Venture Capital - PRWeb Press Release Group http://www.rsspad.com/rss2/14694.xml Access to capital-minorities and women - Powered by PRWeb and RSSPad en xml@emediawire.com xml@emediawire.com 30 Federal Lawsuit Prompts Lawmakers to Eye SBA Policy -- Washington Times© Investigates SBA Discrimination Lawsuit http://www.prweb.com/releases/2007/08/prweb547707.htm Washington Times reporter Brian Debose reports on inquiries made by Senators Kerry and Hatch on SBA's record of lack of access to capital for minorities and women. Diamond Ventures, managed primarily by blacks and minorities, alleges discrimination. The allegations arise from SBA comments in litigation, Inspector General reports concluding bias among other items. (PRWeb Aug 19, 2007)

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]]> Sun, 19 Aug 2007 07:00:00 GMThttp://www.prweb.com/releases/2007/08/prweb547707.htm Access to Capital-Not for All - Is the Small Business Administration Covering up Bias and Discrimination? Bob Johnson Discusses Access to Capital Issues, Senators Kerry and Snowe Introduce Reform Legislation http://www.prweb.com/releases/2007/06/prweb534906.htm Bob Johnson, Billionaire founder of BET, notes that white consultants control access to capital for venture funds seeking pension fund investments. Diamond Ventures filed a $100 million discrimination lawsuit against SBA by not approving Diamond's black management team while allegedly approving similar or less skilled white management teams. Senators Kerry and Snowe have held hearings or inquired to SBA on why more blacks and minorities are not approved to run SBA licensed venture firms and why approved firms finance few blacks and minorities. The House will take up the issue in upcoming hearings. Kerry and Snowe announced new legislation. (PRWeb Jun 25, 2007)

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