S. 4943 · Where this bill is now

In committee

Introduced in the Senate, Jun 24, 2026

119th Congress
2nd SessionS. 4943

A BILL

Outcomes-Based Financing (OBF) for Students Act

In the SenateNo vote yet

Sponsor: Sen. Todd Young (R-IN) · Introduced Jun 24, 2026 · Finance and Financial Sector · 1 version of the text

Read the full bill Official record on Congress.gov ↗

Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jun 24, 2026: “Read twice and referred to the Committee on Finance.”

Sections

Sections · 1

Sec. 1Short title; table of contentsNo change

Title I — Tax treatment of OBF products · 4

Sec. 101Exclusion of income from discharge of indebtednessNo change
Sec. 102Treatment as interest on education loanNo change
Sec. 103Amounts treated as educational assistanceNo change
Sec. 104Treatment of amounts received by OBF providerNo change

Title II — Disclosures applicable to OBF products · 2

Sec. 201DisclosuresNo change
Sec. 202Advertising of OBF productsNo change

Title III — Consumer protections for OBF products · 2

Sec. 301Consumer protectionsNo change
Sec. 302Treatment under bankruptcy lawsNo change

Title IV — Other clarifications to support OBF products · 4

Sec. 401Consent to continuing release of taxpayer information under OBF productsNo change
Sec. 402Amendments to the Higher Education Act of 1965No change
Sec. 403Supporting outcomes-based underwritingNo change
Sec. 404Treatment under the Fair Credit Reporting ActNo change