United States · Bill · S
S. 4903 (116th)
Reigniting Opportunity for Innovators Act
Introduced
17 November 2020
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
Reigniting Opportunity for Innovators Act This bill makes qualified founders and full-time employees of small business start-ups eligible to defer payments on their Federal Direct Loans for up to three years. If the start-up is located in an economically distressed area, qualified founders and employees are also eligible for loan cancellation of up to $20,000. The bill also excludes from an individual's gross income, for tax purposes, the amount of such canceled student loan debt.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 17 November 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 17 November 2020
Introduced in Senate
summary · EN · 17 November 2020
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/4903
- Open data entity: https://api.congress.gov/v3/bill/116/s/4903