Congressman Steve Cohen criticizes the Trump administration's funding cuts, leading to the closure of a key minority business center.
Quiver AI Summary
Congressman Steve Cohen (TN-9) expressed disappointment following the announcement that the Minority Business Development Center in Memphis has closed due to funding cuts from the Trump Commerce Department. He stated that the decision will adversely affect local businesses that the center has supported for 13 years.
Cohen, who played a key role in the center's establishment in 2012, described the funding cut as a "short-sighted decision" that silences the voice of Black and minority entrepreneurs. He highlighted the center's role in fostering minority-owned business growth and creating job opportunities.
The Minority Business Development Center was established under the U.S. Department of Commerce to aid minority businesses, emphasizing job retention and access to procurement contracts. Cohen's statement marks a significant response to the center's closure and reflects concerns about its impact on the local economy.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Steve Cohen Net Worth
Quiver Quantitative estimates that Steve Cohen is worth $9.0M, as of September 6th, 2025. This is the 115th highest net worth in Congress, per our live estimates.
Cohen has approximately $3.8M invested in publicly traded assets which Quiver is able to track live.
You can track Steve Cohen's net worth on Quiver Quantitative's politician page for Cohen.
Steve Cohen Bill Proposals
Here are some bills which have recently been proposed by Steve Cohen:
- H.R.4587: Independent Acting IGs Act of 2025
- H.R.4026: POST Act of 2025
- H.R.3908: National Emergencies Reform Act of 2025
- H.R.3754: Don’t Miss Your Flight Act
- H.R.3712: Complete Streets Act of 2025
- H.R.3623: Horse Transportation Safety Act of 2025
You can track bills proposed by Steve Cohen on Quiver Quantitative's politician page for Cohen.
Steve Cohen Fundraising
Steve Cohen recently disclosed $89.9K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 633rd most from all Q2 reports we have seen this year. 10.7% came from individual donors.
Cohen disclosed $101.0K of spending. This was the 509th most from all Q2 reports we have seen from politicians so far this year.
Cohen disclosed $1.7M of cash on hand at the end of the filing period. This was the 185th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Steve Cohen's fundraising on Quiver Quantitative.
