# 114-hr-6197: Supporting America's Young Entrepreneurs Act of 2016

114-hr-6197, Supporting America's Young Entrepreneurs Act of 2016, is a 114th Congress bill sponsored by Rep. Velázquez, Nydia M. [D-NY-7] (D-NY); status Referred to the Committee on Education and the Workforce, and in addition to the Committees on Financial Services, Ways and Means, and Small Business, 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. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-6197
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-6197
- Congress: 114
- Title: Supporting America's Young Entrepreneurs Act of 2016
- Status: Referred to the Committee on Education and the Workforce, and in addition to the Committees on Financial Services, Ways and Means, and Small Business, 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.
- Introduced: 2016-09-28
- Sponsor: Rep. Velázquez, Nydia M. [D-NY-7] (D-NY)
- Cosponsors: 3
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Supporting America's Young Entrepreneurs Act of 2016 This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to make eligible for deferment and cancellation under the Federal Direct Loan program a borrower who is an employee or founder of a small business start-up in a distressed area. It also amends the Internal Revenue Code to exclude from an individual's gross income the amount of such canceled student loan debt. The bill establishes a Federal Direct Refinanced Private Loan program to refinance private education loans. Finally, it establishes a young entrepreneurs business center within the Small Business Administration to certify small business start-ups, identify distressed areas, and approve loan cancelation for founders of small business start-ups.

## Cosponsors (3)

- JOSE SERRANO (D-NY), 2016-11-14T00:00:00.000Z
- CHARLES RANGEL (D-NY), 2016-11-14T00:00:00.000Z
- Rep. Napolitano, Grace F. [D-CA-31] (D-CA), 2016-11-15T00:00:00.000Z

## Related bills

- 114-hr-6211: Fair Housing for Domestic Violence and Sexual Assault Survivors Act of 2016
- 114-hr-6168: Academic Success Centers and Education Networks for Dreamers (ASCEND) Act
- 114-hr-6097: Immigration Courts Bail Reform Act
- 114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act
- 114-hr-5373: LGBT Data Inclusion Act
- 114-hr-5207: Freedom of Religion Act of 2016

## Sources
- [114-hr-6197 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/6197)

## Related
- [114-hr-6211: Fair Housing for Domestic Violence and Sexual Assault Survivors Act of 2016](https://policyrisk.com/legislation/114-hr-6211)
- [114-hr-6168: Academic Success Centers and Education Networks for Dreamers (ASCEND) Act](https://policyrisk.com/legislation/114-hr-6168)
- [114-hr-6097: Immigration Courts Bail Reform Act](https://policyrisk.com/legislation/114-hr-6097)
- [114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act](https://policyrisk.com/legislation/114-hr-5980)
- [114-hr-5373: LGBT Data Inclusion Act](https://policyrisk.com/legislation/114-hr-5373)
- [114-hr-5207: Freedom of Religion Act of 2016](https://policyrisk.com/legislation/114-hr-5207)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-6197 (as of 2025-11-18).