of higher education that participates in a student financial assistance program under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq. ). . (b) Conforming amendment The table of parts for subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: PART XII—Rules relating to qualified educational income sharing agreements . III Disclosures applicable to income share agreements 301. Disclosures The following disclosures shall be provided to ISA recipients: (1) In general An ISA provider (regardless of whether the ISA provided is an educational ISA) shall provide, to any individual that applies for or signs an income share agreement, a written document that clearly and simply discloses the information required by this Act. (2) Application The provisions of this title shall not apply to— (A) income share agreements primarily for business, commercial, or agricultural purposes