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HR 231 116th Congress House Education Minority and disadvantaged businesses Small business Student aid and college costs

Supporting America’s Young Entrepreneurs Act of 2019

Introduced: January 3, 2019 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Reported out
Passed House
Passed Senate
To President
Became law
Jan 3, 2019
Introduced in House
Jan 3, 2019
Referred to the Committee on Education and Labor, and in addition to the Committees on 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.
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 Plain-English summary Congressional Research Service

Supporting America's Young Entrepreneurs Act of 2019

This bill makes eligible for deferment and cancelation of student loan debt a recent graduate of a four-year institution of higher education (IHE) who works at certain small business start-ups in distressed areas.

Specifically, it makes a student loan borrower who is an employee and founder of a start-up eligible for deferment and cancellation of student loans. In addition, the bill makes a full-time employee of a start-up eligible for cancelation of student loan debt.

It also excludes from an individual's gross income, for income tax purposes, the amount of such canceled student loan debt.

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 cancellations. To be certified by the center, a start-up must (1) have a founder who is a recent graduate of a four-year IHE, and (2) employ a certain number of recent graduates.

What's happening now January 3, 2019

Referred to the Committee on Education and Labor, and in addition to the Committees on 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 3
 Cosponsors 1
All 1 Democratic 1
D
Houlahan, Chrissy
Pennsylvania · Apr 30, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 231: Supporting America’s Young Entrepreneurs Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-231/
MLA
"H.R. 231: Supporting America’s Young Entrepreneurs Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-231/.
Bluebook (legal)
H.R. 231, 116th Cong. (2026), https://openamerica.io/bill/116-HR-231/.
Markdown link
[H.R. 231: Supporting America’s Young Entrepreneurs Act of 2019](https://openamerica.io/bill/116-HR-231/)
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