HOUCHIN, TORRES INTRODUCE BIPARTISAN OUTCOMES-BASED FINANCING FOR STUDENTS ACT

Washington, June 29 -- Congresswoman Erin Houchin issued the following press release:

Congresswoman Erin Houchin (R-IN-09) and Congressman Ritchie Torres (D-NY-15) recently introduced the bipartisan Outcomes-Based Financing (OBF) for Students Act. Companion legislation (https://www.young.senate.gov/wp-content/uploads/imo/media/doc/220718%20-%20ISA%20Student%20Protection%20Act%20of%202022%20-%20Final%20Version.pdf) was introduced in the Senate by Senators Todd Young (R-IN), Mark Warner (D-VA), and Chris Coons (D-DE). This bill establishes the first comprehensive federal framework for outcomes-based financing products that help students access workforce training and postsecondary education while providing strong consumer protections.

The le...