US HB3496 | 2013-2014 | 113th Congress

Status

Sponsorship: Partisan Bill (Democrat 4)
Status: Introduced on November 14 2013 - 25% progression, died in committee
Action: 2014-01-22 - Referred to the Subcommittee on Higher Education and Workforce Training.
Pending: House Subcommittee on Higher Education and Workforce Training Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Protecting Our Students and Taxpayers Act of 2013 or the POST Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require proprietary institutions of higher education to derive at least 15% of their revenue from sources other than federal funds or become ineligible for title IV funding. (Currently, the 90/10 rule requires these schools to derive at least 10% of their revenue from sources other than title IV or become ineligible for title IV funding.) Defines "federal funds" as federal financial assistance provided through a grant, contract, subsidy, loan, guarantee, insurance, or other means to a proprietary institution, including federal financial assistance that is provided to an institution on behalf of a student or to a student to attend the institution. Excludes monthly housing stipends provided under the Post-9/11 Veterans Educational Assistance program from consideration as federal funds. Limits what a proprietary institution may treat as revenue to the school in calculating whether it derives at least 15% of its revenue from non-federal funds.

Tracking Information

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Title

POST Act of 2013

Sponsors


History

DateChamberAction
2014-01-22HouseReferred to the Subcommittee on Higher Education and Workforce Training.
2013-11-14HouseReferred to the House Committee on Education and the Workforce.

Same As/Similar To

SB1659 (Same As) 2013-11-07 - Sponsor introductory remarks on measure. (CR S7912-7913)

Subjects


US Congress State Sources


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