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HR 3112 116th Congress House Education Education programs funding Government lending and loan guarantees Higher education Military education and training Student aid and college costs Veterans' education, employment, rehabilitation

For-Profit Fraud Act

Introduced: June 5, 2019 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 25, 2019
Referred to the Subcommittee on Economic Opportunity.
Jun 6, 2019
Referred to the Subcommittee on Military Personnel.
Jun 5, 2019
Referred to the Committee on Education and Labor, and in addition to the Committees on Armed Services, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 5, 2019
Introduced in House
 Plain-English summary Congressional Research Service

For-Profit Fraud Act

This bill modifies requirements for a proprietary (i.e., for-profit) institution of higher education (IHE) to participate in federal student aid programs.

Current law requires a proprietary IHE to derive at least 10% of its revenue from sources other than federal student aid. The bill 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).

The bill requires the Department of Education to notify the Department of Defense (DOD) and the Department of Veterans Affairs (VA) when a proprietary institution becomes ineligible to participate in federal student aid programs and when the institution regains such eligibility. Proprietary institutions that lose such eligibility are then ineligible to receive educational assistance from DOD or VA programs.

What's happening now June 25, 2019

Referred to the Subcommittee on Economic Opportunity.

 Committees of jurisdiction 5