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HR 3496 113th Congress House Education Congressional oversight Education programs funding Higher education Student aid and college costs Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs

POST Act of 2013

Introduced: November 14, 2013 Introduced by: Cohen, Steve Democratic · Tennessee See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 22, 2014
Referred to the Subcommittee on Higher Education and Workforce Training.
Nov 14, 2013
Referred to the House Committee on Education and the Workforce.
Nov 14, 2013
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now January 22, 2014

Referred to the Subcommittee on Higher Education and Workforce Training.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1