[Congressional Record Volume 171, Number 47 (Wednesday, March 12, 2025)]
[Senate]
[Pages S1706-S1716]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          STATEMENTS ON INTRODUCED BILLS AND JOINT RESOLUTIONS

      By Mr. PADILLA (for himself and Mr. Tillis):
  S. 984. A bill to amend the Food Security Act of 1985 to establish an 
exception to certain payment limitations in the case of person or legal 
entity that derives income from agriculture, and for other purposes; to 
the Committee on Agriculture, Nutrition, and Forestry.
  Mr. PADILLA. Mr. President, I rise to introduce the bipartisan Fair 
Access to Agriculture Disaster Programs Act. This legislation would 
ensure all farmers can access critical U.S. Department of Agriculture 
disaster relief programs.
  Increasingly frequent and catastrophic floods, fires, freezes, and 
other disasters are threatening the long-term sustainability of 
agriculture across the country.
  The impact has been particularly acute for California's agricultural 
communities, who face year-round threats from drought, heat, floods, 
and fires--even in January.
  The farm bill authorizes safety net programs to help producers 
recover, but outdated adjusted gross income, AGI, limits exclude many 
specialty crop growers, despite facing the same extreme weather 
challenges as other farmers.
  As a result, producers from California to North Carolina are blocked 
from vital disaster assistance.
  The Fair Access to Agriculture Disaster Programs Act adopts 
flexibility used in the Coronavirus Food Assistance Program to waive 
the AGI limitation for producers that derive 75 percent of their AGI 
from farming, ranching, or related farming practices.
  What are referred to as specialty crops are just that--special. 
Specialty crops, which include fruits and vegetables, tree nuts, dried 
fruits, horticulture, and nursery crops that are cultivated for food 
and medicine, require overall higher input costs and specialized 
processes for planting, growing, and harvesting.
  Did you know that it costs more than $30,000 to produce an acre of 
strawberries? The cost of production for specialty crops is typically 
thousands of dollars per acre.
  As a result, both large and small producers of specialty crops end up 
exceeding the AGI limitations put in place to means-test critical 
disaster assistance.
  That is why we need to pass the Fair Access to Agriculture Disaster 
Programs Act to ensure farmers and ranchers can access agricultural 
safety net programs in the wake of increasingly more frequent and 
catastrophic disasters.
  I would like to thank Senator Tillis for joining me to introduce this 
bill, and I forward to working with my colleagues to pass the Fair 
Access to Agriculture Disaster Programs Act as quickly as possible.
                                 ______
                                 
      By Mr. DURBIN (for himself, Ms. Warren, and Mr. Merkley):
  S. 994. A bill to provide for accountability in higher education; to 
the Committee on Health, Education, Labor, and Pensions.
  Mr. DURBIN. Mr. President, I ask unanimous consent that the text of 
the bill be printed in the Record.
  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

                                 S. 994

       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 ``Preventing Risky Operations 
     from Threatening the Education and Career Trajectories of 
     Students Act of 2025'' or the ``PROTECT Students Act of 
     2025''.

     SEC. 2. TABLE OF CONTENTS.

       The table of contents for this Act is as follows:

Sec. 1. Short title.
Sec. 2. Table of contents.
Sec. 3. References.

               TITLE I--STUDENT AND TAXPAYER PROTECTIONS

Sec. 101. Gainful employment and financial value transparency.
Sec. 102. Borrower defense and substantial misrepresentations.
Sec. 103. Closed school discharge.
Sec. 104. Prohibition on institutions limiting student legal action.
Sec. 105. Incentive compensation.

 TITLE II--ENSURING INTEGRITY AT INSTITUTIONS OF HIGHER EDUCATION AND 
                       INSTITUTIONAL CONTRACTORS

Sec. 201. Updating Federal oversight of third-party servicers.
Sec. 202. Job placement rates.
Sec. 203. Allocation of tuition and fee revenue by title IV 
              institutions.
Sec. 204. Past performance.
Sec. 205. Recoupment.

                     TITLE III--IMPROVING OVERSIGHT

Sec. 301. Enforcement in the Office of Federal Student Aid.
Sec. 302. For-Profit Education Oversight Coordination Committee.
Sec. 303. Establishment and maintenance of complaint resolution and 
              tracking system.
Sec. 304. Reforms to eligibility and certification procedures.
Sec. 305. State oversight.
Sec. 306. Accrediting agency oversight.
Sec. 307. Mandatory spending for administrative costs of operating the 
              student aid programs.

     TITLE IV--IMPROVING ACCESS TO STUDENT AND TAXPAYER INFORMATION

Sec. 401. Reporting and disclosures from institutions of higher 
              education.
Sec. 402. Transparency of oversight activities.

     SEC. 3. REFERENCES.

       Except as otherwise expressly provided in this Act, 
     wherever in this Act an amendment or repeal is expressed in 
     terms of an amendment to, or a repeal of, a section or other 
     provision, the reference shall be considered to be made to 
     that section or other provision of the Higher Education Act 
     of 1965 (20 U.S.C. 1001 et seq.).

               TITLE I--STUDENT AND TAXPAYER PROTECTIONS

     SEC. 101. GAINFUL EMPLOYMENT AND FINANCIAL VALUE 
                   TRANSPARENCY.

       (a) Defining Gainful Employment Programs.--
       (1) Additional institutions.--Section 101(b) (20 U.S.C. 
     1001(b)) is amended in paragraph (1), by inserting ``, 
     including that meets the standards for debt-to-earnings and 
     earnings premium in section 498C,'' after ``gainful 
     employment in a recognized occupation''.
       (2) Proprietary institution of higher education.--Section 
     102(b)(1)(A)(i) (20 U.S.C. 1002(b)(1)(A)(i)) is amended, by 
     inserting ``, including that meets the standards for debt-to-
     earnings and earnings premium in section 498C'' after 
     ``gainful employment in a recognized occupation''.
       (3) Postsecondary vocational institution.--Section 
     102(c)(1)(A) (20 U.S.C. 1002(c)(1)(A)) is amended, by 
     inserting ``, including that meets the standards for debt-to-
     earnings and earnings premium in section 498C'' after 
     ``gainful employment in a recognized occupation''.
       (4) Eligible program.--Section 481(b)(1)(A)(i) (20 U.S.C. 
     1088(b)(1)(A)(i)) is amended, by inserting ``, including that 
     meets the standards for debt-to-earnings and earnings premium 
     in section 498C'' after ``gainful employment in a recognized 
     profession''.
       (b) Debt-to-earnings and Earnings Premium.--Subpart 3 of 
     part H of title IV (20 U.S.C. 1099c et seq.) is amended by 
     adding at the end the following:

     ``SEC. 498C. DEBT-TO-EARNINGS AND EARNINGS PREMIUM.

       ``(a) Definitions.--In this section:
       ``(1) Annual debt-to-earnings rate.--The term `annual debt-
     to-earnings rate' means the rate that is calculated for a 
     cohort of students by taking the annual loan payment for such 
     cohort, as calculated by the Secretary, divided by the median 
     annual earnings for such cohort.
       ``(2) Annual loan payment.--The term `annual loan payment' 
     means, for a cohort of students, as defined by the Secretary, 
     who

[[Page S1707]]

     completed an eligible program, their total annual payment on 
     loans borrowed to enroll in the institution that offered the 
     eligible program, measured not less than 2 and not more than 
     4 years after their completion.
       ``(3) Discretionary debt-to-earnings rate.--The term 
     `discretionary debt-to-earnings rate' means the rate that is 
     calculated for a cohort of students by taking the annual loan 
     payment for such cohort, as calculated by the Secretary, 
     divided by the discretionary earnings for such cohort.
       ``(4) Discretionary earnings.--The term `discretionary 
     earnings' means, for a cohort of students, as defined by the 
     Secretary, who completed an eligible program, the median 
     annual earnings minus the amount that is 150 percent of the 
     poverty level for an individual, as determined by the 
     Department of Health and Human Services.
       ``(5) Earnings premium.--The term `earnings premium' means 
     the amount by which the median annual earnings exceed the 
     median earnings for working adults with not more than a high 
     school diploma, as determined using data from the Bureau of 
     the Census--
       ``(A) in the State where the institution that provides the 
     eligible program is located; or
       ``(B) if fewer than half of the students in the eligible 
     program are from the State where the institution that 
     provides the eligible program is located, or if the 
     institution is a foreign institution, nationally.
       ``(6) Median annual earnings.--The term `median annual 
     earnings' means, for a cohort of students, as defined by the 
     Secretary, who completed an eligible program, the midpoint of 
     their annual earnings measured not less than 2 and not more 
     than 4 years after their completion.
       ``(b) Standards.--
       ``(1) In general.--An eligible program does not meet the 
     standards for debt-to-earnings or earnings premium if it 
     fails the debt-to-earnings rates or fails the earnings 
     premium, as described in paragraph (2), in 2 out of any 3 
     consecutive years.
       ``(2) Failing.--An eligible program--
       ``(A) fails the debt-to-earnings rates if it has--
       ``(i) a discretionary debt-to-earnings rate equal to or 
     greater than 20 percent; and
       ``(ii) an annual debt-to-earnings rate equal to or greater 
     than 8 percent; and
       ``(B) fails the earnings premium if it has an earnings 
     premium of zero or a negative amount.
       ``(c) Process.--
       ``(1) Data match.--In order to ensure compliance with 
     paragraph (2), the Commissioner of the Internal Revenue 
     Service, the Commissioner of the Social Security 
     Administration, and the head of any other Federal agency that 
     administers the database of individual-level earnings data 
     shall, in coordination with the Secretary, timely ensure 
     secure, annual data matches of earnings data with Department 
     of Education data to produce the median annual earnings of 
     each eligible program.
       ``(2) Requirements of the secretary.--The Secretary shall--
       ``(A) on an annual calendar year basis--
       ``(i) for each eligible program--

       ``(I) calculate for each award year the discretionary debt-
     to-earnings rate, the annual debt-to-earnings rate, and the 
     earnings premium for the program; and
       ``(II) publish the discretionary debt-to-earnings rate, the 
     annual debt-to-earnings rate, and the earnings premium for 
     the eligible program for each award year on a website 
     established and maintained by the Secretary;

       ``(ii) for each eligible program that is a program of 
     training to prepare students for gainful employment in a 
     recognized occupation or a graduate or professional degree 
     program offered by an institution of higher education 
     described in section 101(a), issue a notice of determination 
     not later than 45 days after completing the data match 
     described in paragraph (1), informing the institution that 
     provides the program--

