---
kind: "section"
citation: "15 U.S.C. § 9541"
title: "15"
title_heading: "Commerce and Trade"
number: "9541"
heading: "Annual diverse business forum on capital formation"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/9541"
units:
  - "Chapter 120 — Minority Business Development"
  - "Subchapter II — New Initiatives to Promote Economic Resiliency for Minority Businesses"
---

# §9541. Annual diverse business forum on capital formation

- (a) **Responsibility of Agency—** Not later than 18 months after November 15, 2021, and annually thereafter, the [Under Secretary](/usc/15/9501.md?p=19) shall conduct a Government-business forum to review the current status of problems and programs relating to capital formation by [minority business enterprises](/usc/15/9501.md?p=9-A).
- (b) **Participation in forum planning—** The [Under Secretary](/usc/15/9501.md?p=19) shall invite the heads of other [Federal agencies](/usc/15/9501.md?p=4), such as the Chairman of the Securities and Exchange Commission, the [Secretary](/usc/15/9501.md?p=13) of the Treasury, and the Chairman of the Board of Governors of the Federal Reserve System, organizations representing [State](/usc/15/9501.md?p=17) securities commissioners, representatives of leading minority chambers of commerce, not less than 1 certified owner of a [minority business enterprise](/usc/15/9501.md?p=9-A), business organizations, and professional organizations concerned with capital formation to participate in the planning of each forum conducted under [subsection (a)](#a).
- (c) **Preparation of statements and reports—**
  - (1) **Requests—** The [Under Secretary](/usc/15/9501.md?p=19) may request that any head of a [Federal agency](/usc/15/9501.md?p=4), department, or organization, including those described in [subsection (b)](#b), or any other group or individual, prepare a statement or report to be delivered at any forum conducted under [subsection (a)](#a).
  - (2) **Cooperation—** Any head of a [Federal agency](/usc/15/9501.md?p=4), department, or organization who receives a request under [paragraph (1)](#c-1) shall, to the greatest extent practicable, cooperate with the [Under Secretary](/usc/15/9501.md?p=19) to fulfill that request.
- (d) **Transmittal of proceedings and findings—** The [Under Secretary](/usc/15/9501.md?p=19) shall—
  - (1) prepare a summary of the proceedings of each forum conducted under [subsection (a)](#a), which shall include the findings and recommendations of the forum; and
  - (2) transmit the summary described in [paragraph (1)](#d-1) with respect to each forum conducted under [subsection (a)](#a) to—
    - (A) the participants in the forum;
    - (B) Congress; and
    - (C) the public, through a publicly available website.
- (e) **Review of findings and recommendations; public statements—**
  - (1) **In general—** A [Federal agency](/usc/15/9501.md?p=4) to which a finding or recommendation described in [subsection (d)(1)](#d-1) relates shall—
    - (A) review that finding or recommendation; and
    - (B) promptly after the finding or recommendation is transmitted under [subsection (d)(2)(C)](#d-2-C), issue a public statement—
      - (i) assessing the finding or recommendation; and
      - (ii) disclosing the action, if any, the [Federal agency](/usc/15/9501.md?p=4) intends to take with respect to the finding or recommendation.
  - (2) **Joint statement permitted—** If a finding or recommendation described in [subsection (d)(1)](#d-1) relates to more than 1 [Federal agency](/usc/15/9501.md?p=4), the applicable [Federal agencies](/usc/15/9501.md?p=4) may, for the purposes of the public statement required under [paragraph (1)(B)](#e-1-B), issue a joint statement.

## Source credit

(Pub. L. 117–58, div. K, title II, § 100201, Nov. 15, 2021, 135 Stat. 1455.)