S. 4943
Introduced in Senate · July 13, 2026June 24, 2026
Mr. Young (for himself, Mr. Warner, and Mr. Coons) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
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.
1. Short title; table of contents; TITLE I—TAX TREATMENT OF OBF PRODUCTS; 101. Exclusion of income from discharge of indebtedness; 102. Treatment as interest on education loan; 103. Amounts treated as educational assistance; 104. Treatment of amounts received by OBF provider; TITLE II—DISCLOSURES APPLICABLE TO OBF PRODUCTS; 201. Disclosures; 202. Advertising of OBF products; TITLE III—CONSUMER PROTECTIONS FOR OBF PRODUCTS; 301. Consumer protections; 302. Treatment under bankruptcy laws; TITLE IV—OTHER CLARIFICATIONS TO SUPPORT OBF PRODUCTS; 401. Consent to continuing release of taxpayer information under OBF products; 402. Amendments to the Higher Education Act of 1965; 403. Supporting outcomes-based underwriting; 404. Treatment under the Fair Credit Reporting Act
Amounts received by outcomes-based financing provider
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,