       ``(I) of the final discretionary debt-to-earnings rate, the 
     annual debt-to-earnings rate, and the earnings premium for 
     the program, which may not be appealed by the institution 
     unless the institution believes that the Secretary erred in 
     the calculation of any such measure;
       ``(II) of the final determination regarding whether the 
     program fails the debt-to-earnings rates or fails the 
     earnings premium, as described in subsection (b)(2);
       ``(III) whether the program does not meet the standards for 
     debt-to-earnings or earnings premium as described in 
     subsection (b)(1) or could not meet such standards in the 
     next year if it fails the debt-to-earnings rates or fails the 
     earnings premium, as described in subsection (b)(2), in such 
     next year; and
       ``(IV) whether the institution is required to provide 
     warnings to enrolled students and prospective students of the 
     program's failure, or risk of failure, to meet the standards, 
     as determined under subclause (III); and

       ``(iii) for each eligible program that is a program of 
     training to prepare students for gainful employment in a 
     recognized occupation that does not meet the standards for 
     debt-to-earnings and earnings premium as described in 
     subsection (b)(1), enforce the consequences under subsection 
     (d); and
       ``(B) develop processes to verify, on an annual calendar 
     year basis--
       ``(i) that each eligible program that is a program of 
     training to prepare students for gainful employment in a 
     recognized occupation or a graduate or professional degree 
     program offered by an institution of higher education 
     described in section 101(a), provides the warning described 
     in subparagraph (A)(ii)(IV), if applicable; and
       ``(ii) that each eligible program that is a program of 
     training to prepare students for gainful employment in a 
     recognized occupation that does not meet the standards for 
     debt-to-earnings or earnings premium as described in 
     subsection (b)(1), does not receive funds as described in 
     subsection (d).
       ``(d) Consequences of Not Meeting Standards.--
       ``(1) No disbursement of funds for enrollment in ineligible 
     programs.--An institution may not disburse program funds 
     under this title to students enrolled in a program of 
     training to prepare students for gainful employment in a 
     recognized occupation that does not meet the standards for 
     debt-to-earnings and earnings premium as described in this 
     section.
       ``(2) Time period to reestablish eligibility.--An 
     institution may not seek to reestablish the eligibility of a 
     program of training to prepare students for gainful 
     employment in a recognized occupation that does not meet the 
     standards for debt-to-earnings and earnings premium as 
     described in this section or establish the eligibility of a 
     program of training to prepare students for gainful 
     employment in a recognized occupation that is substantially 
     similar to the program that did not meet such standards until 
     the date that is 3 years after the date of the notice of 
     determination issued under subsection (c)(2)(A)(ii) that the 
     program of training to prepare students for gainful 
     employment in a recognized occupation does not meet the 
     standards.
       ``(e) Regulations.--The Secretary shall issue regulations 
     to carry out this section not later than 1 year after the 
     date of enactment of the Preventing Risky Operations from 
     Threatening the Education and Career Trajectories of Students 
     Act of 2025, except that such regulations shall not be 
     subject to the requirements of sections 482 or 492.''.

     SEC. 102. BORROWER DEFENSE AND SUBSTANTIAL 
                   MISREPRESENTATIONS.

       (a) Borrower Defense to Repayment.--Section 455(h) (20 
     U.S.C. 1087e(h)) is amended to read as follows:
       ``(h) Borrower Defenses.--
       ``(1) In general.--Notwithstanding any other provision of 
     State or Federal law, the Secretary shall discharge a covered 
     loan in repayment made to a borrower with a defense to 
     repayment of the loan, as described in this section.
       ``(2) Definitions.--In this subsection:
       ``(A) Repayment.--The term `repayment' means the period 
     after any in-school deferment or grace period and before a 
     loan is paid in full other than by a consolidation loan made 
     under this title, including, without limitation, a loan in 
     default.
       ``(B) Covered loan.--The term `covered loan' means a loan 
     made, insured, or guaranteed under this title that has an 
     outstanding balance comprised in whole or in part by 
     repayment obligations incurred to cover the cost of 
     attendance at an institution of higher education.
       ``(3) Basis for defense to repayment.--
       ``(A) In general.--For purposes of discharge under this 
     section, a borrower defense to repayment is established when 
     the Secretary concludes by a preponderance of the evidence 
     that a qualifying act, omission, or event occurred, and the 
     student whose cost of attendance was paid in whole or in part 
     by the proceeds of a covered loan suffered detriment in the 
     nature and degree warranting a borrower defense discharge.
       ``(B) Qualifying acts, omissions, or events.--A qualifying 
     act, omission, or event includes without limitation any of 
     the following:
       ``(i) The institution, one of its representatives, or a 
     third-party servicer of the institution made a substantial 
     misrepresentation (as described in section 481(g)), directly 
     or indirectly, to the borrower in connection with the 
     borrower's decision to attend, or to continue attending, the 
     institution or the borrower's decision to take out a covered 
     loan.
       ``(ii) The institution failed to perform its obligations 
     under the terms of a contract with the student and such 
     obligation was undertaken as consideration or in exchange for 
     the borrower's decision to attend, or to continue attending, 
     the institution, for the borrower's decision to take out a 
     covered loan, or for funds disbursed in connection with a 
     covered loan.
       ``(iii) The institution engaged in aggressive and deceptive 
     recruitment conduct or tactics in connection with the 
     borrower's decision to attend, or to continue attending, the 
     institution or the borrower's decision to take out a covered 
     loan. Aggressive and deceptive recruitment tactics or conduct 
     include actions by the institution, any of its 
     representatives, or any entity, organization, or person with 
     whom the institution has an agreement to provide educational 
     programs, marketing, recruitment, or lead generation services 
     that pressure a student to make enrollment or loan-related 
     decisions, take unreasonable advantage of a student's lack of 
     knowledge, discourage a student or prospective student from 
     consulting an advisor prior to making enrollment or loan-
     related decisions, use threatening or abusive language, or 
     repeatedly engage in unsolicited contact.
       ``(iv) The borrower, whether as an individual or as a 
     member of a class, or a governmental agency has obtained 
     against the institution a favorable judgment based on

[[Page S1708]]

     State or Federal law in a court or administrative tribunal of 
     competent jurisdiction based on the institution's act or 
     omission relating to the making of a covered loan, or the 
     provision of educational services for which the loan was 
     provided, notwithstanding any possible appeal.
       ``(v) The Secretary sanctioned or otherwise took adverse 
     action against the institution at which the borrower 
     enrolled, based on the institution's acts or omissions that 
     could give rise to a borrower defense under clause (i), (ii), 
     or (iii).
       ``(vi) The institution committed any act or omission that 
     relates to the making of the covered loan for enrollment at 
     the institution or the provision of educational services for 
     which the covered loan was provided that would give rise to a 
     cause of action against the institution under applicable 
     State law without regard to any statute of limitations.
       ``(C) Determination whether detriment warrants discharge.--
     In determining whether the nature and degree of detriment 
     warrants a borrower defense discharge, the Secretary shall 
     consider the totality of the circumstances, including the 
     nature and degree of detriment shown by previous recipients 
     of borrower defense discharge, and drawing all inferences and 
     presumptions warranted by the evidence under the 
     circumstances.
       ``(4) Effect of discharge.--To effectuate a borrower 
     defense discharge of a covered loan in repayment, the 
     Secretary shall carry out the following:
       ``(A) Discharge all amounts owed to the Secretary, 
     including interest and fees, on the covered loan, subject to 
     the limitation in paragraph (5). In the case of a covered 
     loan that is a Federal Direct Consolidation Loan or a Federal 
     Consolidation Loan under section 428C comprised only in part 
     of repayment obligations incurred to cover the cost of 
     attendance at the institution whose acts or omissions are the 
     basis of the discharge, the Secretary may discharge less than 
     the total amount of the covered loan when loan account 
     records clearly establish the portion of the covered loan not 
     subject to the defense to repayment.
       ``(B) Reimburse all payments previously made to the 
     Secretary on the covered loan, subject to the limitation in 
     paragraph (5).
       ``(C) For borrowers in default, determine that the borrower 
     is not in default on the covered loan and therefore not 
     ineligible to receive assistance under this title on the 
     basis of default on the covered loan.
       ``(D) Update or delete adverse reports the Secretary 
     previously made to consumer reporting agencies regarding the 
     covered loan.
       ``(E) Remove the discharged covered loan and any grant made 
     under this title related to the student's attendance at the 
     institution whose acts are omissions are the basis of the 
     discharge from the borrower's loan history for purposes of 
     calculating eligibility for further grants and loans under 
     this title.
       ``(5) Limitation on discharge and reimbursement.--The 
     Secretary may reduce the amount of discharge and 
     reimbursement provided for in paragraph (4) if the borrower 
     received a money payment from the institution or related 
     entity in compensation for the acts or omissions forming the 
     basis of the borrower defense. In deciding whether a 
     reduction is warranted, and in what amount, the Secretary 
     shall consider the extent to which the payment received by 
     the borrower compensated for non-economic damages, out-of-
     pocket expenses, or payments previously made directly to the 
     institution, and whether the borrower has non-Federal student 
     loans as a result of attending the institution. The Secretary 
     may not reduce the amount of discharge and reimbursement 
     provided for in a covered loan in paragraph (4) because the 
     borrower received funds from a State tuition recovery fund.
       ``(6) Finality.--A borrower defense discharge is final upon 
     the Secretary's notification to the borrower. The Secretary 
     may not thereafter revoke or reduce the amount of discharge 
     or reimbursement, absent a finding of fraud on the part of 
     the borrower.
       ``(7) Group process.--Where substantial misrepresentations 
     are widespread, the Secretary shall seek to assess the 
     eligibility of all potentially affected borrowers as a group 
     or in multiple groups to expedite the process. If such 
     discharges are approved, the Secretary shall discharge the 
     covered loans of all eligible borrowers in the group, in 
     accordance with the processes in this section and without 
     requiring application materials, to the extent practicable.
       ``(8) Regulations.--The Secretary may promulgate 
     regulations or otherwise prescribe procedures in relation to 
     borrower defense discharge, consistent with the provisions of 
     this section. Nothing in this section modifies or displaces 
     existing powers, authorities, and obligations of the 
     Secretary, including obligations imposed under chapter 5 of 
     title 5, United States Code (commonly known as the 
     `Administrative Procedures Act').''.
       (b) Substantial Misrepresentation.--Section 481 (20 U.S.C. 
     1088) is amended by adding at the end the following:
       ``(g) Substantial Misrepresentation.--In this title, the 
     term `substantial misrepresentation', when used with respect 
     to an institution of higher education, includes--
       ``(1) any statement about the nature of the institution's 
     educational program, its financial charges, or the 
     employability or earnings of its graduates that is false, 
     erroneous, or has the likelihood or tendency to mislead under 
     the circumstances, on which the person to whom it was made 
     could reasonably be expected to rely, or has reasonably 
     relied, to that person's detriment; and
       ``(2) any omission of fact, such as the concealment, 
     suppression, or absence of material information about the 
     nature of the institution's educational program, its 
     financial charges, the employability or earnings of its 
     graduates, the availability of enrollment openings in the 
     student's desired program, the factors that would prevent an 
     applicant from meeting the legal or other requirements to be 
     employed, licensed, or certified in the field for which the 
     training is provided which a reasonable person would have 
     considered in making a decision to attend, or to continue 
     attending, the institution or to take out a covered loan.''.

