HB1430Introduced in the House
STUDENT INVESTMENT ACCOUNT
Introduced by Eva Dina Delgado, District 3
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amends the Student Investment Account Act. Allows the State Treasurer to originate, guarantee, acquire, and service refinance loans; invest in, and enter into contracts with, institutions that provide refinance loans; deposit funds with financial institutions that provide refinance loans; establish specific criteria governing the eligibility of entities to participate in the making of refinance loans; charge and collect premiums for insurance on refinance loans; and deduct from a State employee's salary, wages, commissions, and bonuses the recovery of a refinance loan debt. Removes language allowing the State Treasurer to: enter into income share agreements with participants, facilitate income share agreements between participants and eligible income share agreement providers, and perform other acts as may be necessary or desirable in connection with income share agreements; enter into contracts and guarantee agreements as necessary to operate the Student Investment Account with income share agreement providers or qualified income share agreement organizations; establish specific criteria governing the eligibility of entities to participate in the making of income share agreements; pay income share agreement providers or qualified income share agreement organizations an administrative fee in connection with services provided pursuant to the Student Investment Account; charge and collect premiums for insurance on income share agreements; and deduct from a State employee's salary, wages, commissions, and bonuses the recovery of an income share agreement. Allows (rather than requires) the State Treasurer to establish fees to cover the costs of administration, recordkeeping, marketing, and investment management related to the Student Investment Account. Removes language allowing moneys in the Student Investment Account Assistance Fund to be used to provide assistance to income share agreement participants. Makes conforming changes.
Where it stands
Public Act . . . . . . . . . 104-0180
August 15, 2025
How did lawmakers vote?
House votes
2 recorded votes · each counted separately
Senate votes
2 recorded votes · each counted separately
SenateStage: Third Reading in Senate · May 22, 2025
46
Yes
12
No
1
Absent or Not Voting
59 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Javier Cervantes | 1 | Yes |
| Omar Aquino | 2 | Yes |
| Mattie Hunter | 3 | Yes |
| Kimberly Lightford | 4 | Yes |
| Lakesia Collins | 5 | Yes |
| Sara Feigenholtz | 6 | Yes |
| Mike Simmons | 7 | Yes |
| Ram Villivalam | 8 | Yes |
| Laura Fine | 9 | Yes |
| Robert Martwick | 10 | Yes |
Bill history
Filed with the Clerk by Rep. Eva-Dina Delgado
First Reading
Referred to Rules Committee
Assigned to Higher Education Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Eva-Dina Delgado
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Rules Refers to Higher Education Committee
Added Co-Sponsor Rep. Barbara Hernandez
House Committee Amendment No. 1 Adopted in Higher Education Committee; by Voice Vote
Do Pass as Amended / Short Debate Higher Education Committee; 010-001-000
Placed on Calendar 2nd Reading - Short Debate
Added Chief Co-Sponsor Rep. Carol Ammons
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Added Co-Sponsor Rep. Angelica Guerrero-Cuellar
Added Co-Sponsor Rep. Kevin John Olickal
Added Co-Sponsor Rep. Kelly M. Cassidy
Third Reading - Short Debate - Passed 067-038-001
Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
Added Co-Sponsor Rep. Hoan Huynh
Arrive in Senate
Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. Omar Aquino
First Reading
Referred to Assignments
Assigned to Financial Institutions
Added as Alternate Chief Co-Sponsor Sen. Mark L. Walker
Postponed - Financial Institutions
Added as Alternate Chief Co-Sponsor Sen. Robert F. Martwick
Added as Alternate Chief Co-Sponsor Sen. Robert Peters
Do Pass Financial Institutions; 007-001-000
Placed on Calendar Order of 2nd Reading May 8, 2025
Second Reading
Placed on Calendar Order of 3rd Reading May 13, 2025
Added as Alternate Co-Sponsor Sen. Graciela Guzmán
Third Reading - Passed; 046-012-000
Passed Both Houses
Sent to the Governor
Governor Approved
Effective Date August 15, 2025
Public Act . . . . . . . . . 104-0180
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.