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Students Not Profits Act of 2019

Introduced: October 17, 2019 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 17, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Oct 17, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Students Not Profits Act of 2019

This bill makes certain institutions of higher education (IHEs) ineligible to receive federal financial student assistance.

Specifically, the bill makes for-profit institutions of higher education ineligible to receive such assistance. The bill also makes ineligible any institution that has (1) filed for bankruptcy; (2) been convicted of, or pled nolo contendere or guilty to, a crime involving federal student aid; (3) committed fraud, substantial misrepresentation, or false certification involving federal student aid; or (4) executive officers who were previously employed at an institution receiving federal student aid that closed.

Additionally, the bill establishes certain criteria that an IHE must meet to be eligible for conversion from a for-profit IHE to a nonprofit IHE. Before approving such conversion, the Department of Education must publish the application in the Federal Register for notice and comment.

What's happening now October 17, 2019

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Related & companion bills 1
  • HR 4724 Identical bill Students Not Profits Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Warren, Elizabeth
Massachusetts · Oct 17, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2640: Students Not Profits Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-2640/
MLA
"S. 2640: Students Not Profits Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2640/.
Bluebook (legal)
S. 2640, 116th Cong. (2026), https://openamerica.io/bill/116-S-2640/.
Markdown link
[S. 2640: Students Not Profits Act of 2019](https://openamerica.io/bill/116-S-2640/)
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