(C) work to ensure that underserved entre-
preneurs are included in the programs of the 
Federal Government providing assistance to 
microenterprises; 
(D) make available to the public annually 
a comprehensive list and description of each 
Federal program that provides assistance to 
microenterprises; and 
(E) encourage public-private partnerships 
that support entrepreneurship. 
(3) MICROENTERPRISE DEFINED.—In this sub-
section, the term ‘‘microenterprise’’ has the meaning 
given that term in section 172(10) of the Riegle 
Community Development and Regulatory Improve-
ment Act of 1994 (15 U.S.C. 6901(10)). 
SEC. 203. OFFICE OF YOUTH ENTREPRENEURSHIP. 
(a) ESTABLISHMENT.—Not later than 1 year after 
the date of enactment of this Act, the Administrator of 
the Small Business Administration shall establish an Of-
fice of Youth Entrepreneurship (in this section referred 
to as the ‘‘Office’’) in the Small Business Administration. 
(b) DIRECTOR.—The Administrator shall appoint a 
Director of Youth Entrepreneurship (in this section re-
ferred to as the ‘‘Director’’) to serve as the head of the 
Office. 
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(c) DUTIES.—The Director shall— 
(1) carry out the youth entrepreneurship tech-
nical assistance grant program described in sub-
section (d); 
(2) carry out the youth entrepreneurship cur-
riculum grant program described in subsection (e); 
(3) promote the growth of youth entrepreneur-
ship by establishing public-private partnerships and 
carrying out advertising campaigns; 
(4) sponsor and support State and national 
youth entrepreneurship competitions that raise 
awareness of the importance of small business devel-
opment; 
(5) study and promote Federal activities that 
support entrepreneurship education; and 
(6) support the establishment of public and pri-
vate youth entrepreneurship education and men-
toring opportunities. 
(d) YOUTH ENTREPRENEURSHIP TECHNICAL AS-
SISTANCE GRANT PROGRAM.—The Director shall estab-
lish a program under which the Director may make grants 
to assist entities, including nonprofit microenterprise de-
velopment organizations, to provide individuals under 25 
years of age with technical assistance related to entrepre-
neurship. 
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(e) 
YOUTH
ENTREPRENEURSHIP
CURRICULUM 
GRANT PROGRAM.— 
(1) IN GENERAL.—The Director shall establish 
a program under which the Director may make 
grants to a covered entity to assist the development, 
improvement, or implementation of a youth entre-
preneurship curriculum that includes information on 
the topics of— 
(A) securing capital and borrowing; 
(B) business plan conception and drafting; 
(C) accounting; 
(D) management; and 
(E) marketing. 
(2) APPLICATION PROCESS.—To be eligible for 
a grant described in paragraph (1), a covered entity 
shall submit to the Director an application at such 
time, in such manner, and containing such informa-
tion as the Director may require, except that the ap-
plication shall include at least— 
(A) a description of the curriculum to be 
developed, improved, or implemented; 
(B) a description of how grant funds will 
be used; 
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(C) a description of goals relating to the 
use of grant funds and the curriculum to be de-
veloped, improved, or implemented; and 
(D) a description of how progress will be 
measured with respect to the goals described in 
subparagraph (C). 
(3) COVERED ENTITY DEFINED.—In this sub-
section, the term ‘‘covered entity’’ means a local 
educational agency in any of the several States, the 
District of Columbia, or a territory or possession of 
the United States and a local educational agency of 
a federally recognized Indian tribe. 
(f) INVESTMENT AREAS.— 
(1) IN GENERAL.—The Director shall ensure 
that at least 25 percent of the amounts made avail-
able to carry out the Office each fiscal year are used 
to assist youth in investment areas. 
(2) INVESTMENT AREA DEFINED.—In this sub-
section, the term ‘‘investment area’’ has the meaning 
given that term in section 103(16) of the Riegle 
Community Development and Regulatory Improve-
ment Act of 1994 (12 U.S.C. 4702(16)). 
(g) STUDENT LOAN ASSISTANCE.—Not later than 
180 days after the date of enactment of this Act, the Di-
rector, in consultation with the Secretary of Education, 
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shall submit to Congress a report that includes detailed 
recommendations for legislation— 
(1) establishing a program to forgive student 
loans in a manner that assists youth entrepreneur-
ship by making available capital for business forma-
tion; and 
(2) establishing a program to defer student loan 
repayments in a manner that assists youth entrepre-
neurship by making available capital for business 
formation. 
SEC. 204. GAO STUDY AND REPORT. 
(a) STUDY.—The Comptroller General of the United 
States shall conduct a study on— 
(1) the economic impact of allowing youth en-
trepreneurs to defer student loan repayments to 
make available capital for business formation; 
(2) the economic impact of increasing the par-
ticipation of individuals under 25 years of age in the 
microloan program of the Small Business Adminis-
tration (carried out under section 7(m) of the Small 
Business Act (15 U.S.C. 636(m)), notwithstanding 
the limited collateral and formal business experience 
of such individuals; 
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