3.0.0 6197 2023-01-11T13:33:42Z 2023-01-11T13:33:42Z House HR 2016-09-28 114 [Congressional Record Volume 162, Number 147 (Wednesday, September 28, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 6197.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The Congress shall have Power to . . . provide for the . .. general Welfare of the United States; . . .Article I, Section 8, Clause 3The Congress shall have Power . . . To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H6104]]]> hssm00 Small Business Committee House Standing Referred to 2016-09-28T14:03:20Z hswm00 Ways and Means Committee House Standing Referred to 2016-09-28T14:03:15Z hsba00 Financial Services Committee House Standing Referred to 2016-09-28T14:03:10Z hsed00 Education and the Workforce Committee House Standing Referred to 2016-09-28T14:03:05Z 2016-09-28 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. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2016-09-28 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-09-28 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2016-09-28 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. IntroReferral H11100-A 9 Library of Congress 2016-09-28 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. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2016-09-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-09-28 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 N S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2016-11-14 False R000053 Rep. Rangel, Charles B. [D-NY-13] CHARLES RANGEL D NY B. 13 2016-11-14 False N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2016-11-15 False Education Economic development Government information and archives Higher education Income tax exclusion Interest, dividends, interest rates Minority and disadvantaged businesses Small business Student aid and college costs Education 00 2016-09-28 Introduced in House 2017-05-01T16:43:13Z 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.

]]> Supporting America's Young Entrepreneurs Act of 2016 Display Title Supporting America's Young Entrepreneurs Act of 2016 Official Title as Introduced To amend the Higher Education Act of 1965 to provide loan deferment and loan cancellation for founders and employees of small business start-ups, and for other purposes. Introduced in House IH Short Titles as Introduced Supporting America's Young Entrepreneurs Act of 2016 Introduced in House 2016-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr6197ih/xml/BILLS-114hr6197ih.xml 2016-09-28 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.