     SEC. 103. CLOSED SCHOOL DISCHARGE.

       Section 437(c)(1) (20 U.S.C. 1087(c)(1)) is amended to read 
     as follows:
       ``(1) In general.--
       ``(A) In general.--If a borrower who received, on or after 
     January 1, 1986, a loan made, insured, or guaranteed under 
     this part and the student borrower, or the student on whose 
     behalf a parent borrowed, is unable to complete the program 
     in which such student is enrolled due to the closure of the 
     institution or if such student's eligibility to borrow under 
     this part was falsely certified by the eligible institution 
     or was falsely certified as a result of a crime of identity 
     theft, or if the institution failed to make a refund of loan 
     proceeds which the institution owed to such student's lender, 
     then the Secretary shall discharge the borrower's liability 
     on the loan (including interest and collection fees) by 
     repaying the amount owed on the loan.
       ``(B) Additional discharge.--
       ``(i) In general.--In addition to the authorization of 
     discharge under subparagraph (A), the Secretary shall 
     discharge a borrower's (including an endorser's) liability on 
     a Federal Direct Loan made under part D if--

       ``(I) the institution at which the borrower who took the 
     loan (or on whose behalf it was taken or endorsed) was 
     enrolled, ceased to provide educational instruction as a 
     whole, or ceased to provide instruction in the programs in 
     which more than 50 percent of the students were enrolled; or
       ``(II) the borrower who took the loan (or on whose behalf 
     it was taken or endorsed) was enrolled in an institution at 
     any time within the period not earlier than 180 days before 
     the date of the closure of the institution.

       ``(ii) Extension of 180 days.--The Secretary may extend the 
     180 day period described in clause (i)(II) in cases where 
     exceptional circumstances are demonstrated, including if--

       ``(I) the institution was placed on probation or order to 
     show cause or approval was withdrawn or terminated by an 
     accrediting agency or association or an institution's 
     institutional accreditor, or a State authorizing or licensing 
     authority;
       ``(II) the institution was placed on Heightened Cash 
     Monitoring status by the Department or was placed on 
     Provisional Program Participation Approval status, or the 
     institution's participation in a program under this title was 
     terminated by the Department;
       ``(III) the institution was found to have violated Federal 
     or State law related to enrolling or providing education 
     services to students by a Federal or State Government agency, 
     or is the subject of a Federal or State court judgment that 
     the institution violated laws related to enrolling or 
     providing education services to students;
       ``(IV) the teach-out plan (as required under section 
     487(f)) of the borrower's educational program exceeds the 180 
     day period described in clause (i)(II);
       ``(V) the institution responsible for the teach-out of the 
     borrower's educational program fails to perform the material 
     terms of the teach-out plan (as required under section 
     487(f)), such that the borrower does not have a reasonable 
     opportunity to complete the borrower's program of study; and
       ``(VI) the institution permanently closed all or most of 
     its in-person locations while maintaining online programs or 
     permanently closed many programs.

       ``(C) No application requirement.--A borrower who took a 
     loan (or on whose behalf it was taken or endorsed) that is 
     eligible for discharge under this paragraph due to 
     institutional closure is entitled to discharge without an 
     application or statement from the borrower 1 year after the 
     institution's closure date if the student did not complete 
     the program at the institution.
       ``(D) Pursing claims.--After discharging liability on a 
     loan under this paragraph, the Secretary shall pursue any 
     claim available to a borrower against the institution and its 
     affiliates and principals or settle the loan obligation 
     pursuant to the financial responsibility authority under 
     subpart 3 of part H.''.

     SEC. 104. PROHIBITION ON INSTITUTIONS LIMITING STUDENT LEGAL 
                   ACTION.

       (a) Enforcement of Arbitration Agreements.--
       (1) In general.--Chapter 1 of title 9, United States Code, 
     (relating to the enforcement of arbitration agreements) shall 
     not apply to an enrollment agreement made between a student 
     and an institution of higher education.
       (2) Definition.--In this section, the term ``institution of 
     higher education'' has the meaning given such term in section 
     102 of the Higher Education Act of 1965 (20 U.S.C. 1002).
       (b) Prohibition on Limitations on Ability of Students to 
     Pursue Claims Against

[[Page S1709]]

     Certain Institutions of Higher Education.--Section 487(a) (20 
     U.S.C. 1094(a)) is amended by adding at the end the 
     following:
       ``(30) The institution--
       ``(A) will not require any student to agree to, and will 
     not enforce, any limitation or restriction (including a 
     limitation or restriction on any available choice of 
     applicable law, a jury trial, or venue) on the ability of a 
     student to pursue a claim, individually or with others, 
     against an institution in court; and
       ``(B) will provide written notification to students 
     enrolled at the institution that any limitation or 
     restriction on the ability of a student to pursue a claim, 
     individually or with others, against an institution in court 
     contained in any enrollment or other agreement with a student 
     will not be enforced.''.
       (c) Private Right of Action.--
       (1) In general.--
       (A) Private right of action.--A violation described in 
     subparagraph (B) shall be subject to a private right of 
     action enforceable by a student or former student of an 
     institution of higher education, on behalf of such individual 
     or such individual and a class, in an appropriate district 
     court of the United States or any other court of competent 
     jurisdiction that also has jurisdiction over the defendant. 
     The student or former student may seek any relief provided 
     under section 455(h) for such violation, or any remedies 
     otherwise available to the individual under law and equity.
       (B) Violations.--A violation described in this subparagraph 
     is any of the following:
       (i) A substantial misrepresentation, including a 
     substantial omission of fact.
       (ii) A violation of section 487(a)(20) of the Higher 
     Education Act of 1965 (20 U.S.C. 1094(a)(20)).
       (iii) A violation of the default rate regulations 
     promulgated by the Secretary under section 435(m)(3) of the 
     Higher Education Act of 1965 (20 U.S.C. 1085(m)(3)).
       (iv) A violation of the program integrity regulations 
     promulgated by the Secretary under the Higher Education Act 
     of 1965 (20 U.S.C. 1001 et seq.), including regulations 
     promulgated to carry out section 102, section 455, and part H 
     of such Act.
       (2) Amount of damages.--
       (A) In general.--Any institution of higher education, third 
     party servicer that contracts with such institution, or third 
     party contractor that commits a substantial misrepresentation 
     may be held liable to a student or former student of that 
     institution in an amount equal to the sum of--
       (i) any actual damage sustained by such individual as a 
     result of each substantial misrepresentation;
       (ii) any additional damages as the court may allow; and
       (iii) in the case of any successful action to enforce the 
     foregoing liability, the costs of the action, together with a 
     reasonable attorney's fee as determined by the court.
       (B) Ability to assess punitive damages.--
       (i) In general.--On a finding by the court that an 
     institution of higher education, third party servicer that 
     contracts with such institution, or third party contractor 
     has committed a violation described in paragraph (1)(B) with 
     actual or constructive knowledge or reckless disregard for 
     such violation, the court may assess punitive damages not to 
     exceed threefold the sum of actual damages sustained by the 
     plaintiff or class, including court costs and a reasonable 
     attorney's fee.
       (ii) Factors considered by the court.--In determining the 
     amount of liability in any action under clause (i), the court 
     shall consider, among other relevant factors--

       (I) in any individual action under this subsection, the 
     frequency and persistence of noncompliance by the institution 
     of higher education, third party servicer that contracts with 
     such institution, or third party contractor and the nature of 
     such noncompliance; or
       (II) in any class action under this subsection, in addition 
     to the factors listed in subclause (I), the financial 
     resources of the institution of higher education, third party 
     servicer that contracts with such institution, or third party 
     contractor and the number of persons adversely affected.

       (3) Jurisdiction.--An action to enforce any liability 
     created by this subsection may be brought in any appropriate 
     United States district court without regard to the amount in 
     controversy, or in any other court of competent jurisdiction.
       (d) Prohibition on Transcript Withholding.--Section 487(a) 
     (20 U.S.C. 1094(a)), as amended by subsection (b), is further 
     amended by adding at the end the following:
       ``(31) The institution--
       ``(A) will not withhold official transcripts related to a 
     balance owed by the student to the institution; and
       ``(B) will provide an official transcript to a student upon 
     request by the student.''.

     SEC. 105. INCENTIVE COMPENSATION.

       (a) Incentive Compensation.--
       (1) Revocation.--Example 2-B of Question 2 of the 
     Department of Education Dear Colleague Letter GEN-11-05 
     (March 17, 2011) is revoked.
       (2) Prohibition.--The Department of Education may not issue 
     a regulation or subregulatory guidance that would establish 
     an exception to the prohibition provided in section 
     487(a)(20) of the Higher Education Act of 1965 (20 U.S.C. 
     1094(a)(20)).
       (b) Institutional Compliance With the Incentive 
     Compensation Ban.--Section 487(a)(20) (20 U.S.C. 1094(a)(20)) 
     is amended--
       (1) by striking ``The institution'' and inserting ``(A) The 
     institution''; and
       (2) by adding at the end the following:
       ``(B) Not later than 1 year after the date of enactment of 
     the Preventing Risky Operations from Threatening the 
     Education and Career Trajectories of Students Act of 2025, 
     the institution shall attest to the Secretary that the 
     institution is in compliance with subparagraph (A) 
     notwithstanding the guidance provided in Department of 
     Education Example 2-B of Question 2 of Dear Colleague Letter 
     GEN-11-05 (March 17, 2011), in such form as required by the 
     Secretary. If the institution is not in compliance as of the 
     date of enactment of the Preventing Risky Operations from 
     Threatening the Education and Career Trajectories of Students 
     Act of 2025, the Secretary shall revoke the institution's 
     program participation agreement under this section.
       ``(C) Following the attestation required under subparagraph 
     (B), the institution shall annually provide verification from 
     an independent auditor that the institution is in compliance 
     with subparagraph (A).''.

 TITLE II--ENSURING INTEGRITY AT INSTITUTIONS OF HIGHER EDUCATION AND 
                       INSTITUTIONAL CONTRACTORS

     SEC. 201. UPDATING FEDERAL OVERSIGHT OF THIRD-PARTY 
                   SERVICERS.

       Section 481(c)(1) (20 U.S.C. 1088(c)(1)) is amended by 
     inserting ``, including related to the delivery of funds 
     under this title, recruitment or retention of students, 
     compliance with cohort default rate (as defined in section 
     435(m)) requirements, the development and delivery of 
     instructional content, and other applicable activities as 
     described by the Secretary'' after ``title''.

     SEC. 202. JOB PLACEMENT RATES.

       (a) Definition.--Section 481 (20 U.S.C. 1088), as amended 
     by section 102(b), is further amended by adding at the end 
     the following:
       ``(h) Job Placement Rates.--The Secretary shall establish a 
     single definition of `job placement rate' for purposes of 
     this Act that ensures consistent determinations across 
     institutions and accrediting agencies regarding when students 
     are placed in a job, to improve accuracy and minimize the 
     opportunity for misleading or deceptive information.''.
       (b) Program Participation Agreement.--Section 487(a)(8) (20 
     U.S.C. 1094(a)(8)) is amended to read as follows:
       ``(8) In the case of an institution that advertises or 
     discloses job placement rates to prospective students or that 
     is required to provide regular reporting of job placement 
     rates to an accrediting agency, State authorizer, or other 
     regulator, the institution will utilize the definition 
     provided under section 481(h), and shall make available to 
     prospective students, at or before the time of application--
       ``(A) the most recent available data concerning employment 
     statistics, graduation statistics, the methodology used by 
     the institution to calculate the job placement rate, and any 
     other information necessary to substantiate the truthfulness 
     of the advertisements or disclosures, and
       ``(B) relevant State licensing requirements of the State in 
     which such institution is located for any job for which the 
     course of instruction is designed to prepare such prospective 
     students.''.
       (c) Accrediting Agency Recognition.--Section 496(a)(5)(A) 
     (20 U.S.C. 1099b(a)(5)(A)) is amended by inserting ``, as 
     defined pursuant to section 481(h)'' before the semicolon.
       (d) Nonapplicability of Rulemaking Requirements.--The 
     amendments made under this section shall not be subject to 
     the requirements provided under section 492 (20 U.S.C. 
     1098a).

     SEC. 203. ALLOCATION OF TUITION AND FEE REVENUE BY TITLE IV 
                   INSTITUTIONS.

       Section 498(c) (20 U.S.C. 1099c(c)) is amended by inserting 
     at the end the following:
       ``(7) Requirement to Spend Revenue.--
       ``(A) In general.--
       ``(i) Beginning in academic year 2026-2027 and in each 
     academic year thereafter through 2031-2032, each institution 
     of higher education, in order to be eligible to participate 
     in programs under this title, shall spend an amount equal to 
     not less than 30 percent of their tuition and fee revenue 
     (net of allowances and discounts) on instruction.
       ``(ii) Beginning in academic year 2027-2028 and in each 
     academic year thereafter through 2030-2031, the Secretary 
     shall assess the data described in subparagraph (B) and issue 
     a report that identifies the following:
       ``(I) The total amount of spending on instruction for each 
     institution.
       ``(II) The total amount of spending on student services for 
     each institution, excluding advertising, recruiting, 
     marketing, compensation of executives or officers, lobbying, 
     and other pre-enrollment expenses, consistent with section 
     132(l).
       ``(III) Tuition and fee revenue (net of allowances and 
     discounts) for each institution.
       ``(IV) The median increase in total spending on student 
     services and instruction combined relative to spending on 
     instruction relative to tuition and fee revenue (net of 
     allowances and discounts).
       ``(V) Other relevant information the Secretary determines 
     appropriate to include.
       ``(iii) In academic year 2031-2032, the Secretary shall 
     issue a regulation that establishes a minimum threshold 
     percentage for institutional spending on instruction and 
     student services combined that shall be--
       ``(I) not less than 30 percent; and
       ``(II) consistent with the median increase in total 
     spending, as identified under clause (ii)(IV) averaged across 
     academic years 2028-2029, 2029-2030, and 2030-2031.

[[Page S1710]]

       ``(iv) Beginning in academic year 2031-2032 and in each 
     academic year thereafter, each institution of higher 
     education, in order to be eligible to participate in programs 
     under this title, shall spend an amount equal to not less 
     than the threshold percentage established under clause (iii) 
     of their tuition and fee revenue (net of allowances and 
     discounts) on instruction and student services combined.
       ``(B) Reporting from institutions.--The Secretary shall use 
     data from reports received and definitions established under 
     section 132(l) to carry out this paragraph.
       ``(C) Warnings.--The Secretary shall--
       ``(i) establish through regulation appropriate thresholds 
     for an institution of higher education that meets the 
     spending requirements under clauses (i) and (iv) of 
     subparagraph (A), but which is at risk of missing such 
     thresholds; and
       ``(ii) require each institution of higher education that is 
     at risk of missing such thresholds to provide warnings to 
     prospective students and enrolled students of the institution 
     regarding the low instructional spending.
       ``(D) Regulations.--The Secretary shall issue such 
     regulations as determined necessary by the Secretary to 
     ensure compliance with the requirements of this paragraph, 
     taking into consideration cost and convenience.''.

     SEC. 204. PAST PERFORMANCE.

       Section 487(a)(16) (20 U.S.C. 1094(a)(16)) is amended by 
     inserting at the end the following:
       ``(C) The institution will not knowingly employ an 
     individual who was an owner, director, officer, or employee 
     who exercised substantial control over an institution that 
     owes a liability.
       ``(D) The institution will not knowingly--
       ``(i) employ an individual who was--
       ``(I) an owner, director, officer, or employee of an 
     institution that has--

       ``(aa) been found to have engaged in fraud, misuse of 
     funds, or any material violation of law; or
       ``(bb) had its participation in programs under this title 
     terminated, its certification revoked, or its application for 
     certification or recertification for participation in such 
     programs denied; or

       ``(II) a 10 percent-or-higher equity owner, director, 
     officer, principal, or executive of, or contractor affiliated 
     with, another institution in any year in which the other 
     institution incurred a loss of Federal funds, as determined 
     by the Secretary, in excess of 5 percent of the other 
     institution's annual funds under this title; or
       ``(ii) contract with any institution, third-party servicer, 
     individual, agency, or organization that has, or whose 
     owners, officers, or employees have--
       ``(I) been found to have engaged in fraud, misuse of funds, 
     or any material violation of law;
       ``(II) had its participation in programs under this title 
     terminated, its certification revoked, or its application for 
     certification or recertification for participation in such 
     programs denied; or
       ``(III) been a 10 percent-or-higher equity owner, director, 
     officer, principal, executive of, or contractor affiliated 
     with, another institution in any year in which the other 
     institution incurred a loss of Federal funds, as determined 
     by the Secretary, in excess of 5 percent of the other 
     institution's annual funds under this title.''.

     SEC. 205. RECOUPMENT.

       (a) Clarifying the Authority to Recoup Liabilities From 
     Title IV Institutions.--Section 487(c)(1) (20 U.S.C. 
     1094(c)(1)) is amended by striking subparagraph (F) and 
     inserting the following:
       ``(F) the limitation, suspension, or termination of the 
     participation in any program under this title of an eligible 
     institution, the recoupment of liabilities established 
     pursuant to section 493E, or the imposition of a civil 
     penalty under paragraph (3)(B) whenever the Secretary has 
     determined, after reasonable notice and opportunity for 
     hearing, that such institution has violated or failed to 
     carry out any provision of this title, any regulation 
     prescribed under this title, or any applicable special 
     arrangement, agreement, or limitation, except that no period 
     of suspension under this section shall exceed 60 days unless 
     the institution and the Secretary agree to an extension or 
     unless limitation or termination proceedings are initiated by 
     the Secretary within that period of time.''.
       (b) Recoupment of Liabilities.--Part G of title IV (20 
     U.S.C. 1088 et seq.) is amended by adding at the end the 
     following:

     ``SEC. 493E. RECOUPMENT.

       ``(a) In General.--The Secretary shall assess liabilities 
     and seek to recoup funds provided under this title from an 
     institution of higher education as a result of student loan 
     discharges, findings from program reviews or compliance 
     audits, or due to other forms of misconduct or noncompliance.
       ``(b) Waiver Authority.--The Secretary may waive some or 
     all of the liabilities described in subsection (a) based on 
     the individual circumstances of the institution.''.
       (c) Owner Signatures.--Section 498(b) of the Higher 
     Education Act of 1965 (20 U.S.C. 1099c(b)) is amended--
       (1) in paragraph (4), by striking ``and'' after the 
     semicolon;
       (2) in paragraph (5), by striking the period at the end and 
     inserting ``; and''; and
       (3) by adding at the end the following:
       ``(6) requires both an authorized representative of the 
     institution and, if applicable, an authorized representative 
     of any entity with ownership and substantial control over the 
     institution to sign the program participation agreement, as 
     described under section 487, for the institution, which shall 
     ensure that the institution and its owner, if applicable, 
     agree to repay any liabilities assessed against the 
     institution by the Secretary.''.

                     TITLE III--IMPROVING OVERSIGHT

     SEC. 301. ENFORCEMENT IN THE OFFICE OF FEDERAL STUDENT AID.

