S5594-118

Introduced

To amend the Higher Education Act of 1965 to support innovative, evidence-based approaches that improve the effectiveness and efficiency of postsecondary education for all students, to allow pay for success initiatives, to provide additional evaluation authority, and for other purposes.

118th Congress Introduced Dec 18, 2024

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend the Higher Education Act of 1965 to support innovative, evidence-based approaches that improve the effectiveness and efficiency of postsecondary education for all students, to allow pay for success initiatives, to provide additional evaluation authority, and for other purposes., changes federal law or congressional policy affecting schools, students, and education providers. The main policy domain is Education, Finance, Civil Rights.

Who Benefits and How

schools, students, and education providers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, schools, students, and education providers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section id1143934D95824FDC8A54F01674AE515D: 1. Short title This Act may be cited as the Fund for Innovation and Success in Higher Education Act or the FINISH Act.
  • Section id12C9D676CCF6411AB8116CFBFB4167A6: 2. Innovation grants Part B of title VII of the Higher Education Act of 1965 (20 U.S.C. 1138 et seq.) is amended— by redesignating section 745 as section 746;...
  • Section idC0ED12BF9FE54E7CAFB78E5A10B3E42F: 745. Innovation grants The purposes of this section are to— increase access to, retention in, and completion of postsecondary education opportunities for...
  • Section id2295f2c438304549a0bbf5d448153889: 3. Open educational resources Section 741(a) of the Higher Education Act of 1965 (20 U.S.C. 1138(a)) is amended— in paragraph (12), by striking and after the...
  • Section ideacb00394f214dc4982988162324a477: 4. Pay for success initiatives Part B of title I of the Higher Education Act of 1965 (20 U.S.C. 1011 et seq.) is amended by adding at the end the following:...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To amend the Higher Education Act of 1965 to support innovative, evidence-based approaches that improve the effectiveness and efficiency of postsecondary education for all students, to allow pay for success initiatives, to provide additional evaluation authority, and for other purposes., changes federal law or congressional policy affecting schools, students, and education providers.

Key Policy Areas

Education, Finance, Civil Rights

Primary Purpose

This bill, To amend the Higher Education Act of 1965 to support innovative, evidence-based approaches that improve the effectiveness and efficiency of postsecondary education for all students, to allow pay for success initiatives, to provide additional evaluation authority, and for other purposes., changes federal law or congressional policy affecting schools, students, and education providers.

Policy Domains

Education Finance Civil Rights

Whole bill

Identified Gains
  • schools, students, and education providers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
schools, students, and education providers: , ,
Identified Costs
  • federal implementing agencies
  • schools, students, and education providers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
federal implementing agencies: , ,
schools, students, and education providers: , ,

Legislative Progress

Introduced
Introduced Committee Passed
Dec 18, 2024

Mr. Young (for himself and Mr. Bennet) introduced the following …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Education Finance Civil Rights
Actor Mappings
"the_secretary"
→ The Secretary identified in the operative section

Key Definitions

Terms defined in this bill

4 terms
"intermediary organization" §id12C9D676CCF6411AB8116CFBFB4167A6

an entity— with strong skills and a track record of success in— identifying effective interventions to address State, regional, or local problems

"pay for success initiative" §id9180116D591A40799E6C3A409C40B6CF

a performance-based grant, contract, or other agreement— between an eligible entity and the Secretary or a grant recipient, as authorized under subsection (b)(1)

"intermediary organization" §idC0ED12BF9FE54E7CAFB78E5A10B3E42F

an entity— with strong skills and a track record of success in— identifying effective interventions to address State, regional, or local problems

"pay for success initiative" §ideacb00394f214dc4982988162324a477

a performance-based grant, contract, or other agreement— between an eligible entity and the Secretary or a grant recipient, as authorized under subsection (b)(1)

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology