§9541 Annual diverse business forum on capital formation

Summary

The Under Secretary must hold a Government-business forum about how minority business enterprises get capital. The first forum must happen no later than 18 months after November 15, 2021, and then once a year after that. The Under Secretary will invite leaders from Federal agencies (for example, the SEC Chair, the Treasury Secretary, and the Fed Chair), state securities groups, major minority chambers of commerce, at least one certified minority business owner, and other business and professional groups to help plan the forum. The Under Secretary can ask agency heads or others to prepare reports or statements for the forum, and those asked must try to cooperate. After each forum, the Under Secretary must write a summary with the forum’s findings and recommendations and give that summary to participants, to Congress, and to the public by posting it on a website. Any Federal agency mentioned in a finding must review it and, soon after the summary is posted, publicly say what it thinks and what action, if any, it will take. If more than one agency is involved, they may issue a joint statement.