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Code · BILL · 116th Congress · H.R. 1810 (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; table of contents

251 words·~1 min read·/bill/116/hr/1810/ih/section-1·

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This Act may be cited as the . Kids to College Act The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Definitions. Title I—Tax Treatment of Income-Share Agreements Sec. 101. Tax treatment of proceeds and payments of future income. Sec. 102. Terms and conditions of income-share agreement contracts. Sec. 103. Rulemaking; model disclosure forms. Sec. 104. Truth in Lending Act. Sec. 105. Consent to continuing release of taxpayer information under income share agreement.
Title II—Treatment of Income-Share Agreements Under State Law Sec. 201. Lawfulness of contracts; preemption of State law. Sec. 202. Preemption of State law with respect to usury. Sec. 203. Preemption of pre-existing State laws with respect to ability-to-repay and licensing laws. 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—Treatment Under Securities Laws Sec. 501. Income-share agreements not treated as securities. Sec. 502. Businesses making income-share agreements excluded from investment company treatment. Title VI—Treatment under Federal consumer finance laws Sec. 601. Income-share agreement anti-discrimination protections. Sec. 602. Prohibition on requiring preauthorized electronic fund transfers. Sec. 603. Treatment under the Fair Credit Reporting Act. Sec. 604. Application of the Military Lending Act.
Sec. 605. Application of the Servicemembers Civil Relief Act. Sec. 606. Rulemaking. Title VII—Treatment under other laws Sec. 701. Insurance and wagering. Sec. 702. Payments not considered prepayments.
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