Supporting America's Young Entrepreneurs Act of 2017
Latest action · Jan 3, 2017 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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 3, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Supporting America's Young Entrepreneurs Act of 2017
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.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Jan 3, 2017 to Jan 9, 2017, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Grace F. Napolitano | Original | Jan 3, 2017 |
| D-NY | Jose E. Serrano | Original | Jan 3, 2017 |
| D-FL | Kathy Castor | Jan 9, 2017 |
Actions 2
Everything that happened, newest first.
- Jan 3, 2017Introduced in House
- Jan 3, 2017Referred 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.
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 1
Each version as it was printed, newest first.
- Jan 3, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.