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15 U.S.C. § 9551 — Definitions

submitted 5 years ago by Pub. L. 117-58 to r/title-15-COMMERCE-AND-TRADE · 205 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section defines terms used in the subchapter, including eligible entities, MBDA Rural Business Centers and agreements, minority-serving institutions, rural areas, and rural minority business enterprises.

In this subchapter:
(1) Appropriate congressional committees The term “appropriate congressional committees” means:
(A) the Committee on Commerce, Science, and Transportation of the Senate; and
(B) the Committee on Financial Services of the House of Representatives.
(2) Eligible entity The term “eligible entity” means:
(A) a minority-serving institution; or
(B) a consortium of institutions of higher education that is led by a minority-serving institution.
(3) MBDA Rural Business Center The term “MBDA Rural Business Center” means an MBDA Business Center that provides technical business assistance to minority business enterprises located in rural areas.
(4) MBDA Rural Business Center agreement The term “MBDA Rural Business Center agreement” means an MBDA Business Center agreement that establishes the terms by which the recipient of the Federal assistance award that is the subject of the agreement must operate an MBDA Rural Business Center.
(5) Minority-serving institution The term “minority-serving institution” means an institution described in any of paragraphs
(1) through
(7) of section 1067q(a) of title 20 .
(6) Rural area The term “rural area” has the meaning given the term in section 1991(a) of title 7 .
(7) Rural minority business enterprise The term “rural minority business enterprise” means a minority business enterprise located in a rural area.

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

the actual law source: uscode.house.gov ↗public domain

In this subchapter:

(1) Appropriate congressional committees

The term “appropriate congressional committees” means—

(A)

the Committee on Commerce, Science, and Transportation of the Senate; and

(B)

the Committee on Financial Services of the House of Representatives.

(2) Eligible entity

The term “eligible entity” means—

(A)

a minority-serving institution; or

(B)

a consortium of institutions of higher education that is led by a minority-serving institution.

(3) MBDA Rural Business Center

The term “MBDA Rural Business Center” means an MBDA Business Center that provides technical business assistance to minority business enterprises located in rural areas.

(4) MBDA Rural Business Center agreement

The term “MBDA Rural Business Center agreement” means an MBDA Business Center agreement that establishes the terms by which the recipient of the Federal assistance award that is the subject of the agreement shall operate an MBDA Rural Business Center.

(5) Minority-serving institution

The term “minority-serving institution” means an institution described in any of paragraphs (1) through (7) of section 1067q(a) of title 20.

(6) Rural area

The term “rural area” has the meaning given the term in section 1991(a) of title 7.

(7) Rural minority business enterprise

The term “rural minority business enterprise” means a minority business enterprise located in a rural area.

Source credit: (Pub. L. 117–58, div. K, title III, § 100301, Nov. 15, 2021, 135 Stat. 1458.)

history & why it existsrecord from the source credit
  • 2021Enacted · Pub. L. 117-58 · 135 Stat. 1458

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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