1. Short title This Act may be cited as the Minority Business Resiliency Act of 2020 . 2. Definitions In this Act: (1) Agency The term Agency means the Minority Business Development Agency of the Department of Commerce. (2) Assistant Secretary The term Assistant Secretary means the Assistant Secretary of Commerce for Minority Business Development. (3) Covered entity The term covered entity means a private nonprofit organization that— (A) is described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from tax under section 501(a) of such Code; (B) can demonstrate to the Agency that— (i) the primary mission of the organization is to provide services to minority business enterprises, whether through education, making grants, or other similar activities; and (ii) the organization is unable to pay financial obligations incurred by the organization, including payroll obligations; and (C) due to the effects of COVID–19, is unable to engage in the same level of fundraising in the year in which this Act is enacted, as compared with the year preceding the year in which this Act is enacted, including through events or the collection of fees. (4) Minority business development center The term minority business development center means a Business Center of the Agency, including its Specialty Center Program. (5) Minority business enterprise The term minority business enterprise means a for-profit business enterprise— (A) that is not less than 51 percent-owned by 1 or more socially disadvantaged individuals