# 116-hr-5613: RISE Act

116-hr-5613, RISE Act, is a 116th Congress bill sponsored by Sen. Gallego, Ruben [D-AZ] (D-AZ); status Referred to the House Committee on Education and Labor. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-5613
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-5613
- Congress: 116
- Title: RISE Act
- Status: Referred to the House Committee on Education and Labor.
- Introduced: 2020-01-15
- Sponsor: Sen. Gallego, Ruben [D-AZ] (D-AZ)
- Cosponsors: 4
- 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 provides deferment and cancellation of certain loans under the Federal Direct Loan program for qualified entrepreneurs. Specifically, the bill allows a qualified entrepreneur with a loan under the Federal Direct Loan program to defer loan payments for up to three years. A qualified entrepreneur is a borrower who (1) receives a degree during the 10-year period before the borrower requests a deferment, (2) registers at least one business entity, (3) raises capital of not less than $15,000 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 Stafford Loans and Federal Direct 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 (4)

- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2020-01-15T00:00:00.000Z
- Rep. Haaland, Debra A. [D-NM-1] (D-NM), 2020-01-15T00:00:00.000Z
- Rep. Stanton, Greg [D-AZ-4] (D-AZ), 2020-01-24T00:00:00.000Z
- Rep. Napolitano, Grace F. [D-CA-31] (D-CA), 2020-11-09T00:00:00.000Z

## Related bills

- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-8015: Delivering for America Act
- 116-hr-7806: SOS Act
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-7197: RESTAURANTS Act of 2020
- 116-hr-7120: George Floyd Justice in Policing Act of 2020

## Sources
- [116-hr-5613 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/5613)

## Related
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7806: SOS Act](https://policyrisk.com/legislation/116-hr-7806)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-7197: RESTAURANTS Act of 2020](https://policyrisk.com/legislation/116-hr-7197)
- [116-hr-7120: George Floyd Justice in Policing Act of 2020](https://policyrisk.com/legislation/116-hr-7120)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-5613 (as of 2025-11-18).