Innovation Corps Act of 2017
The source supplies the latest action, but no lifecycle stage.
Latest action (16 Mar 2017): Referred to the House Committee on Education and the Workforce.
What this bill does
H.R. 1576, the Innovation Corps Act of 2017, would establish a program within the Department of Commerce to award grants to colleges and universities. These grants would fund education programs designed to retrain workers whose jobs have been eliminated by automation, equipping them with skills for science, technology, engineering, and mathematics (STEM) fields.
The bill also proposes creating an "Innovation Corps" where recent college graduates could volunteer to help retrain these displaced workers. These graduate volunteers would be eligible for deferment on their federal student loans while serving. Additionally, those who complete two years of service in the Innovation Corps could have up to $100,000 of their federal student loan debt repaid.
This bill was introduced in the House of Representatives in March 2017 and has not yet advanced beyond its initial introduction. If enacted, the Secretary of Commerce would be responsible for establishing the grant program and the Innovation Corps, and for developing rules and criteria for both.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Innovation Corps Act of 2017
This bill requires the Department of Commerce to establish a competitive program to make grants to institutions of higher education to establish or enhance education programs that retrain workers displaced from their jobs by automation to provide such workers with skills needed for jobs in science, technology, engineering, or mathematics (STEM) fields.
Commerce shall establish an Innovation Corps whereby recent college graduates may volunteer, in an education program for which an institution of higher education receives (or is eligible to receive) such a grant, to help retrain displaced workers.
The Higher Education Act of 1965 is amended to: (1) allow federal student loan deferment for graduate volunteers who serve in the corps, and (2) require Commerce to repay up to $100,000 of such a student loan for a borrower who completes two years of corps service.
Timeline
16 Mar 2017
Referred to the House Committee on Education and the Workforce.
Common questions
- What does H.R. 1576 do?
- H.R. 1576, the Innovation Corps Act of 2017, would establish a program within the Department of Commerce to award grants to colleges and universities. These grants would fund education programs designed to retrain workers whose jobs have been eliminated by automation, equipping them with skills for science, technology, engineering, and mathematics (STEM) fields. The bill also proposes creating an "Innovation Corps" where recent college graduates could volunteer to help retrain these displaced workers. These graduate volunteers would be eligible for deferment on their federal student loans while serving. Additionally, those who complete two years of service in the Innovation Corps could have up to $100,000 of their federal student loan debt repaid. This bill was introduced in the House of Representatives in March 2017 and has not yet advanced beyond its initial introduction. If enacted, the Secretary of Commerce would be responsible for establishing the grant program and the Innovation Corps, and for developing rules and criteria for both.
- Has H.R. 1576 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 1576. Check the latest action and official source below.
- Who sponsored H.R. 1576?
- H.R. 1576 was sponsored by Rep. Matsui, Doris O. [D-CA-6] (D-CA), with 0 cosponsors.
- What's the latest action on H.R. 1576?
- Referred to the House Committee on Education and the Workforce. (16 Mar 2017).
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