Bills · HR 5826
IN COMMITTEE· 119TH CONGRESS
House BillHR 5826Commerce
IDEA Act of 2025
INTRO OCT 24· LAST ACTION OCT 24
READING
4MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it attempts to address long-standing disparities in access to capital and resources for minority entrepreneurs, which can hinder their ability to start, sustain, and grow businesses. If passed, it would inject significant federal funds into communities through business accelerators, directly supporting the growth of minority-owned businesses. This could lead to increased job creation, economic development, and greater wealth generation within these communities.
Without this bill, minority entrepreneurs would continue to face existing challenges in securing funding and networking opportunities, potentially limiting their economic impact and perpetuating existing inequalities. The bill offers a specific mechanism to channel resources to a demographic that historically experiences barriers to traditional financing and support networks, aiming to foster a more inclusive entrepreneurial ecosystem.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes a new grant program within the Commerce Department to support minority business enterprises.
This creates a dedicated federal mechanism to channel resources specifically towards helping minority-owned businesses grow and thrive.
PROVISION 02
Provides grants of $1,000,000 per year for five years to business accelerator entities.
This ensures substantial and sustained funding for organizations that directly assist minority entrepreneurs.
PROVISION 03
Requires business accelerators to use grant funds for direct capital, including cash, and networking programs for minority businesses.
This ensures the funds are used for tangible support that directly addresses financial and connectivity needs of minority enterprises.
PROVISION 04
Sets a maximum federal share of 75% for the grant, requiring accelerators to secure 25% from other sources.
This encourages shared investment and leveraging of non-federal resources, potentially increasing overall impact and sustainability.
PROVISION 05
Imposes criminal penalties, including fines and imprisonment, for business accelerators that knowingly misuse grant funds.
This provision aims to deter fraud and ensure accountability in the use of public funds, protecting the integrity of the program.
SPONSORSHIP
1 + 1
D· Michigan
YRS IN OFFICE
7
BILLS LED
60
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSOCT 24
Introduced in House
OCT 24
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.
BILL INFO
TypeHouse Bill
NumberHR 5826
Congress119th
StatusIn Committee
IntroducedOct 24, 2025
Last actionOct 24, 2025
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IN COMMITTEE· 119TH CONGRESS · SMALL BUSINESS COMMITTEE · INTRODUCED OCT 24, 2025
House BillHR 5826Commerce
IDEA Act of 2025
INTRODUCED OCT 24, 2025· LAST ACTION OCT 24, 2025
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
1
COMPLEXITY
Moderate
