[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5191 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5191

To amend the Higher Education Act of 1965 to provide for an institution 
 of higher education that has previously filed for bankruptcy to apply 
   for the reinstatement of eligibility for purposes of Federal Pell 
                                Grants.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 24, 2014

 Mr. McNerney introduced the following bill; which was referred to the 
                Committee on Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
To amend the Higher Education Act of 1965 to provide for an institution 
 of higher education that has previously filed for bankruptcy to apply 
   for the reinstatement of eligibility for purposes of Federal Pell 
                                Grants.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Pell Grant Accessibility Act''.

SEC. 2. REINSTATEMENT FOLLOWING BANKRUPTCY OF INSTITUTION OF HIGHER 
              EDUCATION FOR PURPOSES OF FEDERAL PELL GRANTS.

    Section 102(a)(4) of the Higher Education Act of 1965 (20 U.S.C. 
1002(a)(4)) is amended--
            (1) in subparagraph (A), by striking ``the institution'' 
        and inserting ``except as provided in subparagraph (B), the 
        institution'';
            (2) by redesignating subparagraphs (A) and (B) as clauses 
        (i) and (ii), respectively, and moving the margins 2 ems to the 
        right;
            (3) by striking ``Limitations based on management.--An 
        institution shall'' and inserting the following: ``Limitations 
        based on management.--
                    ``(A) In general.--An institution shall''; and
            (4) by adding at the end the following new subparagraph:
                    ``(B) Waiver.--For purposes of awarding Federal 
                Pell Grants under subpart 1 of part A of title IV, the 
                Secretary may consider an institution described in 
                subparagraph (A)(i) as meeting the definition of an 
                institution of higher education in paragraph (1) if--
                            ``(i) the institution or affiliate of such 
                        institution described in subparagraph (A)(i) 
                        filed for bankruptcy not less than 5 years 
                        prior to the date on which such institution 
                        seeks a waiver under this subparagraph;
                            ``(ii) the institution described in 
                        subparagraph (A)(i) submits to the Secretary 
                        such information as the Secretary considers 
                        appropriate; and
                            ``(iii) the Secretary determines that such 
                        institution should not be subject to the 
                        requirement under subparagraph (A).''.
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