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15 U.S.C. § 9542 — Agency study on alternative financing solutions

submitted 5 years ago by Pub. L. 117-58 to r/title-15-COMMERCE-AND-TRADE · 98 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section directs the Under Secretary to study alternative financing solutions for minority business enterprises and report the findings to Congress and the Agency’s website.

(a) Purpose The purpose of this section is to provide information relating to alternative financing solutions 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 by 1 year after November 15, 2021 , the Under Secretary must:
(1) conduct a study on opportunities for providing alternative financing solutions to minority 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 paragraph (1).

This section does not define terms that it uses without defining.

the actual law source: uscode.house.gov ↗public domain
(a) Purpose

The purpose of this section is to provide information relating to alternative financing solutions 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 providing alternative financing solutions to minority 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 paragraph (1).

Source credit: (Pub. L. 117–58, div. K, title II, § 100202, Nov. 15, 2021, 135 Stat. 1456.)

history & why it existsrecord from the source credit
  • 2021Enacted · Pub. L. 117-58 · 135 Stat. 1456

A history note hasn’t been published yet. The record shows enactment by Pub. L. 117-58 on 2021-11-15.

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