US Congress Senate Bill 2032 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on January 23 2012 - 25% progression, died in committee
Action: 2012-01-23 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S44-45)
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Protecting Our Students and Taxpayers Act or POST Act - 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.

POST Act

Sen. Richard Durbin [D-IL]	Sen. Barbara Boxer [D-CA]	Sen. Dianne Feinstein [D-CA]	Sen. Tom Harkin [D-IA]
Sen. Frank Lautenberg [D-NJ]	Sen. Bernard Sanders [I-VT]

Date	Chamber	Action
2012-01-23	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S44-45)

HB3447 (Related) 2012-03-29 - Referred to the Subcommittee on Higher Education and Workforce Training.
HB3764 (Related) 2012-03-29 - Referred to the Subcommittee on Higher Education and Workforce Training.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2032/all-info
Text	https://www.congress.gov/112/bills/s2032/BILLS-112s2032is.pdf