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United States · Bill · HR

H.R. 6197 (114th)

Supporting America's Young Entrepreneurs Act of 2016

referredUnited States· United States Congress· EN

Introduced

28 September 2016

Last action

28 September 2016 · Introduced

Status

Referred to the Committee on Education and the Workforce, and in addition to the Committees on Financial Services, 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

Rep. Velázquez, Nydia M. [D-NY-7], Rep. Serrano, Jose E. [D-NY-15], Rep. Rangel, Charles B. [D-NY-15], Rep. Napolitano, Grace F. [D-CA-32]

Subjects

Education

Source updated

12 August 2025

Education

Official sourceDownload fileView documentsShare

Summary

Supporting America's Young Entrepreneurs Act of 2016 This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to make eligible for deferment and cancellation under the Federal Direct Loan program a borrower who is an employee or founder of a small business start-up in a distressed area. It also amends the Internal Revenue Code to exclude from an individual's gross income the amount of such canceled student loan debt. The bill establishes a Federal Direct Refinanced Private Loan program to refinance private education loans. 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 cancelation for founders of small business start-ups.

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

Timeline

  1. 28 September 2016

    Introduced

    Referred to the Committee on Education and the Workforce, and in addition to the Committees on Financial Services, 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.

    Source: IntroReferral

  2. 28 September 2016

    Introduced

    Referred to the Committee on Education and the Workforce, and in addition to the Committees on Financial Services, 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.

    Source: IntroReferral

  3. 28 September 2016

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 28 September 2016

    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 · 28 September 2016

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 28 September 2016

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 28 September 2016

    Open at official source

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Sponsors

Related records

Sources

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