119 S4348 IS: Promoting Access and Revenue Integrity Through Institutional Transparency Act U.S. Senate 2026-04-20 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.

II119th CONGRESS2d SessionS. 4348IN THE SENATE OF THE UNITED STATESApril 20, 2026Mr. Banks introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and PensionsA BILLTo repeal the 90/10 rule as it pertains to proprietary schools under title IV of the Higher Education Act of 1965.

1.

Short title

This Act may be cited as the Promoting Access and Revenue Integrity Through Institutional Transparency Act or the PARITY Act.

2.

Regulatory relief

Section 487 of the Higher Education Act of 1965 (20 U.S.C. 1094) is amended—(1)in subsection (a), by repealing paragraph (24); and(2)by repealing subsection (d).