Rep. Houchin Introduces Bipartisan Bill to Regulate Student Income Share Agreements
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.
This bill was sent to several House committees on June 25, 2026, for review. It has not moved since that date and remains in the early stages of the legislative process. The bill must be reviewed by these committees before it can move forward.
Companion bill: Student Loans: New Rules for Income-Based Financing →The bill has support from both parties and addresses popular concerns about student debt, but it must pass through four different House committees which makes the process much slower.
This bill’s path across every version that has carried it.
Companion
Identical companion bill S. 4943 (119th) was introduced in the other chamber.
S. 4943 (119th) →Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
The Consumer Financial Protection Bureau must write rules and model disclosure forms within 270 days, and the Treasury and Department of Education must issue guidance. This creates new rulemaking and oversight responsibilities for these agencies but is a routine administrative workload rather than a change to federal workers' own employment.
“Not later than 270 days after the date of enactment of the Outcomes-Based Financing (OBF) for Students Act, the Bureau shall prescribe regulations to carry out the purposes of this title”
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.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
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.
Analysis generated by AI. Always verify with official sources.
