Addresses reporting requirements, prohibited activities, penalties, compliance, and remedies with regard to the office of minority and women's business enterprises.

Establishes an investigation unit within the office of minority and women's business enterprises for the purpose of detecting and investigating fraud and violations.

Authorizes the director of the office of minority and women's business enterprises to apply for and obtain a superior court order approving and authorizing a subpoena in advance of its issuance.

Directs certain civil penalties to be deposited in the minority and women's business enterprises account.