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Investing in Student Success Act of 2015
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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vs 3,548 other S bills in the 114th — cohort avg 43d
Investing in Student Success Act of 2015 This bill authorizes an individual (i.e., a student) and another person (i.e., an investor) to enter an income-share agreement (ISA) in which the student agrees to pay a percentage of future income, for a specified period of time, in exchange for funds to pay for postsecondary education, workforce development, or other purposes. An ISA that complies with specified terms and conditions and meets certain disclosure requirements is a valid, binding, and enforceable contract and is not subject to state laws that limit interest rates or regulate assignments of future income. The bill amends the Internal Revenue Code to include an ISA as a qualified education loan (a qualified education loan is not dischargeable in bankruptcy), but it prohibits a tax deduction for interest paid on an ISA (interest paid on a qualified education loan is tax deductible). Payments to a student under an ISA are not includible as: (1) gross income for tax purposes, or (2) income or assets for federal financial aid eligibility purposes under the Higher Education Act of 1965. The bill amends the Investment Company Act of 1940 to exclude as an investment company any person whose business substantially consists of making ISAs.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (4)
2016 · fourth_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186 - Investing in Student Success Act of 2015
Client expense: Not reported · Firm income: $48,300
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 3432; S. 2186 - Investing in Student Success Act of 2015; provisions related to tax treatment of consideration in Income Share Agreements
Client expense: Not reported · Firm income: $48,300
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 3432; S. 2186- Investing in Student Success Act of 2015; provisions related to tax treatment of consideration in Income Share Agreements
Client expense: Not reported · Firm income: $12,300
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186- Investing in Student Success Act of 2015
Client expense: Not reported · Firm income: $12,300
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Telecommunications
Online privacy, competition and cyber security; S. 2186, the International Communications Privacy Act.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 3432; S. 2186 - Investing in Student Success Act of 2015; provisions related to tax treatment of consideration in Income Share Agreements
Client expense: $90,000 · Firm income: Not reported
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186 - Investing in Student Success Act of 2015
Client expense: $90,000 · Firm income: Not reported
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
H.R. 3432; S. 2186- Investing in Student Success Act of 2015; provisions related to tax treatment of consideration in Income Share Agreements
Client expense: Not reported · Firm income: $12,300
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186- Investing in Student Success Act of 2015
Client expense: Not reported · Firm income: $12,300
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
H.R. 3432; S. 2186 - Investing in Student Success Act of 2015; provisions related to tax treatment of consideration in Income Share Agreements
Client expense: Not reported · Firm income: $48,300
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186 - Investing in Student Success Act of 2015
Client expense: Not reported · Firm income: $48,300
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Telecommunications
Online privacy, competition and cyber security; S. 2186, the International Communications Privacy Act.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186 - Investing in Student Success Act of 2015
Client expense: $90,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Taxation/Internal Revenue Code
H.R. 3432; S. 2186 - Investing in Student Success Act of 2015; provisions related to tax treatment of consideration in Income Share Agreements
Client expense: $90,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186- Investing in Student Success Act of 2015
Client expense: Not reported · Firm income: $12,300
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
H.R. 3432; S. 2186- Investing in Student Success Act of 2015; provisions related to tax treatment of consideration in Income Share Agreements
Client expense: Not reported · Firm income: $12,300
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186-Investing in Student Success Act of 2015
Client expense: $90,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
H.R. 3432; S. 2186-Investing in Student Success Act of 2015; provisions related to tax treatment of consideration in Income Share Agreement
Client expense: $90,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186 - Investing in Student Success Act of 2015
Client expense: Not reported · Firm income: $48,300
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Taxation/Internal Revenue Code
H.R. 3432; S. 2186 - Investing in Student Success Act of 2015; provisions related to tax treatment of consideration in Income Share Agreements
Client expense: Not reported · Firm income: $48,300
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · first_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186- Investing in Student Success Act of 2015
Client expense: Not reported · Firm income: $12,300
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · first_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186 - Investing in Student Success Act of 2015
Client expense: Not reported · Firm income: $48,300
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2016 · first_quarter · Education
Issues related to Higher Education Act reauthorization; Title IV; regulatory reporting H.R. 3432; S. 2186 - Investing in Student Success Act of 2015
Client expense: $100,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE