3.0.0 1775 2022-11-01T07:02:35Z 2022-11-01T07:02:35Z Senate S 2019-06-11 116 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2019-06-11T16:32:52Z DAVIE Act 116 3369 HR 2019-06-19 Referred to the House Committee on Education and Labor. Related bill CRS POST Act of 2019 116 3179 HR 2019-06-10 Referred to the House Committee on Education and Labor. Identical bill CRS 2019-06-11 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S3322-3323) IntroReferral 2019-06-11 Introduced in Senate IntroReferral 10000 9 Library of Congress D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. N B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2019-06-11 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2019-06-11 True H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2019-06-11 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2019-06-11 True S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2019-06-11 True S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2019-06-11 True R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2019-06-11 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2019-06-11 True Education Congressional oversight Education programs funding Higher education Student aid and college costs Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs Education 00 2019-06-11 Introduced in Senate 2020-11-24T15:44:09Z Protecting Our Students and Taxpayers Act of 2019 or the POST Act of 2019

This bill modifies requirements for a proprietary (i.e., for-profit) institution of higher education (IHE) to participate in federal student aid programs.

Current law requires a proprietary IHE to derive at least 10% of its revenue from sources other than federal student aid. This bill 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).

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 makes compliance with the 85/15 rule a condition of institutional eligibility to participate in 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.

]]> POST Act of 2019 Display Title POST Act of 2019 Short Title(s) as Introduced POST Act of 2019 Introduced in Senate IS Short Title(s) as Introduced Protecting Our Students and Taxpayers Act of 2019 Introduced in Senate IS 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 IS Introduced in Senate 2019-06-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s1775is/xml/BILLS-116s1775is.xml 2019-06-11 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S3322-3323) 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.