POST Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 23, 2021)
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 just happenedFeb 23, 2021
Referred to the House Committee on Education and Labor.
Who’s behind it
- Introduced in HouseFeb 23, 2021
- Feb 23, 2021IntroReferralH11100
Referred to the House Committee on Education and Labor.
Education and the Workforce Committee - Feb 23, 2021IntroReferralIntro-H
Introduced in House
- Feb 23, 2021IntroReferral1000
Introduced in House