An amendment to require that if a vocational school changes ownership, the school would be ineligible for Federal financial assistance for 2 years after the change so as to permit only established institutions to obtain Federal student loan and grant money.

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Amendment Number
489
Description
An amendment to require that if a vocational school changes ownership, the school would be ineligible for Federal financial assistance for 2 years after the change so as to permit only established institutions to obtain Federal student loan and grant money.
Purpose
Amendment sought to require that if a proprietary school changes ownership, the school would then be ineligible for Federal financial assistance for 2 years after the change.
Congress
102
Type
HAMDT
Latest Action Date
Mar 26, 1992
Latest Action Text
On agreeing to the Waters amendment (A043) as modified Failed by voice vote.
Latest Action Time
18:15:14
Submitted Date
Mar 26, 1992
Chamber
House of Representatives
Update Date
Jun 7, 2021
Amendment 489 — Informed