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Next Generation Entrepreneurship Corps Act

Introduced: February 23, 2021 Introduced by: Coons, Christopher A. Democratic · Delaware See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Feb 23, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Feb 23, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Next Generation Entrepreneurship Corps Act

This bill establishes the Next Generation Entrepreneurship Corps Program to promote entrepreneurship in the most distressed regions of the United States, including those regions affected by COVID-19 (i.e., coronavirus disease 2019), by awarding participating fellows a two-year stipend to start and grow a new small business.

Fellows will receive (1) a $120,000, two-year stipend for living and basic startup expenses; (2) health care; and (3) interest-free federal student loan deferral for two years. Further, fellows shall receive mentorship from the Service Corps of Retired Executives and be matched with a full range of lenders, investors, and insurers.

The bill also establishes a fund in the Department of the Treasury from which the SBA may provide loans for qualified investors to support a small business owned and operated under the program by a fellow.

What's happening now February 23, 2021

Read twice and referred to the Committee on Small Business and Entrepreneurship.

 Related & companion bills 1
  • HR 1226 Identical bill Next Generation Entrepreneurship Corps Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Scott, Tim
South Carolina · Feb 23, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 389: Next Generation Entrepreneurship Corps Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-389/
MLA
"S. 389: Next Generation Entrepreneurship Corps Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-389/.
Bluebook (legal)
S. 389, 117th Cong. (2026), https://openamerica.io/bill/117-S-389/.
Markdown link
[S. 389: Next Generation Entrepreneurship Corps Act](https://openamerica.io/bill/117-S-389/)
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