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HR 201 115th Congress House 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

Supporting America's Young Entrepreneurs Act of 2017

Introduced: January 3, 2017 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
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Passed House
Passed Senate
To President
Became law
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.
Jan 3, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now January 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 1
All 1 Democratic 1
D
Castor, Kathy
Florida · Jan 9, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 201: Supporting America's Young Entrepreneurs Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-201/
MLA
"H.R. 201: Supporting America's Young Entrepreneurs Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-201/.
Bluebook (legal)
H.R. 201, 115th Cong. (2026), https://openamerica.io/bill/115-HR-201/.
Markdown link
[H.R. 201: Supporting America's Young Entrepreneurs Act of 2017](https://openamerica.io/bill/115-HR-201/)
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