# 114-hr-6250: RISE Act

114-hr-6250, RISE Act, is a 114th Congress bill sponsored by Sen. Gallego, Ruben [D-AZ] (D-AZ); status Referred to the House Committee on Education and the Workforce. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-6250
- 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-6250
- Congress: 114
- Title: RISE Act
- Status: Referred to the House Committee on Education and the Workforce.
- Introduced: 2016-09-28
- Sponsor: Sen. Gallego, Ruben [D-AZ] (D-AZ)
- Cosponsors: 1
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Relief and Investment for Student Entrepreneurs Act or the RISE Act This bill amends the Higher Education Act of 1965 by allowing a qualified entrepreneur with a loan under the William D. Ford Federal Direct Loan program to defer loan payments for up to 3 years. A "qualified entrepreneur" is a borrower who: (1) has received a degree during the 10-year period before the date of the deferment, (2) has at least one registered business entity, (3) has raised capital of not less than $30,000 for such business entity, and (4) has an outstanding loan balance of not less than $5,000. The Department of Education may cancel up to $17,500 of federal direct and unsubsidized Stafford loans for a borrower who: (1) has operated a small business located in a historically underutilized business zone for at least three years, and (2) is not currently in default on the loan.

## Cosponsors (1)

- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2016-09-28T00:00:00.000Z

## Related bills

- 114-hr-6340: Presidential Accountability Act
- 114-hr-6108: Never Again Act
- 114-hr-6037: Sam Farr Peace Corps Enhancement Act
- 114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act
- 114-hr-5746: Birth Control Privacy Act
- 114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Doby in recognition of his achievements and contributions to American major league…

## Sources
- [114-hr-6250 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/6250)

## Related
- [114-hr-6340: Presidential Accountability Act](https://policyrisk.com/legislation/114-hr-6340)
- [114-hr-6108: Never Again Act](https://policyrisk.com/legislation/114-hr-6108)
- [114-hr-6037: Sam Farr Peace Corps Enhancement Act](https://policyrisk.com/legislation/114-hr-6037)
- [114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act](https://policyrisk.com/legislation/114-hr-5980)
- [114-hr-5746: Birth Control Privacy Act](https://policyrisk.com/legislation/114-hr-5746)
- [114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Dob…](https://policyrisk.com/legislation/114-hr-5621)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-6250 (as of 2025-11-18).