For-Profit Fraud Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 5, 2019)
For-Profit Fraud Act
This bill modifies requirements for a proprietary (i.e., for-profit) institution of higher education (IHE) to participate in federal student aid programs.
Current law requires a proprietary IHE to derive at least 10% of its revenue from sources other than federal student aid. The bill requires a proprietary IHE to derive at least 15% of its revenue from sources other than federal funds (i.e., it replaces the so-called 90/10 rule with an 85/15 rule).
The bill requires the Department of Education to notify the Department of Defense (DOD) and the Department of Veterans Affairs (VA) when a proprietary institution becomes ineligible to participate in federal student aid programs and when the institution regains such eligibility. Proprietary institutions that lose such eligibility are then ineligible to receive educational assistance from DOD or VA programs.
What just happenedJun 25, 2019
Referred to the Subcommittee on Economic Opportunity.
Who’s behind it
- Introduced in HouseJun 5, 2019
- Jun 25, 2019Committee
Referred to the Subcommittee on Economic Opportunity.
Economic Opportunity Subcommittee - Jun 6, 2019Committee
Referred to the Subcommittee on Military Personnel.
Military Personnel Subcommittee - Jun 5, 2019IntroReferralH11100
Referred to the Committee on Education and Labor, and in addition to the Committees on Armed Services, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Veterans' Affairs Committee - Jun 5, 2019IntroReferralH11100
Referred to the Committee on Education and Labor, and in addition to the Committees on Armed Services, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Armed Services Committee - Jun 5, 2019IntroReferralH11100
Referred to the Committee on Education and Labor, and in addition to the Committees on Armed Services, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Education and the Workforce Committee - Jun 5, 2019IntroReferralIntro-H
Introduced in House
- Jun 5, 2019IntroReferral1000
Introduced in House