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S 4903 116th Congress Senate Education

Reigniting Opportunity for Innovators Act

Introduced: November 17, 2020 Introduced by: Hassan, Margaret Wood Democratic · New Hampshire 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
Nov 17, 2020
Introduced in Senate
Nov 17, 2020
Read twice and referred to the Committee on Finance.
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 Plain-English summary Congressional Research Service

Reigniting Opportunity for Innovators Act

This bill makes qualified founders and full-time employees of small business start-ups eligible to defer payments on their Federal Direct Loans for up to three years.

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.

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

What's happening now November 17, 2020

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 4903: Reigniting Opportunity for Innovators Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-4903/
MLA
"S. 4903: Reigniting Opportunity for Innovators Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4903/.
Bluebook (legal)
S. 4903, 116th Cong. (2026), https://openamerica.io/bill/116-S-4903/.
Markdown link
[S. 4903: Reigniting Opportunity for Innovators Act](https://openamerica.io/bill/116-S-4903/)
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