       (a) Enforcement Unit Established in the Office of Federal 
     Student Aid.--Section 141 (20 U.S.C. 1018) is amended--
       (1) by redesignating subsections (g) through (i) as 
     subsections (h) through (j), respectively; and
       (2) by inserting after subsection (f) the following:
       ``(g) Enforcement Unit.--
       ``(1) In general.--The Chief Operating Officer, in 
     consultation with the Secretary, shall establish an 
     enforcement unit within the PBO (referred to in this section 
     as the `enforcement unit').
       ``(2) Appointment.--
       ``(A) Chief enforcement officer.--The Chief Operating 
     Officer, in consultation with the Secretary, shall appoint a 
     Chief Enforcement Officer as a senior manager, in accordance 
     with subsection (e), to perform the functions described in 
     this subsection. The Chief Enforcement Officer shall report 
     solely and directly to the Chief Operating Officer.
       ``(B) Bonus.--Notwithstanding subsection (e), the Chief 
     Enforcement Officer may receive a bonus, separately 
     determined from the methodology which applies to the 
     calculation of bonuses for other senior managers, based upon 
     the Chief Operating Officer's evaluation of the Chief 
     Enforcement Officer's performance in relation to the goals 
     set forth in a performance agreement related to the specific 
     duties of the enforcement unit.
       ``(3) Duties.--The enforcement unit shall--
       ``(A) receive, process, and analyze allegations and 
     complaints regarding the potential violation of Federal or 
     State law (including civil and criminal law) or other unfair, 
     deceptive, or abusive acts or practices, by institutions of 
     higher education, third-party servicers that contract with 
     such institutions, and loan servicers;
       ``(B) investigate and coordinate investigations of 
     potential or actual misconduct of institutions of higher 
     education, third-party servicers that contract with such 
     institutions, and loan servicers, including engaging in a 
     regular program of secret shopping at online and campus-based 
     institutions of higher education;
       ``(C) develop and implement a written policy for the 
     enforcement of the ban on prohibited incentive compensation 
     not less than annually, which may include automatic triggers 
     for inquiries by the Department or regular `secret shopper' 
     or audit-based investigations, and shall update such policy 
     as needed; and
       ``(D) enforce compliance with laws governing Federal 
     student financial assistance programs under title IV, 
     including through the use of an emergency action in 
     accordance to section 487(c)(1)(I), the limitation, 
     suspension, or termination of the participation of an 
     eligible institution in a program under title IV, or the 
     imposition of a civil penalty in accordance with section 
     487(c)(3)(B).
       ``(4) Coordination and staffing.--The enforcement unit 
     shall--
       ``(A) coordinate with relevant Federal and State agencies 
     and oversight bodies, including the For-Profit Education 
     Oversight Coordination Committee established under section 
     124; and
       ``(B) hire staff, (including by appointing not more than 10 
     individuals in positions of excepted service, as described in 
     subsection (h)(3)) with such expertise as is necessary to 
     conduct investigations, respond to allegations and 
     complaints, and enforce compliance with laws governing 
     Federal student financial assistance programs under title IV.
       ``(5) Divisions.--
       ``(A) In general.--The enforcement unit shall have separate 
     divisions with the following focus areas:
       ``(i) An investigations division to investigate potential 
     or actual misconduct at institutions of higher education, 
     third-party servicers that contract with such institutions, 
     and loan servicers.
       ``(ii) A division focused on evaluating the claims of 
     borrowers who assert a defense to repayment of Federal 
     student loans, or groups of borrowers who qualify to assert 
     such a defense to repayment, under section 455(h).
       ``(iii) A division focused on oversight of the Jeanne Clery 
     Disclosure of Campus Security Policy and Campus Crime 
     Statistics Act, the reporting of crime and fire statistics by 
     institutions of higher education, and the oversight and 
     enforcement of section 120 (relating to drug and alcohol 
     abuse prevention).
       ``(iv) A division to administer the Secretary's authority 
     to fine, limit, suspend, terminate, or take action against 
     institutions of higher education, and third-party servicers 
     that contract with such institutions, participating in the 
     Federal student financial assistance programs under title IV.
       ``(v) A division that administers a program of compliance 
     monitoring and oversight of institutions of higher education, 
     and third-party servicers that contract with such 
     institutions, including systems and procedures to support the 
     eligibility, certification, and

[[Page S1711]]

     oversight of program participants, for all institutions of 
     higher education participating in the Federal student 
     financial assistance programs under title IV.
       ``(vi) Any other division that the Chief Enforcement 
     Officer, in coordination with the Chief Operating Officer and 
     the Secretary, determines is necessary.
       ``(B) Reporting.--The staff of each division described in 
     subparagraph (A) shall report to the Chief Enforcement 
     Officer.
       ``(6) Actions recommended.--The Chief Enforcement Officer 
     may recommend, as appropriate to the particular circumstance, 
     that the Chief Operating Officer--
       ``(A) terminate, suspend, or limit an institution of higher 
     education or a third-party servicer that contracts with such 
     institution from participation in 1 or more programs under 
     title IV (in accordance with section 487), or provisionally 
     certify such participation (in accordance with section 
     498(h));
       ``(B) impose a civil penalty in accordance with section 
     487(c)(3)(B);
       ``(C) for a student loan servicer, obtain all relief, 
     including any penalties and suspension or termination of the 
     agreement, provided in the loan servicer agreement to the 
     contract of the servicer; or
       ``(D) make a recommendation to the Secretary about whether 
     to approve or deny the claims of borrowers, including groups 
     of borrowers, who assert a defense to repayment in accordance 
     with section 455(h).''.
       (b) Extend Subpoena Power To Assist With Investigations.--
     Section 490A(a) (20 U.S.C. 1097a(a)) is amended to read as 
     follows:
       ``(a) Authority.--To assist the Secretary in the conduct of 
     investigations of possible violations of the provisions of 
     this title, the Secretary is authorized to--
       ``(1) require by subpoena the production of information, 
     documents, reports, answers, records, accounts, papers, and 
     other documentary evidence pertaining to participation in any 
     program under this title, the production of which may be 
     required from any place in a State; and
       ``(2) require by subpoena oral testimony by any person, 
     including any legal entity, concerning information pertaining 
     to participation in any title IV program, the appearance for 
     which may be required at any place in a State.''.
       (c) Program Reviews.--Section 498A of the Higher Education 
     Act of 1965 (20 U.S.C. 1099c-1) is amended--
       (1) in subsection (a)--
       (A) in the matter preceding paragraph (1), by striking 
     ``and financial responsibility'' and inserting ``, financial 
     responsibility, and other eligibility-related''; and
       (B) in paragraph (2)--
       (i) by redesignating subparagraphs (A) through (F) as 
     subparagraphs (B) through (G), respectively;
       (ii) by inserting before subparagraph (B), as so 
     redesignated, the following:
       ``(A) identified as `high-risk' institutions based on a 
     risk-review process developed by the Department that shall 
     include risk factors, including--
       ``(i) significant changes in enrollment;
       ``(ii) high volumes of student complaints or borrower 
     defense claims;
       ``(iii) indicators of issues related to financial 
     capability;
       ``(iv) low completion rates;
       ``(v) indications of misleading or deceptive practices, 
     aggressive recruiting, or substantial misrepresentation;
       ``(vi) significant completion gaps between students of 
     different demographic groups; or
       ``(vii) other indicators of risk to students or 
     taxpayers;''; and
       (iii) in subparagraph (G), as so redesignated, by striking 
     ``or financial responsibility'' and inserting ``, financial 
     responsibility, or other eligibility-related'';
       (2) in subsection (d), by striking ``criminal investigative 
     training'' and inserting ``criminal and civil investigative 
     training (including training in identifying 
     misrepresentations in marketing and recruitment materials)'';
       (3) by redesignating subsection (e) as subsection (f); and
       (4) by inserting after subsection (d) the following:
       ``(e) Program Reviews.--Program reviews shall, at minimum, 
     include a review of all--
       ``(1) recruiting and marketing materials, including scripts 
     and training materials provided to institution and third-
     party servicer staff involved in recruiting, admissions, or 
     financial aid;
       ``(2) consumer complaints held by the institution and 
     consumer agencies, borrower defense claims, the institution's 
     response to such complaints or claims, and any related 
     investigative materials;
       ``(3) actions against the institution by State or Federal 
     regulators or enforcement agencies, including State 
     authorizing agencies and State attorneys general, or through 
     qui tam actions; and
       ``(4) actions against the institution by accreditors.''.
       (d) Enhanced Civil Penalties.--Section 487(c)(3)(B) of the 
     Higher Education Act (20 U.S.C. 1094(c)(3)(B)) is amended--
       (1) in clause (i)--
       (A) by inserting ``or its third-party servicer'' after 
     ``eligible institution''; and
       (B) by striking ``$25,000 for each violation or 
     misrepresentation'' and inserting ``$100,000 for each 
     violation or misrepresentation, or--

       ``(I) in the case of an institution, 1.0 percent of the 
     amount of funds the institution received through this title 
     in the most recent award year prior to the determination for 
     each such violation; and
       ``(II) in the case of a third-party servicer that contracts 
     with such institution, the amount of the contract with the 
     institution.'';

       (2) by redesignating clause (ii) as clause (iii);
       (3) by inserting after clause (i) the following:
       ``(ii) The Secretary may consider each time a substantial 
     misrepresentation is viewed or experienced, including static 
     or standing misrepresentations, as a separate violation or 
     misrepresentation.''; and
       (4) by adding at the end the following:
       ``(iv) For the purpose of determining the amount of civil 
     penalties under this subsection, any violation by a 
     particular institution will accrue against all institutions 
     or affiliates with common ownership.''.

     SEC. 302. FOR-PROFIT EDUCATION OVERSIGHT COORDINATION 
                   COMMITTEE.

       Part B of title I (20 U.S.C. 1011 et seq.) is amended by 
     adding at the end the following:

     ``SEC. 124. FOR-PROFIT EDUCATION OVERSIGHT COORDINATION 
                   COMMITTEE.

