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HR 2700 117th Congress House Education Department of Education Executive agency funding and structure Government information and archives Higher education Tax-exempt organizations

For-Profit College Conversion Accountability Act

Introduced: April 20, 2021 Introduced by: McBath, Lucy Democratic · Georgia See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 20, 2021
Introduced in House
Apr 20, 2021
Referred to the House Committee on Education and Labor.
 Plain-English summary Congressional Research Service

For-Profit College Conversion Accountability Act

This bill establishes certain criteria that an institution of higher education (IHE) must meet to be eligible for conversion from a for-profit IHE to a nonprofit IHE.

An IHE seeking conversion must submit an application to the Department of Education (ED). The application must demonstrate, among other requirements, that the IHE is operated by one or more nonprofit corporations or associations. Before approving the conversion, ED must publish the application in the Federal Register for notice and comment. Upon approval, the IHE must be regulated as a for-profit IHE for a five-year transition period.

ED must also establish an office to carry out the requirements of this bill.

What's happening now April 20, 2021

Referred to the House Committee on Education and Labor.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1