US SB848 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on April 5 2017 - 25% progression, died in committee
Action: 2017-04-05 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2367)
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 5 2017 - 25% progression, died in committee
Action: 2017-04-05 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2367)
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]
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.
Title
Reigniting Opportunity for Innovators Act
Sponsors
| Sen. Margaret Hassan [D-NH] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-04-05 | Senate | Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2367) |
Subjects
Business investment and capital
Education
Higher education
Interest, dividends, interest rates
Minority and disadvantaged businesses
Small business
Student aid and college costs
Education
Higher education
Interest, dividends, interest rates
Minority and disadvantaged businesses
Small business
Student aid and college costs
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/senate-bill/848/all-info |
| Text | https://www.congress.gov/115/bills/s848/BILLS-115s848is.pdf |
