Minority Small Business Preservation Act of 1994

Minority Small Business Preservation Act of 1994 - Amends the Small Business Act to suspend the termination of participation by certain small and minority businesses in the small business and capital ownership development program until the later of: (1) the current date of termination (nine years after commencement of participation); or (2) one year after the date on which final regulations are issued establishing appropriate terms for participation in the program by industry sector.