US Congress Senate Bill 2272 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on November 10 2015 - 25% progression, died in committee
Action: 2015-11-10 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S7916)
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]

POST Act of 2015 Protecting Our Students and Taxpayers Act of 2015 This bill amends the Higher Education Act of 1965 (HEA) to modify requirements for a proprietary (i.e., for-profit) institution of higher education (IHE) to participate in title IV (Student Assistance) federal student aid programs. Current law requires a proprietary IHE to derive at least 10% of its revenue from sources other than title IV federal student aid. This legislation 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). It defines federal funds to mean title IV federal student aid, as well as education benefits for military personnel and veterans. 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 moves the 85/15 rule from title IV to title I (General Provisions) of the HEA, making compliance a condition of institutional eligibility to participate in title IV 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 for title IV programs.

POST Act of 2015 Protecting Our Students and Taxpayers Act of 2015

Sen. Richard Durbin [D-IL]	Sen. Jack Reed [D-RI]	Sen. Elizabeth Warren [D-MA]	Sen. Richard Blumenthal [D-CT]
Sen. Christopher Murphy [D-CT]	Sen. Bernard Sanders [I-VT]

Date	Chamber	Action
2015-11-10	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S7916)

HB4101 (Same As) 2016-03-23 - Referred to the Subcommittee on Higher Education and Workforce Training.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2272/all-info
Text	https://www.congress.gov/114/bills/s2272/BILLS-114s2272is.pdf