United States · Bill · HR
H.R. 231 (116th)
Supporting America’s Young Entrepreneurs Act of 2019
Introduced
3 January 2019
Last action
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Status
Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Small Business, 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
21 July 2025
Summary
Supporting America's Young Entrepreneurs Act of 2019 This bill makes eligible for deferment and cancelation of student loan debt a recent graduate of a four-year institution of higher education (IHE) who works at certain small business start-ups in distressed areas. Specifically, it makes a student loan borrower who is an employee and founder of a start-up eligible for deferment and cancellation of student loans. In addition, the bill makes a full-time employee of a start-up eligible for cancelation of student loan debt. It also excludes from an individual's gross income, for income tax purposes, the amount of such canceled student loan debt. Finally, it establishes a young entrepreneurs business center within the Small Business Administration to certify small business start-ups, identify distressed areas, and approve loan cancellations. To be certified by the center, a start-up must (1) have a founder who is a recent graduate of a four-year IHE, and (2) employ a certain number of recent graduates.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 3 January 2019
Introduced in House (PDF)
Introduced in House · EN · 3 January 2019
Introduced in House
summary · EN · 3 January 2019
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/house-bill/231
- Open data entity: https://api.congress.gov/v3/bill/116/hr/231