upgrade and modify the services provided by the Center, as necessary, in order to meet the changing and evolving needs of the business community; (D) establish or continue a referral relationship with not less than 1 community-based organization; and (E) collaborate with other Centers; and (2) in providing programs and services under the applicable MBDA Business Center agreement, may— (A) operate on a fee-for-service basis; or (B) generate income through the collection of— (i) client fees; (ii) membership fees; and (iii) any other appropriate fees proposed by the Center in the application submitted by the Center under subsection (e). **(b) Term** Subject to subsection (g)(3), the term of an MBDA Business Center agreement shall be not less than 3 years. **(c) Financial assistance** (1) **In general** — The amount of financial assistance provided by the Under Secretary under an MBDA Business Center agreement shall be not less than $250,000 for the term of the

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