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HR 5944 112th Congress House Commerce Business investment and capital Education programs funding Elementary and secondary education Executive agency funding and structure Government information and archives Higher education Small Business Administration Small business Student aid and college costs Teaching, teachers, curricula Veterans' education, employment, rehabilitation

TEAM Act

Introduced: June 8, 2012 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 26, 2012
Referred to the Subcommittee on Higher Education and Workforce Training.
Sep 26, 2012
Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
Jun 8, 2012
Referred to the Committee on Small Business, and in addition to the Committee on Education and the Workforce, 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.
Jun 8, 2012
Introduced in House
 Plain-English summary Congressional Research Service

Today's Entrepreneurs are America's Mentors Act or TEAM Act - Amends the Small Business Act to establish in the Small Business Administration (SBA) an Office of Entrepreneurial Education, headed by a Director, to develop and provide innovative entrepreneurial information, education, and resources to promote prospective entrepreneurs and successful small businesses. Directs the SBA's Associate Administrator for Entrepreneurial Development to establish a program of grants to nonprofit organizations to provide technical assistance to primary and secondary schools for the development and implementation of curricula and mentoring programs designed to promote entrepreneurship. Requires the Director to submit to the congressional small business committees best practices of U.S. entrepreneurial education and training programs.

Authorizes a small business development center to apply for an SBA grant to carry out a university and college entrepreneurial education program.

Directs the SBA's Associate Administrator for Entrepreneurial Development to establish an entrepreneurial innovators partnership program of grants to nonprofit organizations and specified SBA entities to carry out innovative programs that expand entrepreneurship, improve partnerships between nonprofit organizations and entrepreneurs, and promote job creation by small businesses.

Directs the Administrator to establish a program to host regional competitions and a national conference to address regional challenges through entrepreneurial research and business planning.

Requires the Administrator to recommend to Congress legislation for establishing programs to forgive or defer student loan payments in order to assist youth entrepreneurship by making capital available for business formation.

What's happening now September 26, 2012

Referred to the Subcommittee on Higher Education and Workforce Training.

 Committees of jurisdiction 4
 Cosponsors 3
All 3 Democratic 3