[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5425 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 5425

  To amend the Higher Education Act of 1965 to include court-ordered 
receivership in the list of actions resulting in a change of ownership 
                  of institutions of higher education.


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                    IN THE HOUSE OF REPRESENTATIVES

                           December 12, 2019

  Ms. Porter introduced the following bill; which was referred to the 
                    Committee on Education and Labor

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                                 A BILL


 
  To amend the Higher Education Act of 1965 to include court-ordered 
receivership in the list of actions resulting in a change of ownership 
                  of institutions of higher education.

    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 ``Student Protection Act''.

SEC. 2. ACTIONS RESULTING IN A CHANGE OF OWNERSHIP.

    Section 498(i)(2) of the Higher Education Act of 1965 (20 U.S.C. 
1099c(i)(2)) is amended--
            (1) in subparagraph (E), by striking ``or'' at the end;
            (2) in subparagraph (F), by striking the period at the end 
        and inserting ``; or''; and
            (3) by adding at the end the following:
            ``(G) or a court-ordered receivership.''.
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