[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2743 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 2743

 To amend the Higher Education Act of 1965 to require that proprietary 
 institutions of higher education derive not less than fifteen percent 
 of revenues from sources other than funds provided under title IV of 
                               such Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 25, 2017

 Ms. Maxine Waters of California 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 require that proprietary 
 institutions of higher education derive not less than fifteen percent 
 of revenues from sources other than funds provided under title IV of 
                               such Act.

    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 ``85/15 Rule Act''.

SEC. 2. 85/15 RULE.

    Section 487(a)(24) of the Higher Education Act of 1965 (20 U.S.C. 
1094(a)(24)) is amended by striking ``ten'' and inserting ``fifteen''.

SEC. 3. EFFECTIVE DATE.

    This Act shall take effect with respect to award year 2018-2019 and 
each succeeding award year.
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