       ``(a) Establishment of Committee.--
       ``(1) In general.--There is established in the executive 
     branch a committee to be known as the `For-Profit Education 
     Oversight Coordination Committee' (referred to in this 
     section as the `Committee') and to be composed of the head 
     (or the designee of such head) of each of the following 
     Federal entities:
       ``(A) The Department of Education.
       ``(B) The Bureau of Consumer Financial Protection.
       ``(C) The Department of Justice.
       ``(D) The Securities and Exchange Commission.
       ``(E) The Department of Defense.
       ``(F) The Department of Veterans Affairs.
       ``(G) The Federal Trade Commission.
       ``(H) The Department of Labor.
       ``(I) The Internal Revenue Service.
       ``(J) The enforcement unit of the Performance-Based 
     Organization established under section 141(g).
       ``(K) At the discretion of the Chairperson of the 
     Committee, any other relevant Federal agency or department.
       ``(2) Purposes.--The Committee shall have the following 
     purposes:
       ``(A) Coordinate Federal oversight of for-profit 
     institutions of higher education to--
       ``(i) improve enforcement of applicable Federal laws;
       ``(ii) increase accountability of for-profit institutions 
     of higher education to students and taxpayers; and
       ``(iii) ensure the promotion of quality education programs.
       ``(B) Coordinate Federal activities to protect students 
     from unfair, deceptive, abusive, unethical, fraudulent, or 
     predatory practices, policies, or procedures of for-profit 
     institutions of higher education.
       ``(C) Encourage information sharing among agencies related 
     to Federal investigations, audits, program reviews, 
     inquiries, complaints, financial statements, and other 
     information relevant to the oversight of for-profit 
     institutions of higher education.
       ``(D) Develop binding memoranda of understanding that the 
     Federal entities represented on the Committee will use 
     regarding the sharing of information to exercise the 
     oversight described in this section.
       ``(E) Increase coordination and cooperation between Federal 
     and State agencies (including State authorizing agencies, 
     State attorneys general, and State approving agencies 
     designated under section 3671 of title 38, United States 
     Code) with respect to improving oversight and accountability 
     of for-profit institutions of higher education.
       ``(F) Develop best practices and consistency among Federal 
     and State agencies in the dissemination of consumer 
     information regarding for-profit institutions of higher 
     education to ensure that students, parents, and other 
     stakeholders have easy access to such information.
       ``(3) Chairperson.--The Secretary of Education or the 
     designee of the Secretary shall serve as the Chairperson of 
     the Committee.
       ``(b) Meetings.--
       ``(1) Committee meetings.--The members of the Committee 
     shall meet regularly, but not less than once during each 
     quarter of each fiscal year, to carry out the purposes 
     described in subsection (a)(2).
       ``(2) Meetings with state agencies and stakeholders.--The 
     Committee shall meet not less than once each fiscal year, and 
     shall otherwise interact regularly, with State authorizing 
     agencies, State attorneys general, State approving agencies 
     designated under section 3671 of title 38, United States 
     Code, veterans service organizations, and consumer advocates 
     to carry out the purposes described in subsection (a)(2).
       ``(c) Director.--The Chairperson shall appoint a full-time 
     executive director to support the Committee and may appoint 
     and fix the pay of additional staff as the Chairperson 
     considers appropriate.''.

     SEC. 303. ESTABLISHMENT AND MAINTENANCE OF COMPLAINT 
                   RESOLUTION AND TRACKING SYSTEM.

       (a) Complaint Tracking System.--Title I (20 U.S.C. 1001 et 
     seq.) is amended by adding at the end the following:

                  ``PART F--COMPLAINT TRACKING SYSTEM

     ``SEC. 161. COMPLAINT TRACKING SYSTEM.

       ``(a) Definitions.--In this section:
       ``(1) Complainant.--The term `complainant' means an 
     individual making a complaint, or report of suspicious 
     activity, through the complaint tracking system.

[[Page S1712]]

       ``(2) Complaint tracking system.--The term `complaint 
     tracking system' means the tracking system established under 
     subsection (b).
       ``(3) Third-party servicer.--The term `third-party 
     servicer' has the meaning given the term in section 481(c).
       ``(b) In General.--The Secretary shall--
       ``(1) establish and operate, in coordination with the 
     Student Loan Ombudsman, a complaint tracking system that 
     includes a single, toll-free telephone number and a website 
     to facilitate the centralized collection of, monitoring of, 
     and response to complaints or reports of suspicious activity 
     regarding--
       ``(A) Federal student financial aid and the servicing of 
     postsecondary education loans by loan servicers;
       ``(B) educational practices and services of institutions of 
     higher education or third-party servicers; and
       ``(C) the recruiting and marketing practices of 
     institutions of higher education or third-party servicers; 
     and
       ``(2) ensure that--
       ``(A) complaints or reports submitted by students, 
     borrowers of student loans, staff of loan servicers, 
     institutions of higher education, or third-party servicers, 
     or the general public--
       ``(i) may remain anonymous if the complainant so chooses, 
     including by providing complainants with an option for the 
     individual complaint to not be reported to the loan servicer, 
     institution, or third-party servicer, as the case may be; and
       ``(ii) may describe problems that are systematic in nature 
     and not associated with a particular student or institution;
       ``(B) complaints and reports are provided to the loan 
     servicers, institutions of higher education, or third-party 
     servicers that are the subject of such complaints or reports;
       ``(C) such loan servicer, institution of higher education, 
     or third-party servicer provides a timely response to the 
     complainant; and
       ``(D) the complaint tracking system has the capacity to 
     retrieve, search, and categorize complaints or reports for 
     purposes of identifying problematic trends and systemic 
     practices.
       ``(c) Handling of Complaints or Reports.--
       ``(1) In general.--The Secretary shall establish, in 
     consultation with the heads of appropriate agencies 
     (including the Director of the Bureau of Consumer Financial 
     Protection), reasonable procedures to provide a timely 
     response to individuals who file a complaint or report of 
     suspicious activity in the complaint tracking system.
       ``(2) Timely response to complaints.--The Secretary shall 
     provide a response to a complainant not more than 90 days 
     after receiving the complaint, or report of suspicious 
     activity, through the system, in writing where appropriate. 
     Each response shall include a description of--
       ``(A) the steps that have been taken by the Secretary in 
     response to the complaint or report;
       ``(B) any responses received by the Secretary from the loan 
     servicer, institution of higher education, or third-party 
     servicer; and
       ``(C) any additional actions that the Secretary has taken, 
     or plans to take, in response to the complaint or report.
       ``(3) Timely response to secretary by institution of higher 
     education or servicer.--
       ``(A) Notice.--If the Secretary determines that it is 
     necessary, the Secretary shall--
       ``(i) notify a loan servicer, institution of higher 
     education, or third-party servicer that is the subject of a 
     complaint, or report of suspicious activity, through the 
     complaint tracking system regarding the complaint or report; 
     and
       ``(ii) directly address and resolve the complaint or report 
     in the system.
       ``(B) Institution or servicer response.--Not later than 60 
     days after receiving a notice under subparagraph (A), a loan 
     servicer, institution of higher education, or third-party 
     servicer shall provide a response to the Secretary concerning 
     the complaint or report, including--
       ``(i) the steps that have been taken by the loan servicer, 
     institution, or third-party servicer to respond to the 
     complaint or report;
       ``(ii) all responses received by the loan servicer, 
     institution, or third-party servicer from the complainant; 
     and
       ``(iii) any additional actions that the loan servicer, 
     institution, or third-party servicer has taken, or plans to 
     take, in response to the complaint or report.
       ``(C) Further investigation.--In the event that a complaint 
     or report received by the complaint tracking system is not 
     adequately resolved or addressed by the responses of the loan 
     servicer, institution of higher education, or third-party 
     servicer under subparagraph (B), the Secretary may--
       ``(i) ask additional questions of such loan servicer, 
     institution, or third-party servicer; or
       ``(ii) seek additional information from or action by the 
     loan servicer, institution, or third-party servicer.
       ``(4) Provision of information.--
       ``(A) In general.--A loan servicer, institution of higher 
     education, or third-party servicer shall, in a timely manner, 
     comply with a request by the Secretary for information in the 
     control or possession of such loan servicer, institution, or 
     third-party servicer, respectively, concerning a complaint or 
     report of suspicious activity received by the Secretary under 
     the complaint tracking system, including supporting written 
     documentation, subject to subparagraph (B).
       ``(B) Exceptions.--A loan servicer, institution of higher 
     education, or third-party servicer shall not be required to 
     make available under this paragraph--
       ``(i) any nonpublic or confidential information, including 
     any confidential commercial information;
       ``(ii) any information collected by the loan servicer, 
     institution, or third-party servicer for the purpose of 
     preventing fraud or detecting or making any report regarding 
     other unlawful or potentially unlawful conduct; or
       ``(iii) any information required to be kept confidential by 
     any other provision of law.
       ``(5) Compliance.--A loan servicer, institution of higher 
     education, or third party servicer shall comply with the 
     requirements to provide responses and information, in 
     accordance with this subsection, as a condition of receiving 
     funds under title IV or as a condition of the contract with 
     the Department, as applicable.
       ``(d) Transparency.--
       ``(1) Data publication.--The Secretary shall, on an annual 
     basis, publish data on the website of the Department that 
     shall include, for each loan servicer, institution, and 
     third-party servicer--
       ``(A) the number of complaints and reports received;
       ``(B) the types of complaints and reports received;
       ``(C) information about the resolution of the complaints 
     and reports; and
       ``(D) if the complainant consents, the narrative content of 
     the complaint or report.
       ``(2) Report.--Each year, the Secretary shall prepare and 
     submit to the authorizing committees a report describing--
       ``(A) the types and nature of complaints or reports the 
     Secretary has received under the complaint tracking system;
       ``(B) the extent to which complainants are receiving 
     adequate resolution pursuant to this section;
       ``(C) whether particular types of complaints or reports are 
     more common in a given sector of institutions of higher 
     education or with particular loan servicers or third-party 
     servicers;
       ``(D) any concerning trends or systemic practices 
     identified;
       ``(E) any legislative recommendations that the Secretary 
     determines are necessary to better assist students and 
     families regarding the activities described in subsection 
     (c)(1); and
       ``(F) the loan servicers, institutions of higher education, 
     and third-party servicers with the highest volume of 
     complaints and reports, as determined by the Secretary.''.
       (b) Program Participation Agreement Requirement.--Section 
     487(a) (20 U.S.C. 1094(a)) is amended by adding at the end 
     the following:
       ``(32) The institution will comply with any requirement 
     under section 161, or any other requirement by the 
     Department, to provide information or responses with respect 
     to a complaint or report of suspicious activity about the 
     institution.''.

     SEC. 304. REFORMS TO ELIGIBILITY AND CERTIFICATION 
                   PROCEDURES.

