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H.R.5944 - TEAM Act
To strengthen entrepreneurial education, and for other purposes.
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Mr. RICHMOND introduced the following bill; which was referred to the Committee on Small Business, and in addition to the Committee on Education and the Workforce, 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 concernedCommentsClose CommentsPermalink
SECTION 1. SHORT TITLE.
SEC. 2. DEFINITIONS.
SEC. 3. OFFICE OF ENTREPRENEURIAL EDUCATION.
‘SEC. 45. ENTREPRENEURIAL EDUCATION.
‘(1) IN GENERAL- There is in the Administration an Office of Entrepreneurial Education, which shall develop and provide innovative entrepreneurial information, education, and resources, to promote prospective entrepreneurs and successful small business concerns.CommentsClose CommentsPermalink
‘(2) DIRECTOR- The head of the Office of Entrepreneurial Education is the Director of the Office of Entrepreneurial Education, who shall report to the Associate Administrator for Entrepreneurial Development.CommentsClose CommentsPermalink
‘(ii) coordination and outreach with entrepreneurial development service providers that provide counseling and training to youth entrepreneurs desiring to start or expand small business concerns;CommentsClose CommentsPermalink
‘(C) coordinate with nonprofit and other private sector partners to share educational materials on money management and financial literacy for entrepreneurs and small business concerns; andCommentsClose CommentsPermalink
‘(D) provide assistance and courtesy services to individuals and foreign dignitaries visiting the United States who are interested in issues relating to entrepreneurs and small business concerns.CommentsClose CommentsPermalink
‘(1) IN GENERAL- Not later than 1 year after the date of enactment of the Today’s Entrepreneurs are America’s Mentors Act, the Associate Administrator for Entrepreneurial Development (referred to in this subsection as the ‘Associate Administrator’) shall establish a program under which the Associate Administrator may make grants to nonprofit organizations, including small business development centers, women’s business centers, chapters of the Service Corps of Retired Executives, and other resource partners of the Administration, to provide technical assistance to primary and secondary schools for the development and implementation of curricula and mentoring programs designed to promote entrepreneurship.CommentsClose CommentsPermalink
‘(3) REPORT- Not later than 1 year after the date on which a nonprofit organization receives a grant under this subsection, the nonprofit organization shall submit to the Associate Administrator a report that describes--CommentsClose CommentsPermalink
(1) REPORT REQUIRED- Not later than 180 days after the date of enactment of this Act, the Director of the Office of Entrepreneurial Education shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report that describes best practices of entrepreneurial education and training programs throughout the United States.CommentsClose CommentsPermalink
(A) a description of any programs that the Director of the Office of Entrepreneurial Education determines are exemplary, including national programs, regional programs, State programs, and local programs; andCommentsClose CommentsPermalink
SEC. 4. UNIVERSITY AND COLLEGE ENTREPRENEURIAL EDUCATION PROGRAM.
‘(1) IN GENERAL- A small business development center may apply for a grant under this subsection to carry out a university and college entrepreneurial education program.CommentsClose CommentsPermalink
‘(B) providing assistance to faculty members of universities and colleges with respect to entrepreneurial education programs for students of the universities and colleges; andCommentsClose CommentsPermalink
SEC. 5. ENTREPRENEURIAL INNOVATORS PARTNERSHIP PROGRAM.
‘SEC. 46. ENTREPRENEURIAL INNOVATORS PARTNERSHIP PROGRAM.
‘(b) Program Established- The Associate Administrator shall establish an entrepreneurial innovators partnership program under which the Associate Administrator shall make grants to eligible entities to carry out innovative programs that expand entrepreneurship, improve partnerships between nonprofit organizations and entrepreneurs, and promote job creation by small business concerns.CommentsClose CommentsPermalink
‘(2) a program under which students pursing a Masters of Business Administration degree provide free technical assistance, counseling, or other assistance to small business concerns;CommentsClose CommentsPermalink
‘(A) IN GENERAL- Except as provided in subparagraph (B), the Federal share of the cost of a project carried out using a grant under this section may not exceed 50 percent.CommentsClose CommentsPermalink
‘(B) EXCEPTION- The Federal share of the cost of a project carried out using a grant under this section may exceed 50 percent if the Associate Administrator determines that the project would--CommentsClose CommentsPermalink
‘(1) SUBMISSION- An eligible entity that desires a grant under this section shall submit an application to the Associate Administrator at such time and in such form as the Associate Administrator shall determine.CommentsClose CommentsPermalink
‘(C) includes a proposal for a program to be carried out through a partnership between nonprofit organizations, resource partners of the Administration, and educational institutions.CommentsClose CommentsPermalink
SEC. 6. REGIONAL ENTREPRENEURIAL COMPETITIONS.
(a) In General- The Administrator, acting through the Associate Administrator for Field Operations, shall establish a program to host regional competitions and a national conference to address regional challenges through entrepreneurial research and business planning.CommentsClose CommentsPermalink
(B) sponsor a single regional competition among local small business concerns, inventors, and entrepreneurs under which persons or groups of persons submit research and business plans to address the issue identified under subparagraph (A);CommentsClose CommentsPermalink
(C) provide outreach to universities, colleges, business communities, industry leaders and organizations, and nonprofit organizations to promote the competition and to request proposals for research and business plans;CommentsClose CommentsPermalink
(D) in coordination with the Director of the Office of Entrepreneurship Education, select the 3 research or business plans that best address the issue identified under subparagraph (A); andCommentsClose CommentsPermalink
(A) IN GENERAL- The Administrator, acting through the Associate Administrator for Field Operations, shall organize a single national conference for the presentation of the research and business plans selected under paragraph (1)(D) by the regional administrators.CommentsClose CommentsPermalink
(i) IN GENERAL- The Administrator shall designate 11 employees of the Administration to serve on a panel that shall select, from among the research and business plans presented at the conference, 1 plan from each region that best addresses the issue identified under paragraph (1)(A) for that region.CommentsClose CommentsPermalink
(B) REPORT- Not later than 1 year after the date on which the Administrator awards a grant under subparagraph (A), the recipient of the grant shall submit to the Administrator a report on the use of the grant.CommentsClose CommentsPermalink
SEC. 7. STUDY ON ENTREPRENEURIAL DEFERMENT OF STUDENT LOANS.
Not later than 180 days after the date of enactment of this Act, the Administrator, in consultation with the Secretary of Education, shall submit to Congress a report that includes detailed recommendations for legislation establishing a program--CommentsClose CommentsPermalink
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