S 383
117th Congress
Senate
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 2021
Introduced: February 23, 2021
Introduced by:
Durbin, Richard J.
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 23, 2021
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S824)
Feb 23, 2021
Introduced in Senate
Plain-English summary
Protecting Our Students and Taxpayers Act of 2021 or the POST Act of 2021
This bill requires a for-profit institution of higher education (IHE), in order to participate in federal student-aid programs, to derive at least 15% of its revenue from sources other than federal funds. Current law requires a for-profit IHE to derive at least 10% of its revenue from sources other than federal funds.
The bill also expands the definition of federal funds to include GI education benefits, with an exception for the monthly housing stipend provided under the Post-9/11 Educational Assistance Program.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S824)
Committees of jurisdiction
1