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Support for New Entrepreneurs in Distressed Regions and Post-COVID-19

This act establishes a program to support individuals starting small businesses in distressed regions, including those affected by the COVID-19 pandemic. Participants will receive a two-year stipend, student loan assistance, and access to mentors and capital, aiming to create new jobs and revitalize local economies.
Key points
A $120,000 two-year stipend for new entrepreneurs in distressed regions.
Student loan deferment and basic healthcare access for program participants.
Mentorship support and facilitated access to funding for growing businesses.
Preference for veterans, women, minorities, and individuals facing employment barriers.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 117_HR_1226
Sponsor: Rep. Crow, Jason [D-CO-6]
Process start date: 2021-02-23
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Next Generation Entrepreneurship Corps Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1226.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-23.

What are the main provisions?

Key points include:

  • A $120,000 two-year stipend for new entrepreneurs in distressed regions.
  • Student loan deferment and basic healthcare access for program participants.
  • Mentorship support and facilitated access to funding for growing businesses.
  • Preference for veterans, women, minorities, and individuals facing employment barriers.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Crow, Jason [D-CO-6].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy Labor Benefits