[Congressional Record Volume 140, Number 85 (Wednesday, June 29, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: June 29, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                          IN SUPPORT OF 85-15

  (Ms. WATERS asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.
  Ms. WATERS. Mr. Speaker, in a few minutes the Labor, HHS, Education 
appropriations bill will be before us. The first order of business will 
be an amendment that is known as the 85-15 rule retention amendment.)

                              {time}  1020

  Simply put, Mr. Speaker, I am trying to stop the hemorrhaging of over 
$4 billion that is being ripped off by the private post-secondary 
schools. They are taking the money from our Pell grants and our student 
loans.
  Members have heard them on television. They know who they are, the 
Joe Blow School of Computer Training. They have no computers. They 
train for something called medical assistance and truck drivers and 
security guards. They are ripping off the system.
  Mr. Speaker, our students are not getting trained, they are not 
getting jobs, they lose their earned income tax credit because they 
default on these loans. If they get a little job, their checks are 
garnisheed. They cannot get any housing assistance through the Federal 
Government.
  To simply put it, I am trying to use the rule when we found veterans 
were getting ripped off with the GI bill. It is the 85-15 rule. It says 
you must get at least 15 percent of your business from paying clients. 
If you have to have 100 percent, something is wrong.
  Mr. Speaker, I am going to see who the real budget cutters are today. 
I am going to see who is going to support 85-15.

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