Kids to College Act
USA116th CongressHR-1810| House
| Updated: 4/11/2019
Mark E. Green
Republican Representative
Tennessee
Cosponsors (1)
Committees (7)
• Ways and Means Committee• Military Personnel Subcommittee• Financial Services Committee• Veterans' Affairs Committee• Armed Services Committee• Economic Opportunity Subcommittee• Education and Workforce Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Kids to College Act 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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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Armed Services, and Veterans' Affairs, 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 concerned.
Referred to the Subcommittee on Military Personnel.
Referred to the Subcommittee on Economic Opportunity.
Finance and Financial Sector
Administrative law and regulatory proceduresBusiness investment and capitalConsumer creditConsumer Financial Protection BureauDepartment of DefenseDepartment of the TreasuryFederal preemptionHigher educationIncome tax exclusionMilitary personnel and dependentsState and local government operationsStudent aid and college costsTax administration and collection, taxpayersWages and earnings
Kids to College Act
USA116th CongressHR-1810| House
| Updated: 4/11/2019
Kids to College Act 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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Armed Services, and Veterans' Affairs, 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 concerned.
Referred to the Subcommittee on Military Personnel.
Referred to the Subcommittee on Economic Opportunity.
Mark E. Green
Republican Representative
Tennessee
Cosponsors (1)
Committees (7)
• Ways and Means Committee• Military Personnel Subcommittee• Financial Services Committee• Veterans' Affairs Committee• Armed Services Committee• Economic Opportunity Subcommittee• Education and Workforce Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBusiness investment and capitalConsumer creditConsumer Financial Protection BureauDepartment of DefenseDepartment of the TreasuryFederal preemptionHigher educationIncome tax exclusionMilitary personnel and dependentsState and local government operationsStudent aid and college costsTax administration and collection, taxpayersWages and earnings