3.0.0 2037 2023-01-11T13:38:13Z 2023-01-11T13:38:13Z Senate S 2017-10-31 115 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2017-10-31T17:41:03Z POST Act of 2017 115 4181 HR 2017-10-31 Referred to the House Committee on Education and the Workforce. Identical bill CRS 2017-10-31 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S6925) IntroReferral 2017-10-31 Introduced in Senate IntroReferral 10000 9 Library of Congress D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. N R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2017-10-31 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2017-10-31 True M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2017-10-31 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2017-10-31 True C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2017-10-31 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2017-11-07 False B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2018-01-11 False H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2018-01-11 False S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2018-02-05 False S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2018-07-11 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 2017-10-31 Introduced in Senate 2019-03-19T21:52:14Z Protecting Our Students and Taxpayers Act of 2017 or the POST Act of 2017

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 2017 Display Title POST Act of 2017 Short Titles as Introduced POST Act of 2017 Short Titles as Introduced Protecting Our Students and Taxpayers Act of 2017 Official Title as Introduced A bill to amend the Higher Education Act of 1965 regarding proprietary institutions of higher education in order to protect students and taxpayers. Introduced in Senate 2017-10-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2037is/xml/BILLS-115s2037is.xml 2017-10-31 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S6925) 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.