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United States · Bill · HR

H.R. 1226 (117th)

Next Generation Entrepreneurship Corps Act

referredUnited States· United States Congress· EN

Introduced

23 February 2021

Last action

23 February 2021 · Introduced

Status

Referred to the Committee on Small Business, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Rep. Crow, Jason [D-CO-6], Rep. Balderson, Troy [R-OH-12], Rep. Rice, Kathleen M. [D-NY-4], Michael San Nicolas, Rep. Phillips, Dean [D-MN-3], Rep. Trone, David J. [D-MD-6], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Case, Ed [D-HI-1], Rep. Titus, Dina [D-NV-1], Rep. Craig, Angie [D-MN-2], Rep. Peters, Scott H. [D-CA-50], Rep. LaMalfa, Doug [R-CA-1], Marie Newman, Rep. Evans, Dwight [D-PA-3], Rep. Kelly, Robin L. [D-IL-2], Rep. Malinowski, Tom [D-NJ-7], Rep. Wittman, Robert J. [R-VA-1], Rep. Delgado, Antonio [D-NY-19], Rep. Williams, Nikema [D-GA-5], Rep. Sherrill, Mikie [D-NJ-11], Rep. Houlahan, Chrissy [D-PA-6], Rep. Lamb, Conor [D-PA-17], Rep. Jackson Lee, Sheila [D-TX-18], Rep. Mooney, Alexander X. [R-WV-2], Rep. Davids, Sharice [D-KS-3]

Subjects

Healthcare

Source updated

5 December 2025

Healthcare

Official sourceDownload fileView documentsShare

Summary

Next Generation Entrepreneurship Corps Act This bill establishes the Next Generation Entrepreneurship Corps Program to promote entrepreneurship in the most distressed regions of the United States, including those regions affected by COVID-19 (i.e., coronavirus disease 2019), by awarding participating fellows a two-year stipend to start and grow a new small business. Fellows will receive (1) a $120,000, two-year stipend for living and basic startup expenses; (2) health care; and (3) interest-free federal student loan deferral for two years. Further, fellows shall receive mentorship from the Service Corps of Retired Executives and be matched with a full range of lenders, investors, and insurers. The bill also establishes a fund in the Department of the Treasury from which the SBA may provide loans for qualified investors to support a small business owned and operated under the program by a fellow.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 23 February 2021

    Introduced

    Referred to the Committee on Small Business, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  2. 23 February 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 23 February 2021

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 23 February 2021

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  • Introduced in House (PDF)

    Introduced in House · EN · 23 February 2021

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  • Introduced in House

    summary · EN · 23 February 2021

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Sponsors

Related records

Sources

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