I 112th CONGRESS 1st Session H. R. 3447 IN THE HOUSE OF REPRESENTATIVES November 16, 2011 Mr. Quigley introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To require proprietary institutions of higher education to derive not less than 10 percent of such institutions’ revenues from sources other than veterans’ education benefits or funds provided under title IV of the Higher Education Act of 1965.

1.

Short title

This Act may be cited as the Veterans’ Education Protection Act.

2.

Revision of 90–10 rule

(a)

Revision of 90–10 rule

Section 487(a)(24) of the Higher Education Act of 1965 (20 U.S.C. 1094(a)(24)) is amended by inserting after other than the following: veterans’ education benefits (as defined in section 480(c)) or. (b)

Conforming amendment

The heading for subsection (d) of section 487 of the Higher Education Act of 1965 (20 U.S.C. 1094(d)) is amended by inserting after non-title IV the following: and non-Veterans’ education benefits.

3.

Effective date

The amendment made by section 2 shall be effective July 1, 2012.