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

legacy_unverified · Source version not recorded · locator unknown

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.

Unverified model/legacy excerpt; not proof. AI summary (separate from source): 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%

legacy_unverified · Source version not recorded · locator unknown

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

Unverified model/legacy excerpt; not proof. AI summary (separate from source): 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%

legacy_unverified · Source version not recorded · locator unknown

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

Unverified model/legacy excerpt; not proof. AI summary (separate from source): 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%

legacy_unverified · Source version not recorded · locator unknown

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.

Unverified model/legacy excerpt; not proof. AI summary (separate from source): 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%

legacy_unverified · Source version not recorded · locator unknown

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.

Unverified model/legacy excerpt; not proof. AI summary (separate from source): 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%