3.0.0 389 2023-03-08T20:12:49Z 2023-03-08T20:12:49Z Senate S 2021-02-23 117 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2021-02-23T21:42:39Z Next Generation Entrepreneurship Corps Act 117 1226 HR 2021-02-23 Referred to the Committee on Small Business, and in addition to the Committee on Education and Labor, 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. Identical bill CRS 2021-02-23 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2021-02-23 Introduced in Senate IntroReferral 10000 9 Library of Congress C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. N S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2021-02-23 True Commerce Business education Business investment and capital Cardiovascular and respiratory health Congressional oversight Economic development Emergency medical services and trauma care Employee hiring Government lending and loan guarantees Health care costs and insurance Health care coverage and access Higher education Infectious and parasitic diseases Minority and disadvantaged businesses Minority employment Small Business Administration Small business Student aid and college costs Veterans' education, employment, rehabilitation Women in business Commerce 00 2021-02-23 Introduced in Senate 2021-04-02T19:17:24Z Next Generation Entrepreneurship Corps Act

This bill establishes the Next Generation Entrepreneurship Corps Program to promote entrepreneurship in the most distressed regions of the United States, including those regions affected by COVID-19 (i.e., coronavirus disease 2019), by awarding participating fellows a two-year stipend to start and grow a new small business.

Fellows will receive (1) a $120,000, two-year stipend for living and basic startup expenses; (2) health care; and (3) interest-free federal student loan deferral for two years. Further, fellows shall receive mentorship from the Service Corps of Retired Executives and be matched with a full range of lenders, investors, and insurers.

The bill also establishes a fund in the Department of the Treasury from which the SBA may provide loans for qualified investors to support a small business owned and operated under the program by a fellow.

]]> Next Generation Entrepreneurship Corps Act Display Title Next Generation Entrepreneurship Corps Act Official Title as Introduced A bill to establish a Next Generation Entrepreneurship Corps program within the Small Business Administration, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Next Generation Entrepreneurship Corps Act Introduced in Senate IS Introduced in Senate 2021-02-23T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s389is/xml/BILLS-117s389is.xml 2021-02-23 Read twice and referred to the Committee on Small Business and Entrepreneurship. 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.