Expand access to outcomes-based financing options for postsecondary education and workforce training while establishing federal consumer protections for participants.

The legislation expands access to innovative financing options for students pursuing postsecondary education and workforce training while establishing strong consumer protections to safeguard participants.

Young introduced the OBF for Students Act to expand outcomes-based financing for students and create safeguards for participants.

Young, Colleagues Introduce Bill to Support Transformative Financing Tools for Students
primary · press_release · model gpt-5.5

Congress.gov shows H.R.1 became Public Law 119-21 on July 4, 2025. Its CRS summary says ED must award Workforce Pell Grants for eligible workforce programs, with those changes taking effect July 1, 2026.

Within the lookback window, Workforce Pell provisions took effect, expanding federal aid access for short workforce programs. This is related to workforce-training financing, but it is grant-based, not outcomes-based financing, and it does not create the ISA consumer-protection framework in the commitment.

partial same_term A for effort

H.R.1 - 119th Congress (2025-2026): An act to provide for reconciliation pursuant to title II of H. Con. Res. 14.
secondary · model gpt-5.5 · confidence 86%

The Senate roll call for H.R.1 lists the bill as passed on July 1, 2025, and records Todd Young of Indiana voting Yea.

Young took a concrete vote for the law that later created Workforce Pell Grants, supporting partial delivery on workforce-training access but not the full outcomes-based financing and consumer-protection promise.

partial same_term A for effort

U.S. Senate Roll Call Votes 119th Congress - 1st Session, Vote 372
secondary · model gpt-5.5 · confidence 90%

Congress.gov identifies Todd Young as sponsor of S.2114, introduced July 15, 2019. The latest action was referral to Senate Finance, and the bill status remained Introduced.

Young introduced a directly relevant ISA bill, but it did not advance beyond introduction in that Congress, so it did not deliver the commitment as a federal statutory framework.

never unknown A for effort

S.2114 - 116th Congress (2019-2020): ISA Student Protection Act of 2019
secondary · model gpt-5.5 · confidence 93%

The bill text would set ISA terms such as income-percentage caps, zero-payment thresholds, required disclosures, anti-discrimination provisions, and treatment under consumer finance laws.

The bill maps closely to the promise by attempting to expand income-share agreement financing and impose federal participant protections, but it remained only proposed legislation.

never unknown A for effort

Text - S.2114 - 116th Congress (2019-2020): ISA Student Protection Act of 2019
secondary · model gpt-5.5 · confidence 92%

CFPB announced an enforcement action against an ISA provider, saying ISAs used to finance education are credit products that must comply with federal consumer protections.

Federal enforcement established some consumer-protection treatment for income share agreements, but this was agency enforcement rather than Young’s proposed statutory expansion of outcomes-based financing access.

partial unknown

CFPB Takes Action Against Student Lender for Misleading Borrowers about Income Share Agreements
secondary · model gpt-5.5 · confidence 88%