Cap required payments on outcomes-based financing products at no more than 20 percent of student income and require no payments below a minimum affordability threshold.

Caps required payments at no more than 20 percent of a student’s income and ensures no payments are owed when income falls below a minimum affordability threshold.

The bill would limit outcomes-based financing payments to 20 percent of income and pause payments below an affordability threshold.

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

The bill text proposed federal rules for income-share agreements, including a cap preventing total income-share rates from exceeding 20 percent and borrower protections tied to a minimum income threshold before payments are owed.

Young’s bill appears to match the substance of the commitment, but introduction of bill text alone did not make the cap or minimum-payment threshold legally effective.

unresolved unknown A for effort

Text - S.2114 - 116th Congress (2019-2020): ISA Student Protection Act of 2019
secondary · model gpt-5.5 · confidence 78%

Congress.gov records S.2114 as introduced in the Senate and referred to the Committee on Finance, with no recorded enactment action.

The main concrete legislative vehicle did not become law in the 116th Congress, so the promised federal cap and affordability threshold were not delivered through this bill.

unresolved unknown A for effort

Congress.gov - S.2114, All Actions
secondary · model gpt-5.5 · confidence 80%

Young’s Senate office announced bipartisan introduction of legislation to regulate income-share agreements and protect students using those financing products.

This is strong evidence of serious concrete effort by Young, but it documents a proposal rather than completed delivery.

unresolved unknown A for effort

Senator Todd Young - Young, Rubio, Warner, Coons Introduce Bipartisan Bill to Protect Students Using Income Share Agreements
secondary · model gpt-5.5 · confidence 72%

The CFPB took enforcement action involving income-share agreements and treated the products as consumer credit/private education loans subject to federal consumer-finance requirements.

Federal regulators addressed some ISA consumer-protection issues, but this did not establish Young’s promised 20 percent income cap or a minimum affordability threshold for all such products.

partial unknown

Consumer Financial Protection Bureau - CFPB Takes Action Against Student Lender for Misleading Income Share Agreements
secondary · model gpt-5.5 · confidence 69%

A current Congress.gov legislation search did not identify a newly enacted federal law in the June 7, 2026 to July 6, 2026 lookback window delivering the 20 percent cap and no-payment threshold for outcomes-based student financing products.

No concrete official sign was found in the lookback window that the commitment had recently been delivered; the issue remains unresolved as of July 6, 2026.

unresolved unknown

Congress.gov - Legislation Search for Todd Young Income Share Agreement / Outcomes-Based Financing
secondary · model gpt-5.5 · confidence 62%