There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (08/01/1994)

Minority Business Development Act of 1994 - Amends the Small Business Act to provide that the Small Business Administration shall not prohibit the owner of a small business concern from qualifying as an economically disadvantaged individual for purposes of receiving contract awards solely on the basis of personal net worth unless such net worth exceeds $350,000.