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Code · BILL · 114th Congress · H.R. 3432 (Introduced in House) — To provide the legal framework and income tax treatment necessary for the growth of innovative private financing opti... · Sec. 1

Sec. 1. Short title and table of contents

144 words·~1 min read·/bill/114/hr/3432/ih/section-1

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This Act may be cited as the . Investing in Student Success Act of 2015 Sec. 1. Short title and table of contents. Title I—Tax treatment of income-share agreements Sec. 101. Definition of income-share agreement . Sec. 102. Tax treatment of proceeds and payments of future income. Sec. 103. Terms and conditions of income-share agreement contracts. Sec. 104. Rulemaking; model disclosure forms. Title II—Treatment of income-share agreements under State law Sec. 201. Purpose; lawfulness of contracts; preemption of State law.
Sec. 202. Preemption of State law with respect to usury. Sec. 203. Definitions. Title III—Qualified education loan Sec. 301. Qualified Education loan. Title IV—Federal individual assistance treatment of income-share agreements Sec. 401. Proceeds not treated as income in calculation of financial need under the higher education act of 1965. Title V—Investment company treatment Sec. 501. Businesses making income-share agreements excluded from investment company treatment.
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