# 119-hr-9469: Outcomes-Based Financing (OBF) for Students Act

119-hr-9469, Outcomes-Based Financing (OBF) for Students Act, is a 119th Congress bill sponsored by Rep. Houchin, Erin [R-IN-9] (R-IN); status introduced; PRIA reads it as touching household money (as of 2026-07-18).

- Canonical: https://policyrisk.com/legislation/119-hr-9469
- As of: 2026-07-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9469
- Congress: 119
- Title: Outcomes-Based Financing (OBF) for Students Act
- Status: introduced
- Introduced: 2026-06-25
- Sponsor: Rep. Houchin, Erin [R-IN-9] (R-IN)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-18

## Summary

**Creates an outcomes-based financing framework for education and workforce training.** It would pair strong consumer protections and new disclosure rules with tax changes that affect students, workers, employers, and providers.

## Cosponsors (1)

- Rep. Torres, Ritchie [D-NY-15] (D-NY), 2026-06-25T00:00:00.000Z

## Provisions PRIA read

- Student OBF tax rules and deductions: benefit, high. If enacted, amounts forgiven or otherwise discharged from an outcomes-based loan or payment agreement would not count as taxable income for taxable years after enactment. If the OBF agreement finances qualified higher education expenses, amounts you pay under the agreement would be treated like stu…
- Tax exclusion for OBF providers: benefit, high. If enacted, OBF providers could exclude from gross income amounts they receive from a recipient in a taxable year up to the unpaid portion of the original amount financed. The exclusion equals the smaller of amounts received that year or the amount financed minus what the provider already received…
- Tax-free employer OBF education help: benefit, medium. If enacted, an employer's financing of an employee's education through an outcomes-based product would be eligible for the tax-free employer educational assistance exclusion. The change would apply for taxable years beginning after enactment and uses the bill's definition of an outcomes-based produ…
- School OBF reporting and forms: benefit, low. If enacted, proprietary colleges would count only OBF payments they actually receive in a fiscal year and only up to the amount financed when reporting under the Higher Education Act. The bill would also update Higher Education Act model disclosure forms so they reference the Truth in Lending Act O…
- New rules for student OBF deals: mixed, medium. If enacted, this bill would set detailed rules and protections for outcomes-based financing (OBF) used for education. It would define OBF products and limit payments: periodic payments must be $0 when your income is below the product's income threshold (which must be at least 250% of poverty), paym…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-137: TCJA Permanency Act
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-5509: Safe Step Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act

## Sources
- [119-hr-9469 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9469)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-5509: Safe Step Act](https://policyrisk.com/legislation/119-hr-5509)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9469 (as of 2026-07-18).