       (a) Eligibility and Certification Procedures.--Section 498 
     (20 U.S.C. 1099c) is amended--
       (1) in subsection (a)--
       (A) by striking ``For purposes'' and inserting the 
     following:
       ``(1) In general.--For purposes'';
       (B) by striking ``status, and'' and inserting ``status,'';
       (C) by inserting ``, and the institution's compliance with 
     all other eligibility requirements in accordance with 
     paragraph (2),'' after ``an institution of higher 
     education''; and
       (D) by adding at the end the following:
       ``(2) Compliance.--
       ``(A) In general.--In making a determination of 
     institutional eligibility under this section, the Secretary 
     shall--
       ``(i) require that an institution demonstrate compliance 
     with each provision required under this title in order to 
     receive a full, non-provisional certification of eligibility 
     for purposes of this section;
       ``(ii) reflect that an institution is not entitled to 
     continued participation in programs under this title absent a 
     demonstration of full compliance; and
       ``(iii) determine that an institution is not eligible for 
     participation in programs under this title if it is not in 
     full compliance with section 487(a)(16).''; and
       (2) in subsection (f)--
       (A) by striking ``The Secretary shall ensure'' and 
     inserting the following:
       ``(1) In general.--The Secretary shall ensure''; and
       (B) by striking ``The personnel'' and inserting the 
     following: ``The Secretary shall not automatically certify or 
     recertify an institution for participation in a program under 
     this title as a result of delay in conducting a full review 
     of the institution's application.
       ``(2) Site visits.--The personnel''.
       (b) Provisional Certification of High-risk Institutions.--
     Section 498 (20 U.S.C. 1099c) is amended--
       (1) in subsection (h)--
       (A) in paragraph (1)(B)--
       (i) in clause (ii), by striking ``or'' after the semicolon;
       (ii) in clause (iii), by striking the period at the end and 
     inserting a semicolon; and
       (iii) by adding at the end the following:

[[Page S1713]]

       ``(iv) the institution has violated any requirement of this 
     title;
       ``(v) the institution has violated the terms of its program 
     participation agreement under section 487; or
       ``(vi) the Secretary determines that the institution's 
     continued participation in programs under this title poses a 
     significant risk to students and taxpayers.'';
       (B) by redesignating paragraphs (2) and (3) as paragraphs 
     (3) and (4), respectively; and
       (C) by inserting after paragraph (1) the following:
       ``(2) Additional conditions.--The Secretary shall require a 
     provisionally certified institution to comply with such 
     additional conditions as the Secretary determines necessary 
     or appropriate based on the circumstances of the institution, 
     as specified in the institution's program participation 
     agreement under section 487.'';
       (2) by redesignating subsections (i), (j), and (k) as 
     subsections (j), (k), and (l), respectively; and
       (3) by inserting after subsection (h) the following:
       ``(i) Termination Action.--If an institution that is 
     provisionally certified under subsection (h) is unable to 
     meet its responsibilities under its program participation 
     agreement or is in violation of any requirement established 
     under this title (including if the institution has engaged in 
     substantial misrepresentations), or if a final administrative 
     finding or judicial judgment determines that the institution 
     violated a State or Federal consumer protection law or 
     regulation, the Secretary may terminate the institution's 
     participation in the programs under this title.''.
       (c) Program Participation Agreement Claims.--
       (1) False claims.--Section 487(c) (20 U.S.C. 1094(c)) is 
     amended by adding at the end the following:
       ``(8) False Claims.--
       ``(A) In general.--An institution that submits a 
     misrepresentation or false claim on an application for funds 
     under this title, or knowingly (as defined in section 3729 of 
     title 31, United States Code) fails to comply with the 
     requirements of the program participation agreement under 
     this section, shall be subject to sections 3729 through 3733 
     of such title.
       ``(B) Amount of damages.--For purposes of section 3729(a) 
     of title 31, United States Code, the amount of damages that 
     the Government sustains because of the act of the institution 
     described in subparagraph (A) shall be the total amount of 
     funds distributed to the institution for loans made to 
     students under part D during the period beginning on the date 
     of the submission of the application or the failure to comply 
     (as the case may be) and ending on the date on which a final 
     decision finding a violation of section 3729 of such Code is 
     made.''.
       (2) Certification of compliance.--Paragraph (21) of section 
     487(a) (20 U.S.C. 1094(a)(21)) is amended to read as follows:
       ``(21) The institution--
       ``(A) acknowledges that the agreement certifies the 
     institution's compliance with all terms of the program 
     participation agreement and all applicable Federal laws and 
     regulations that govern an institution's eligibility to 
     receive funds under this title;
       ``(B) agrees that any violation of the terms of a program 
     participation agreement or any other Federal law or 
     regulation described in subparagraph (A) constitutes material 
     noncompliance with a condition of payment; and
       ``(C) will meet the requirements established by the 
     Secretary and accrediting agencies or associations, and will 
     provide evidence to the Secretary that the institution has 
     the authority to operate within a State.''.

     SEC. 305. STATE OVERSIGHT.

       (a) In General.--Section 101 (20 U.S.C. 1001) is amended--
       (1) in subsection (a)--
       (A) by redesignating paragraphs (3), (4), and (5) as 
     paragraphs (4), (5), and (6), respectively; and
       (B) by inserting after paragraph (2) the following:
       ``(3) if providing education through distance education or 
     correspondence in a State in which the institution is not 
     located--
       ``(A) meets the requirements of such State for offering 
     postsecondary education; or
       ``(B) if the institution is authorized by a State pursuant 
     to an interstate reciprocity agreement--
       ``(i) the institution must have fewer than 200 students in 
     such State enrolled annually;
       ``(ii) the agreement must allow States to enforce all non-
     registration and non-fee laws with respect to out-of-State 
     institutions; and
       ``(iii) decisions regarding eligibility to participate in 
     the reciprocity agreement and the standards that apply to 
     participating institutions shall be made exclusively by 
     representatives of member State regulatory agencies or State 
     attorneys general offices;''; and
       (2) in subsection (b)(1), by striking ``paragraphs (1), 
     (2), (4), and (5) of subsection (a)'' and inserting 
     ``paragraphs (1), (2), (3), (5), and (6) of subsection (a)''.
       (b) Conforming Amendments.--Section 102 (20 U.S.C. 1002) is 
     amended--
       (1) in subsection (a)(2)(A), by striking ``section 
     101(a)(4)'' each place the term appears and inserting 
     ``section 101(a)(5)'';
       (2) in subsection (b)(1)--
       (A) in subparagraph (B), by striking ``paragraphs (1) and 
     (2) of section 101(a)'' and inserting ``paragraphs (1), (2), 
     and (3) of section 101(a)''; and
       (B) in subparagraph (C), by striking ``paragraph (4) of 
     section 101(a)'' and inserting ``paragraph (5) of section 
     101(a)''; and
       (3) in subsection (c)(1)(B), by striking ``requirements of 
     paragraphs (1), (2), (4), and (5) of section 101(a)'' and 
     inserting ``requirements of paragraphs (1), (2), (3), (5), 
     and (6) of section 101(a)''.

     SEC. 306. ACCREDITING AGENCY OVERSIGHT.

       Section 496(c) ((20 U.S.C. 1099b(c)) is amended--
       (1) in paragraph (8), by striking ``and'' after the 
     semicolon;
       (2) in paragraph (9)(B), by striking the period at the end 
     and inserting ``; and''; and
       (3) by adding at the end the following:
       ``(10)(A) assesses the risk to students of any institution 
     or program, including assessing the risk to students and 
     institutions of any program managed by a third-party 
     servicer, in accordance with factors provided by the 
     Secretary;
       ``(B) effectively determines whether each such institution 
     or program warrants additional oversight or action; and
       ``(C) provides adequate monitoring of the quality and risk 
     of such institutions or programs.''.

     SEC. 307. MANDATORY SPENDING FOR ADMINISTRATIVE COSTS OF 
                   OPERATING THE STUDENT AID PROGRAMS.

       Paragraph (3) of section 458(a) (20 U.S.C. 1087h(a)(3)) is 
     amended to read as follows:
       ``(3) Funds for administrative costs.--
       ``(A) In general.--Each fiscal year, there shall be 
     available to the Secretary from funds not otherwise 
     appropriated, funds to be obligated for administrative costs 
     under this part, including the costs of the student loan 
     program under this part, except that the total expenditures 
     by the Secretary under this subparagraph shall not exceed 5 
     percent of the amount of the average outstanding Federal 
     student loan portfolio under this part for the preceding 
     fiscal year.
       ``(B) Availability.--Funds made available under 
     subparagraph (A) shall remain available until expended. The 
     Secretary is authorized to use funds available under this 
     paragraph for a fiscal year for a subsequent fiscal year.
       ``(C) Budget.--No funds may be expended under this 
     paragraph unless the Secretary includes in the annual budget 
     request of the Department to Congress a detailed description 
     of--
       ``(i) the specific activities for which the funds made 
     available by this paragraph have been used in the most recent 
     fiscal year;
       ``(ii) the activities and costs planned for the fiscal year 
     for which the request is made; and
       ``(iii) the projection of activities and costs for the 
     fiscal year immediately following the fiscal year for which 
     administrative expenses under this paragraph are made 
     available.''.

     TITLE IV--IMPROVING ACCESS TO STUDENT AND TAXPAYER INFORMATION

     SEC. 401. REPORTING AND DISCLOSURES FROM INSTITUTIONS OF 
                   HIGHER EDUCATION.

