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

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Plain-English summary Congressional Research Service

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 February 23, 2021

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S824)

Related & companion bills 1

Bill text 1 version