3.0.0 2114 2022-11-01T13:50:38Z 2022-11-01T13:50:38Z Senate S 2019-07-15 116 ssfi00 Finance Committee Senate Standing Referred to 2019-07-15T20:12:20Z Kids to College Act 116 1810 HR 2019-04-11 Referred to the Subcommittee on Economic Opportunity. Related bill CRS 2019-07-15 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-07-15 Introduced in Senate IntroReferral 10000 9 Library of Congress Y000064 Sen. Young, Todd [R-IN] Todd Young R IN C. N W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2019-07-15 True R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2019-07-15 True C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2019-07-15 True Finance and Financial Sector Administrative law and regulatory procedures Business investment and capital Congressional oversight Consumer Financial Protection Bureau Consumer credit Debt collection Department of Defense Department of the Treasury Federal preemption Higher education Income tax exclusion Military personnel and dependents Securities State and local government operations Student aid and college costs Tax administration and collection, taxpayers Wages and earnings Finance and Financial Sector 00 2019-07-15 Introduced in Senate 2020-05-08T19:17:26Z ISA Student Protection Act of 2019

This bill provides for income-share agreements whereby a student agrees to pay a percentage of future income, for a specified period of time, in exchange for funds to pay for educational expenses.

The bill places caps on the percentage of a student's future income that may go towards repayment, provides income minimums under which the required payment is zero, and establishes limitations on the length of these agreements.

The bill provides for the treatment of these agreements under various laws, including tax, securities, and consumer finance laws.

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ISA Student Protection Act of 2019 Display Title ISA Student Protection Act of 2019 Short Title(s) as Introduced ISA Student Protection Act of 2019 Introduced in Senate IS Official Title as Introduced A bill to provide the legal framework and income tax treatment necessary for the growth of innovative private financing options, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-07-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2114is/xml/BILLS-116s2114is.xml 2019-07-15 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.