Amendment105th Congress
Amendment increases the authority of the Secretary of Education to hold a proprietary higher education institution liable for financial losses to the Federal Government and student loan recipients; and holds the owner of the institution liable in the same way that an individual would be responsible for penalties for the nonpayment of taxes.
- Amendment Number
- 577
- Description
- Amendment increases the authority of the Secretary of Education to hold a proprietary higher education institution liable for financial losses to the Federal Government and student loan recipients; and holds the owner of the institution liable in the same way that an individual would be responsible for penalties for the nonpayment of taxes.
- Purpose
- An amendment, printed as amendment No. 11 in the Congressional Record of April 28, 1998 to authorize the Secretary of Education to hold owners of proprietary institutions liable for refunds of unearned institutional charges. The amendment requires that a proprietary institution be provisionally certified only if the prospective owner provides the Secretary with financial guarantees.
- Congress
- 105
- Type
- HAMDT
- Latest Action Date
- Apr 29, 1998
- Latest Action Text
- On agreeing to the Allen amendment (A011) as modified Agreed to by voice vote.
- Latest Action Time
- 22:06:23
- Submitted Date
- Apr 29, 1998
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021