3.0.0 4101 2023-01-11T13:29:21Z 2023-01-11T13:29:21Z House HR 2015-11-19 114 [Congressional Record Volume 161, Number 171 (Thursday, November 19, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. COHEN:H.R. 4101.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3[Page H8413]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2016-03-23T21:12:19Z Referred to 2015-11-19T14:31:40Z POST Act of 2015 114 2272 S 2015-11-10 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S7916) 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 2015-11-19 Referred to the House Committee on Education and the Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2015-11-19 Sponsor introductory remarks on measure. (CR E1657) IntroReferral B00100 9 Library of Congress 2015-11-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-11-19 Introduced in House IntroReferral 1000 9 Library of Congress C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 N J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2015-11-19 True J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2015-11-19 True H001034 Rep. Honda, Michael M. [D-CA-17] MICHAEL HONDA D CA M. 17 2015-12-16 False Education Congressional oversight Education programs funding Higher education Student aid and college costs Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs Education 00 2015-11-19 Introduced in House 2016-07-18T13:47:02Z Protecting Our Students and Taxpayers Act of 2015 or the POST Act of 2015

This bill amends the Higher Education Act of 1965 (HEA) to modify requirements for a proprietary (i.e., for-profit) institution of higher education (IHE) to participate in title IV (Student Assistance) federal student aid programs.

Current law requires a proprietary IHE to derive at least 10% of its revenue from sources other than title IV federal student aid. This legislation 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). It defines federal funds to mean title IV federal student aid, as well as education benefits for military personnel and veterans.

Additionally, the bill limits what a proprietary institution may treat as revenue to the school in calculating whether it derives at least 15% of its revenue from sources other than federal funds.

Finally, the bill moves the 85/15 rule from title IV to title I (General Provisions) of the HEA, making compliance a condition of institutional eligibility to participate in title IV federal student aid programs (i.e., failure to comply results in immediate loss of institutional eligibility). Currently, a proprietary IHE must violate the rule for two consecutive years before losing eligibility for title IV programs.

]]> POST Act of 2015 Display Title POST Act of 2015 Official Title as Introduced To amend the Higher Education Act of 1965 regarding proprietary institutions of higher education in order to protect students and taxpayers. Introduced in House IH Short Titles as Introduced POST Act of 2015 Short Titles as Introduced Protecting Our Students and Taxpayers Act of 2015 Introduced in House 2015-11-19T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4101ih/xml/BILLS-114hr4101ih.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.