US Congress Senate Bill 383

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Spectrum: Moderate Partisan Bill (Democrat 9-1)
Status: Introduced on February 23 2021 - 25% progression
Action: 2021-02-23 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S824)
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Requires a for-profit institution of higher education (IHE), in order to participate in federal student-aid programs, to derive at least 15% of its revenue from sources other than federal funds. Current law requires a for-profit IHE to derive at least 10% of its revenue from sources other than federal funds. The bill also expands the definition of federal funds to include GI education benefits, with an exception for the monthly housing stipend provided under the Post-9/11 Educational Assistance Program.

POST Act of 2021 Protecting Our Students and Taxpayers Act of 2021

Sen. Richard Durbin [D-IL]	Sen. Jack Reed [D-RI]	Sen. Richard Blumenthal [D-CT]	Sen. Sherrod Brown [D-OH]
Sen. Margaret Hassan [D-NH]	Sen. Elizabeth Warren [D-MA]	Sen. Brian Schatz [D-HI]	Sen. Thomas Carper [D-DE]
Sen. Tina Smith [D-MN]	Sen. Bernard Sanders [I-VT]

Date	Chamber	Action
2021-02-23	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S824)

HB1222 (Related) 2021-02-23 - Referred to the House Committee on Education and Labor.

Type	Source
Summary	https://www.congress.gov/bill/117th-congress/senate-bill/383/all-info
Text	https://www.congress.gov/117/bills/s383/BILLS-117s383is.pdf