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Bills
House Bill 1226
117th Congress(2021-2022)
Next Generation Entrepreneurship Corps Act
Introduced
Introduced
Introduced in House on Feb 23, 2021
Overview
Text
Sponsor
Democrat
Introduced
Feb 23, 2021
Latest Action
Feb 23, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1226
Congress
117
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Jason Crow
Colorado
Republican
Doug LaMalfa
California
Democrat
Scott Peters
California
Democrat
Eleanor Holmes Norton
District of Columbia
Democrat
Nikema Williams
Georgia
Democrat
Michael San Nicolas
Guam
Democrat
Ed Case
Hawaii
Democrat
Marie Newman
Illinois
Democrat
Robin Kelly
Illinois
Democrat
Sharice Davids
Kansas
Democrat
David Trone
Maryland
Democrat
Angie Craig
Minnesota
Democrat
Dean Phillips
Minnesota
Democrat
Dina Titus
Nevada
Democrat
Mikie Sherrill
New Jersey
Democrat
Tom Malinowski
New Jersey
Democrat
Antonio Delgado
New York
Democrat
Kathleen Rice
New York
Republican
Troy Balderson
Ohio
Democrat
Chrissy Houlahan
Pennsylvania
Democrat
Conor Lamb
Pennsylvania
Democrat
Dwight Evans
Pennsylvania
Democrat
Sheila Jackson Lee
Texas
Republican
Rob Wittman
Virginia
Republican
Alex Mooney
West Virginia
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

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.

Text (1)
Introduced in House
February 23, 2021
Related Bills (1)
Feb 23, 2021
Introduced in Senate
2
Sponsorship
Senate Bill 389
Next Generation Entrepreneurship Corps Act
Introduced
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Actions (2)
02/23/2021
Referred to the Committee on Small Business, and in addition to the Committee on Education and Labor, 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.
02/23/2021
Introduced in House
Public Record
Record Updated
Mar 8, 2023 7:58:20 PM
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