S 848
115th Congress
Senate
Education
Business investment and capital
Higher education
Interest, dividends, interest rates
Minority and disadvantaged businesses
Small business
Student aid and college costs
Reigniting Opportunity for Innovators Act
Introduced: April 5, 2017
Introduced by:
Hassan, Margaret Wood
Democratic
· New Hampshire
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2017
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2367)
Apr 5, 2017
Introduced in Senate
Plain-English summary
Reigniting Opportunity for Innovators Act
This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to make qualified founders and full-time employees of small business start-ups eligible for deferring for up to three years their loans under the federal Direct Loan program.
If the start-up is located in an economically distressed area, qualified founders and employees are also eligible for loan cancellation of up to $20,000 under that program.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2367)
Committees of jurisdiction
1