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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.
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Status:
Expired
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Additional Information
Next Generation Entrepreneurship Corps Act
Print number: HR 1226
Sponsor: Rep. Crow, Jason [D-CO-6]
Process start date: 2021-02-23
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

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

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of HR 1226

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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