US HB3179 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on June 10 2019 - 25% progression, died in committee
Action: 2019-06-10 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Modifies requirements for a proprietary (i.e., for-profit) institution of higher education (IHE) to participate in federal student aid programs. Current law requires a proprietary IHE to derive at least 10% of its revenue from sources other than federal student aid. requires a proprietary IHE to derive at least 15% of its revenue from sources other than federal funds (i.e., it replaces the so-called 90/10 rule with an 85/15 rule). Additionally, the bill limits what a proprietary institution may treat as revenue to the school in calculating whether it derives at least 15% of its revenue from sources other than federal funds. Finally, the bill makes compliance with the 85/15 rule a condition of institutional eligibility to participate in federal student aid programs (i.e., failure to comply results in immediate loss of institutional eligibility). Currently, a proprietary IHE must violate the rule for two consecutive years before losing eligibility.

Tracking Information

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Title

POST Act of 2019 Protecting Our Students and Taxpayers Act of 2019

Sponsors


History

DateChamberAction
2019-06-10HouseReferred to the House Committee on Education and Labor.
2019-06-10HouseIntroduced in House

Same As/Similar To

SB1775 (Same As) 2019-06-11 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S3322-3323)
HB3369 (Related) 2019-06-19 - Referred to the House Committee on Education and Labor.

Subjects


US Congress State Sources


Bill Comments

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