To provide a consumer protection framework necessary to support the growth of outcomes-based student financing tools to support workforce training, postsecondary education, and economic development, and for other purposes.

Erin Houchin

Republican · IN · Representative

Source: Congress.gov · FEC

• Ritchie Torres (D-NY-15)Original· 2026-06-25

Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Workforce, and the Judiciary, 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.

2026-06-25

Source: Congress.gov

The bill would create rules to protect students and workers who use "income-share agreements"—financial arrangements where students borrow money for education or job training and repay it based on their future earnings rather than a fixed loan amount. It aims to establish consumer safeguards while allowing these alternative financing tools to grow as options for people pursuing education and career training. The proposal affects students, workers, training programs, educational institutions, and the companies offering these financing products.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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