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United States · Bill · HR

H.R. 2848 (115th)

RISE Act

referredUnited States· United States Congress· EN

Introduced

8 June 2017

Last action

8 June 2017 · Introduced

Status

Referred to the House Committee on Education and the Workforce.

Sponsors

Sen. Gallego, Ruben [D-AZ], Rep. Swalwell, Eric [D-CA-15]

Subjects

Education

Source updated

11 August 2025

Education

Official sourceDownload fileView documentsShare

Summary

Relief and Investment for Student Entrepreneurs Act or the RISE Act This bill amends the Higher Education Act of 1965 to allow a qualified entrepreneur with a loan under the William D. Ford Federal Direct Loan program to defer loan payments for up to 3 years. A "qualified entrepreneur" is a borrower who: (1) has received a degree during the 10-year period before the date of the deferment, (2) has at least one registered business entity, (3) has raised capital of not less than $30,000 for such business entity, and (4) has an outstanding loan balance of not less than $5,000. The Department of Education may cancel up to $17,500 of federal direct and unsubsidized Stafford loans for a borrower who: (1) has operated a small business located in a historically underutilized business zone for at least three years, and (2) is not currently in default on the loan.

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

Timeline

  1. 8 June 2017

    Introduced

    Referred to the House Committee on Education and the Workforce.

    Source: IntroReferral

  2. 8 June 2017

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 8 June 2017

    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 · 8 June 2017

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  • Introduced in House (PDF)

    Introduced in House · EN · 8 June 2017

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 8 June 2017

    Open at official source

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Sponsors

Related records

Sources

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