United States · Bill · HR
H.R. 1226 (117th)
Next Generation Entrepreneurship Corps Act
Introduced
23 February 2021
Last action
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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
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Subjects
Discovery layer
Source updated
5 December 2025
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.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 23 February 2021
Introduced in House (PDF)
Introduced in House · EN · 23 February 2021
Introduced in House
summary · EN · 23 February 2021
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/house-bill/1226
- Open data entity: https://api.congress.gov/v3/bill/117/hr/1226