Minority Enterprise Act

Minority Enterprise Act - Title I: Amendments Affecting the Small Business Act - Amends the Small Business Act to establish the Office of Minority Small Business Assistance Personnel in the Small Business Administration (SBA) to work with all agencies of the Government having procurement powers in order to identify contracts suitable for minority concerns and within each regional office of the SBA to supervise and coordinate minority small business programs. Defines the term "minority" as used under this Act.

Directs the Administrator of the SBA to appoint an Associate Administrator for Minority Small Business and Procurement Assistance.

Increases the authorization for appropriations in the small business loan program and requires that not less than 25 percent of aggregate direct loans shall be made to minority small business concerns.

Increases the authorization for appropriations for the equal opportunity loan program. Provides statutory standards for contracting and subcontracting by the United States with respect to minority businesses. Directs the Administration to prepare and publish in the Federal Register rules governing the maximum size of small business concerns qualified to receive procurement assistance under the Small Business Act.

Requires that the Administration shall report to Congress and the President concerning the development of minority small businesses.

Authorizes $201,600,000 to be appropriated for purposes of this title.

Title II: Amendments to the Federal Property and Administrative Services Act of 1949 - Requires that a Utilization of Minority Business Enterprises clause appear in specified Government contracts. Defines "minority business enterprise" for purposes of this title. Requires that specified Government contractors establish and conduct a Minority Business Enterprises Subcontracting Program which includes: (1) designation of a liason officer to administer the contractor's program; (2) consideration of the potentialities of minority business enterprises in all "make or buy" decisions to provide materials or service; and (3) maintenance of records concerning procedures adopted and subcontracts awarded.

Sets forth other preferences which will be extended to minority business enterprises.

Title III: Commission on Federal Assistance to Minority Enterprise - Establishes the Commission on Federal Assistance to Minority Enterprise composed of 15 members to be appointed by the President with the consent of the Senate, from members of minority groups who are knowledgeable in minority participation in the economy. Provides for the compensation and terms of office of the members and the appointment of an Executive Director.

Directs the Commission to develop methods for delivery of financial assistance to minority enterprise; for generating markets for goods and services; and for providing effective business education and technical assistance.

Grants the Commission powers including: the holding of hearings, and information gathering from any agency of the U.S., in order to carry out the goals of this Act.

Requires that the Commission shall submit semiannual reports to each House of Congress concerning its activities.

Authorizes $748,000 to be appropriated for fiscal year 1977.