Ensures OBF obligations are terminated in the event of death or total and permanent disability.
Terminate outcomes-based financing obligations when the borrower dies or has a total and permanent disability.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
The introduced bill's discharge-protection section says OBF recipient obligations terminate for permanent and total disability and for death, except prior-accrued obligations.
legacy_unverified · Source version not recorded · locator unknown
Last Action Date Listed: June 24, 2026. Action: introduced, read twice, and referred to the Committee on Finance.
Assessments
Young sponsored S. 4943 in the 119th Congress, and the introduced text includes the promised protection terminating further OBF obligations upon death or total and permanent disability, except prior-accrued obligations. But the bill has only been introduced and referred to the Senate Finance Committee; there is no evidence it has been enacted or otherwise made binding federal policy. Because Young is still in office and the relevant Congress is ongoing, the promise is not delivered yet but remains pending rather than finally failed.