Sec. 502. Businesses making income-share agreements excluded from investment company treatment

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Section 3(c) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–3(c) ) is amended— in paragraph (4), by inserting after industrial banking, the following: income-share agreements (as defined in section 2 of the Investing in Students Act of 2017), ; and in paragraph (5)— by inserting , including purchasing or otherwise acquiring income-share agreements (as defined in section 2 of the Investing in Students Act of 2017) after services the first place it appears; and by inserting , including making income-share agreements (as so defined) after services the second place it appears.

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15 USC 80a–3(c)

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Sec. 502

Businesses making income-share agreements excluded from investment company treatment

Cite15 USC 80a–3(c)

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