HR 7031
117th Congress
House
Education
Change of Ownership and Conversion Improvement Act
Introduced: March 9, 2022
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 2022
Referred to the House Committee on Education and Labor.
Mar 9, 2022
Introduced in House
Plain-English summary
Change of Ownership and Conversion Improvement Act
This bill revises the application and review process for institutions of higher education (IHEs) to change ownership or for a proprietary (i.e., for-profit) IHE to convert to public or other nonprofit status, including by establishing a pretransaction review application and requiring an IHE to pay an administrative fee for such transactions or pretransaction reviews. The Government Accountability Office must report on the implementation of this bill's provisions.
What's happening now
Referred to the House Committee on Education and Labor.
Committees of jurisdiction
1