3.0.0 1784 2023-01-11T13:38:36Z 2023-01-11T13:38:36Z Senate S 2017-09-11 115 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2017-09-11T19:59:52Z Students Before Profits Act of 2017 115 2300 HR 2017-05-02 Referred to the House Committee on Education and the Workforce. Related bill CRS PRO Students Act 115 7112 HR 2018-10-30 Referred to the House Committee on Education and the Workforce. Related bill CRS 2017-09-11 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2017-09-11 Introduced in Senate IntroReferral 10000 9 Library of Congress M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. N B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2017-09-11 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2017-09-11 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2017-09-11 True F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2017-09-11 True H001075 Sen. Harris, Kamala D. [D-CA] Kamala Harris D CA D. 2017-09-11 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2017-09-11 True R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2017-09-12 False Education Civil actions and liability Education programs funding Government lending and loan guarantees Higher education Student aid and college costs Education 00 2017-09-11 Introduced in Senate 2019-06-18T17:04:07Z Students Before Profits Act of 2017

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 2017 Display Title Students Before Profits Act of 2017 Short Titles as Introduced Students Before Profits Act of 2017 Official Title as Introduced A bill 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 Senate 2017-09-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1784is/xml/BILLS-115s1784is.xml 2017-09-11 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. 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.