H.R. 5944 (112th): TEAM Act

Introduced:
Jun 08, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Cedric Richmond [D-LA2]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on June 8, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Jun 08, 2012
Referred to Committee Jun 08, 2012
Cosponsors
8 cosponsors (8D) (show)
Committees

House Education and the Workforce

House Small Business

The committee chair determines whether a bill will move past the committee stage.

Full Title

To strengthen entrepreneurial education, and for other purposes.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Jun 08, 2012.
14 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

6/8/2012--Introduced.
Today's Entrepreneurs are America's Mentors Act or TEAM Act - Amends the Small Business Act to establish in the Small Business Administration (SBA) an Office of Entrepreneurial Education, headed by a Director, to develop and provide innovative entrepreneurial information, education, and resources to promote prospective entrepreneurs and successful small businesses.
Directs the SBA's Associate Administrator for Entrepreneurial Development to establish a program of grants to nonprofit organizations to provide technical assistance to primary and secondary schools for the development and implementation of curricula and mentoring programs designed to promote entrepreneurship.
Requires the Director to submit to the congressional small business committees best practices of U.S. entrepreneurial education and training programs.
Authorizes a small business development center to apply for an SBA grant to carry out a university and college entrepreneurial education program.
Directs the SBA's Associate Administrator for Entrepreneurial Development to establish an entrepreneurial innovators partnership program of grants to nonprofit organizations and specified SBA entities to carry out innovative programs that expand entrepreneurship, improve partnerships between nonprofit organizations and entrepreneurs, and promote job creation by small businesses.
Directs the Administrator to establish a program to host regional competitions and a national conference to address regional challenges through entrepreneurial research and business planning.
Requires the Administrator to recommend to Congress legislation for establishing programs to forgive or defer student loan payments in order to assist youth entrepreneurship by making capital available for business formation.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)