H.R.1810 - Kids to College Act116th Congress (2019-2020) |
|Sponsor:||Rep. Green, Mark E. [R-TN-7] (Introduced 03/18/2019)|
|Committees:||House - Financial Services; Ways and Means; Education and Labor; Armed Services; Veterans' Affairs|
|Latest Action:||House - 04/11/2019 Referred to the Subcommittee on Economic Opportunity. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.1810 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (03/18/2019)
Kids to College Act
This bill provides for income-share agreements whereby a student agrees to pay a percentage of future income, for a specified period of time, in exchange for funds to pay for educational expenses.
The bill places caps on the percentage of a student's future income that may go towards repayment, provides income minimums under which the required payment is zero, and establishes limitations on the length of these agreements.
The bill provides for the treatment of these agreements under various laws, including tax, securities, and consumer finance laws.