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Code · BILL · 116th Congress · S. 2114 (Introduced in Senate) — To provide the legal framework and income tax treatment necessary for the growth of innovative private financing opti... · Sec. 201

Sec. 201. Lawfulness of contracts; preemption of State law

56 words·~1 min read·/bill/116/s/2114/is/section-201·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A Qualified ISA shall be a valid, binding, and enforceable contract notwithstanding any State law limiting or otherwise regulating assignments of future wages or other income. An ISA funder may rely in good faith on a statement from the individual obligated by a Qualified ISA with respect to such individual’s aggregate obligation on the Qualified ISA.
★   the supreme law of the land   ★
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