POST Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (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
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S824)
Who’s behind it
- Introduced in SenateFeb 23, 2021
- Feb 23, 2021IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S824)
Health, Education, Labor, and Pensions Committee - Feb 23, 2021IntroReferral10000
Introduced in Senate