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ISA Student Protection Act of 2019

USA116th CongressS-2114| Senate 
| Updated: 7/15/2019
Todd Young

Todd Young

Republican Senator

Indiana

Cosponsors (3)
Christopher A. Coons (Democratic)Mark R. Warner (Democratic)Marco Rubio (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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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Timeline
Jul 15, 2019
Introduced in Senate
Jul 15, 2019
Read twice and referred to the Committee on Finance.
  • July 15, 2019
    Introduced in Senate


  • July 15, 2019
    Read twice and referred to the Committee on Finance.

Finance and Financial Sector

Related Bills

  • HR 116-1810: Kids to College Act
Administrative law and regulatory proceduresBusiness investment and capitalCongressional oversightConsumer creditConsumer Financial Protection BureauDebt collectionDepartment of DefenseDepartment of the TreasuryFederal preemptionHigher educationIncome tax exclusionMilitary personnel and dependentsSecuritiesState and local government operationsStudent aid and college costsTax administration and collection, taxpayersWages and earnings

ISA Student Protection Act of 2019

USA116th CongressS-2114| Senate 
| Updated: 7/15/2019
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 15, 2019
Introduced in Senate
Jul 15, 2019
Read twice and referred to the Committee on Finance.
  • July 15, 2019
    Introduced in Senate


  • July 15, 2019
    Read twice and referred to the Committee on Finance.
Todd Young

Todd Young

Republican Senator

Indiana

Cosponsors (3)
Christopher A. Coons (Democratic)Mark R. Warner (Democratic)Marco Rubio (Republican)

Finance Committee

Finance and Financial Sector

Related Bills

  • HR 116-1810: Kids to College Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBusiness investment and capitalCongressional oversightConsumer creditConsumer Financial Protection BureauDebt collectionDepartment of DefenseDepartment of the TreasuryFederal preemptionHigher educationIncome tax exclusionMilitary personnel and dependentsSecuritiesState and local government operationsStudent aid and college costsTax administration and collection, taxpayersWages and earnings