Sec. 402. Businesses making Qualified ISAs 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 Qualified ISAs or income-share agreements (as those terms are defined in section 2 of the after ISA Student Protection Act of 2019 ), industrial banking, ; and in paragraph (5)— by inserting , including purchasing or otherwise acquiring Qualified ISAs or income-share agreements (as those terms are defined in section 2 of the after ISA Student Protection Act of 2019 ) services the first place it appears; and by inserting , including making Qualified ISAs or 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. 402

Businesses making Qualified ISAs excluded from investment company treatment

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