Minority Business Development and Expanded Ownership Act

Minority Business Development and Expanded Ownership Act - Establishes the Minority Business Development and Assistance Administration in the Department of Commerce. Creates the position of the Assistant Secretary of Commerce for Minority Business Development and Assistance to direct such Administration. Empowers the Assistant Secretary to make grants and enter into contracts with any person in order to provide management and technical assistance to minority enterprises.

Directs the Secretary of Commerce to report to Congress and the President on all activities of the United States which relate to assistance to minority business enterprises. Requires the President to submit a reorganization plan for transferring to the Secretary any separable activity of any agency of the United States which has been determined to be one which relates primarily to the development of minority business enterprises. States that the Administration shall continue agency proceedings which were pending at the time of such transfer to the extent which they relate to the functions transferred.