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

Shown Here:
Introduced in House (09/08/1999)

Community Development Venture Capital Assistance Act of 1999 - Amends the Small Business Act to authorize the Administrator of the Small Business Administration to: (1) enter into contracts with one or more development organizations specializing in community development in low-income communities to carry out training and research activities to enhance the professional skills of individuals within community development venture capital organizations operating in such communities; and (2) make grants to development organizations for such activities and to intermediary organizations to provide training and assistance to community development venture capital organizations operating in such communities.

Requires matching non-Federal funds.

Authorizes appropriations for FY 2000 through 2003.