3.0.0 2271 2025-12-19T21:04:06Z 2025-12-19T21:04:06Z House H HR 2025-03-21 119 https://www.congress.gov/bill/119th-congress/house-bill/2271 <pre>[Congressional Record Volume 171, Number 52 (Friday, March 21, 2025)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. OWENS:H.R. 2271.Congress has the power to enact this legislation pursuantto the following:Section 8 of article I of the Constitution[Page H1190]</pre> hsed00 Education and Workforce Committee House Standing Referred To 2025-03-21T20:03:05Z 2025-03-21 Referred to the House Committee on Education and Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and Workforce Committee 2025-03-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2025-03-21 Introduced in House IntroReferral 1000 9 Library of Congress O000086 Rep. Owens, Burgess [R-UT-4] Burgess Owens R UT 4 N Education Education 2025-05-09T13:21:03Z

00 2025-03-21 Introduced in House 2025-12-19T21:00:56Z <p><strong>Change of Ownership and Conversion Improvement Act</strong></p><p>This bill revises the application and review process for institutions of higher education (IHEs) to change ownership or for a proprietary (i.e., for-profit) IHE to&nbsp;convert to public or other nonprofit status.</p><p>Specifically, the bill&nbsp;(1) establishes a pretransaction review application, and (2) requires an IHE to pay an administrative fee to the Department of Education (ED) for change in ownership or conversion transactions or pretransaction reviews. In the case of a&nbsp;for-profit IHE seeking conversion or a pretransaction review for conversion, ED must remit 50%&nbsp;of the administrative fee to the Internal Revenue Service (IRS) to determine whether the&nbsp;IHE is exempt from tax and is otherwise in compliance with the&nbsp;applicable requirements of the Internal Revenue Code of 1986 (IRC).</p><p>The bill establishes time frames for ED to approve or deny applications. The bill also includes various reporting requirements.</p><p>An&nbsp;IHE that has been approved for conversion by ED must be subject to a five-year monitoring period and must also pay an annual fee for this monitoring. ED must remit 50% of the annual fee to the IRS for monitoring the IHE's compliance with the&nbsp;IRC.</p><p>The Government Accountability Office must report on the implementation of this bill's provisions.</p>

Display Title 45 2025-04-01T04:23:22Z Short Title(s) as Introduced 101 2025-04-01T04:23:20Z Introduced in House IH Official Title as Introduced 6 2025-04-01T04:18:33Z Introduced in House IH Introduced in House 2025-03-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr2271ih/xml/BILLS-119hr2271ih.xml 2025-03-21 Referred to the House Committee on Education and Workforce. 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.