Reigniting Opportunity for Innovators Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Apr 5, 2017)
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.
What just happenedApr 5, 2017
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2367)
Who’s behind it
- Introduced in SenateApr 5, 2017
- Apr 5, 2017IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2367)
Health, Education, Labor, and Pensions Committee - Apr 5, 2017IntroReferral10000
Introduced in Senate