3.0.0 3992 2023-01-11T13:29:24Z 2023-01-11T13:29:24Z House HR 2015-11-05 114 [Congressional Record Volume 161, Number 165 (Thursday, November 5, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. MAXINE WATERS of California:H.R. 3992.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18The Congress shall have Power to make all Laws which shallbe necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by theConstitution in the Government of the United States, or inany Department or Officer thereof[Page H8154]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2016-03-23T21:11:02Z Referred to 2015-11-05T14:08:20Z Students Before Profits Act of 2015 114 2098 S 2015-09-29 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Identical bill CRS 2016-03-23 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education and Workforce Training. Committee 2015-11-05 Referred to the House Committee on Education and the Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2015-11-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-11-05 Introduced in House IntroReferral 1000 9 Library of Congress W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 N L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2015-11-05 True H001063 Rep. Hahn, Janice [D-CA-44] Janice Hahn D CA 44 2015-11-05 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2015-11-05 True H001034 Rep. Honda, Michael M. [D-CA-17] MICHAEL HONDA D CA M. 17 2015-11-05 True T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2015-11-05 True M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2015-11-05 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2015-11-05 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2015-11-05 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2015-11-05 True V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2015-11-05 True K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2015-11-05 True C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2015-11-05 True N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2015-11-05 True E000290 Rep. Edwards, Donna F. [D-MD-4] Donna Edwards D MD F. 4 2015-11-05 True S001175 Rep. Speier, Jackie [D-CA-14] Jackie Speier D CA 14 2015-11-05 True Education Civil actions and liability Education programs funding Government lending and loan guarantees Higher education Student aid and college costs Education 00 2015-11-05 Introduced in House 2016-12-09T22:23:20Z Students Before Profits Act of 2015

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to require the Department of Education (ED) to recalculate the cohort default rate and redetermine title IV eligibility for an institution of higher education (IHE) that engages in default manipulation.

ED may impose enhanced civil penalties and sanctions on IHEs and officers for substantial misrepresentation or other serious violations of title IV requirements. The bill requires ED to establish the Student Relief Fund, financed by civil penalties, to provide financial relief to students enrolled in an IHE that is sanctioned or fails to comply with title IV requirements.

If ED takes an enforcement action (e.g., heightened financial oversight) against a proprietary (i.e., for-profit) IHE, then ED may hold the executive officer of such proprietary IHE personally liable for financial losses related to the enforcement action. Additionally, ED may pursue claims against an IHE's executive officers and board of directors to recover discharged federal student loans.

A proprietary IHE must, as a condition of continued eligibility to participate in title IV programs, prohibit an individual who defrauds students from being a member of the board of directors or an executive officer of the institution.

]]> Students Before Profits Act of 2015 Display Title Students Before Profits Act of 2015 Official Title as Introduced To amend the Higher Education Act of 1965 to improve the determination of cohort default rates and provide for enhanced civil penalties, to ensure personal liability of owners, officers, and executives of institutions of higher education, and for other purposes. Introduced in House IH Short Titles as Introduced Students Before Profits Act of 2015 Introduced in House 2015-11-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3992ih/xml/BILLS-114hr3992ih.xml 2016-03-23 Referred to the Subcommittee on Higher Education and Workforce Training. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.