       (a) Gainful Employment and Financial Value Transparency 
     Disclosures and Warnings.--Section 498C, as added by section 
     101(b), is amended--
       (1) by redesignating subsection (e) as subsection (f); and
       (2) by inserting after subsection (d) the following:
       ``(e) Disclosures and Warnings.--
       ``(1) In general.--For each gainful employment program or 
     graduate or professional degree program of an institution 
     that does not meet the standards described in subsection (b), 
     the institution shall--
       ``(A) provide warnings to prospective students and enrolled 
     students of the institution regarding the failing program 
     status in a manner specified by the Secretary; and
       ``(B) shall require prospective students to acknowledge 
     receipt of the warning.
       ``(f) Disclosure.--An institution of higher education shall 
     provide the link to the website described in subsection 
     (c)(2)(A)(ii) to prospective and enrolled students in a 
     manner specified by the Secretary.''.
       (b) Instructional Spending Data and Disclosures.--Section 
     132 (20 U.S.C. 1015a) is amended--
       (1) by redesignating subsection (l) as subsection (n); and
       (2) by inserting after subsection (k) the following:
       ``(l) Investments in Instruction and Student Services.--
       ``(1) Institutional expenditures.--
       ``(A) In general.--The Secretary shall establish 
     definitions for calculating instructional expenditures that 
     shall separately account for the expenditures of an 
     institution of higher education on each of the following:
       ``(i) Instruction.
       ``(ii) Student services.
       ``(iii) Marketing.
       ``(iv) Recruitment.
       ``(v) Advertising.
       ``(vi) Lobbying.
       ``(B) Exclusions.--Expenditures on instruction and student 
     services, as defined in accordance with clauses (i) and (ii) 
     of subparagraph (A), shall not include expenditures on 
     marketing, recruitment, advertising, compensation of 
     executives or officers, or lobbying, or other pre-enrollment 
     expenditures.
       ``(2) Reporting.--Each institution of higher education 
     receiving Federal funds under title IV shall report to the 
     Secretary--
       ``(A) the total dollar amount of title IV funds received by 
     the institution;

[[Page S1714]]

       ``(B) the proportion of title IV funds spent on recruitment 
     activities and marketing activities;
       ``(C) the proportion of title IV funds spent on instruction 
     and student services; and
       ``(D) for each program of education or division of the 
     institution for which the tuition is charged, the price of 
     tuition relative to the institution's allocation of revenues 
     to spending on instruction and student services.
       ``(3) Disclosures by the department of education.--The 
     Secretary shall make the disclosures reported under paragraph 
     (2) publicly available on the College Navigator website.''.
       (c) Transparency of Online Programs.--Section 132 (20 
     U.S.C. 1015a), as amended by subsection (b), is further 
     amended by inserting after subsection (l), as added by 
     subsection (b)(2), the following:
       ``(m) Improving Transparency for Online and Contracted 
     Programs.--
       ``(1) Annual reporting requirements for third-party 
     servicer activities.--Each institution of higher education 
     that receives Federal funds under title IV shall report 
     annually to the Secretary--
       ``(A) the name of each third-party servicer with which the 
     institution contracts; and
       ``(B) for each such third-party servicer--
       ``(i) the names of any programs for which each such third-
     party servicer is contracted to provide support;
       ``(ii) the services each such third-party servicer is 
     contracted to offer for each program;
       ``(iii) the number of students enrolled in any program for 
     which the third-party servicer is contracted to provide 
     services;
       ``(iv) whether the third-party servicer administers or 
     provides any private or institutional student loan products; 
     and
       ``(v) the third-party servicer's total expenditures on 
     advertising, marketing, and recruiting on behalf of the 
     institution.
       ``(2) Disclosure requirements.--If an institution of higher 
     education receiving Federal funds under title IV contracts 
     with a third-party servicer to offer one or more programs of 
     education, and such third-party servicer provides recruitment 
     activities, retention activities, or similar activities (as 
     specified by the Secretary) for the program--
       ``(A) the institution and third-party servicer shall 
     prominently disclose for each such program of education, in a 
     manner specified by the Secretary and using language 
     developed by the Secretary, the nature of the relationship 
     between the institution and third-party servicer--
       ``(i) in advertisements;
       ``(ii) in marketing materials; and
       ``(iii) on the website of the institution; and
       ``(B) individuals who are employed by the third-party 
     servicer to provide admissions, recruitment, retention, or 
     advising activities shall prominently disclose to prospective 
     or enrolled students that the individuals are employees of 
     that third-party servicer and not the institution, including 
     in any communication about the program of education.
       ``(3) Annual reporting requirements for online education.--
     Each institution of higher education receiving Federal funds 
     under title IV shall report annually to the Secretary--
       ``(A) the institution's expenditures on activities to 
     secure enrollments for each online, on-campus, and hybrid 
     program, and its total expenditures for all activities of the 
     institution;
       ``(B) the status of each student receiving Federal student 
     aid as enrolled online, on-campus, or in a combination of 
     both modalities, sufficient for the Secretary to calculate 
     the total student enrollment, retention and completion rates, 
     student loan borrowing levels, student loan repayment 
     outcomes, and median earnings for each such program; and
       ``(C) the annual net price charged for each such 
     program.''.
       (d) Disclosure of Material Facts for Proprietary 
     Institutions.--Section 498(c) (20 U.S.C. 1099c(c)), as 
     amended by section 203, is further amended by adding at the 
     end the following:
       ``(8)(A) The Secretary shall require each proprietary 
     institution of higher education (as defined in section 
     102(c)) to file promptly with the Secretary--
       ``(i) all public filings that the institution files with 
     the Securities and Exchange Commission that include 
     references to matters that affect students, including--
       ``(I) mergers and acquisitions;
       ``(II) changes of ownership;
       ``(III) changes of leadership and board membership;
       ``(IV) school or campus closings;
       ``(V) civil lawsuits;
       ``(VI) law enforcement actions, investigations, subpoenas, 
     and demand letters; and
       ``(VII) material change in financial status; and
       ``(ii) in the case of an institution that is not required 
     to make disclosures to the Securities and Exchange 
     Commission, notifications regarding matters that affect 
     students similar to the filings described in clause (i), in a 
     form and manner determined by the Secretary.
       ``(B) The Secretary shall promptly make all information 
     received under subparagraph (A) available on the website of 
     the Department.''.

     SEC. 402. TRANSPARENCY OF OVERSIGHT ACTIVITIES.

        (a) Borrower Defense Claims and Discharges Data.--Section 
     455(h) (20 U.S.C. 1087e(h)), as amended by section 102(a), is 
     further amended--
       (1) by redesignating paragraph (8) as paragraph (9); and
       (2) by inserting after paragraph (7) the following:
       ``(8) Transparency.--The Secretary shall make publicly 
     available, and keep regularly updated, information regarding 
     the number of borrower defense claims filed and discharges 
     granted, disaggregated by institution of attendance, State of 
     residence as of the date of the claim, student loan servicer, 
     and the amount of discharge and reimbursement, based on 
     increments of not less than $10,000.''.
       (b) 90/10 Rule Transparency.--Paragraph (3) of section 
     487(d) (20 U.S.C. 1094(d)(3)) is amended--
       (1) by redesignating subparagraphs (A) and (B) as clauses 
     (i) and (ii), respectively, and adjusting the margins 
     appropriately;
       (2) by striking ``The Secretary'' and inserting the 
     following:
       ``(A) Public disclosure of failure to meet requirements.--
     The Secretary''; and
       (3) by adding at the end the following:
       ``(B) Public disclosure of 90/10 data.--
       ``(i) In general.--The Secretary shall publicly disclose on 
     the website of the Department the data provided by 
     proprietary institutions for purposes of this subsection 
     (referred to in this subparagraph as the `90/10 database') in 
     a prompt, comprehensive, and user-friendly manner.
       ``(ii) Temporary omissions.--If any data for a proprietary 
     of institution required to be disclosed under clause (i) is 
     omitted because of issues unresolved at a given deadline of 
     the Secretary, the Secretary shall--

       ``(I) include, in the 90/10 database on the College 
     Navigator website, a notice that the information is omitted 
     for such proprietary institution and a clear explanation of 
     the reason for the delay; and
       ``(II) timely amend the 90/10 database to include the 
     information required to be disclosed for the relevant 
     reporting period.''.

       (c) Change of Ownership and Conversion Transparency.--
     Section 498(j) (20 U.S.C. 1099c(j)), as redesignated by 
     section 304(b)(2), is further amended by adding at the end 
     the following:
       ``(5) The Secretary shall promptly disclose on the website 
     of the Department--
       ``(A) any application for a change of ownership of an 
     institution or for a conversion of an institution from 
     proprietary to nonprofit status; and
       ``(B) any decision by the Secretary regarding approval or 
     disapproval of a change of ownership application, or an 
     application for conversion from proprietary to nonprofit 
     status, and all external communications describing or 
     explaining those decisions.''.
       (d) Transparency in Financial Standing of Institutions.--
     Section 498(c) (20 U.S.C. 1099c(c)), as amended by section 
     401(d), is further amended by adding at the end the 
     following:
       ``(9) The Secretary shall promptly post on the Department 
     website, for all institutions participating in a program 
     under this title--
       ``(A) the annual audited financial statements submitted by 
     each institution under this section and a list of any 
     institutions that have failed to timely submit audited 
     financial statements;
       ``(B)(i) the terms, amounts, and withdrawals for letters of 
     credit and other sureties required of institutions of higher 
     education under paragraph (3), including by providing updates 
     as new financial guarantees are required and as changes are 
     made to existing agreements; and
       ``(ii) all external communications between institutions of 
     higher education and the Department describing or 
     implementing the Secretary's requirements or determinations 
     regarding financial guarantees under paragraph (3); and
       ``(C)(i) each decision of the Secretary as to the 
     imposition or removal of heightened cash monitoring status 
     and other financial protections regarding an institution; and
       ``(ii) all external communications between institutions of 
     higher education and the Department describing or 
     implementing such decisions.''.
       (e) Institutional Participation in the Title IV Programs.--
     Section 498 (20 U.S.C. 1099c) is amended by adding at the end 
     the following:
       ``(m) Transparency.--The Secretary shall post on the 
     Department website the full program participation agreement 
     under section 487 for each institution that enters into such 
     an agreement and shall indicate if the institution is on 
     provisional, temporary provisional, or expired certification 
     status.''.
       (f) Accrediting Agency Transparency.--Section 496 (20 
     U.S.C. 1099b) is amended--
       (1) in subsection (o)--
       (A) by inserting after ``Regulations.--'' the following:
       ``(1) In general.--''; and
       (B) by adding at the end the following:
       ``(2) Disclosures.--
       ``(A) In general.--The Secretary shall publicly disclose on 
     the Department's website--
       ``(i) all of the Department's draft and final accrediting 
     agency or association recognition reports, and monitoring 
     reports and investigations of any accrediting agency or 
     association, under this section; and
       ``(ii) the reports and accompanying exhibits that each 
     accreditation agency or association submits to the Department 
     in the course of recognition and re-recognition reviews under 
     this section.
       ``(B) Disclosure requirements.--The Secretary shall 
     disclose the information required under subparagraph (A) 
     promptly, so

[[Page S1715]]

     that members of the public may thoroughly and timely respond 
     via public comment in the course of Department reviews of 
     accrediting agencies and associations.''; and
       (2) by adding at the end the following:
       ``(r) Transparency of Accrediting Agency or Association 
     Actions.--
       ``(1) In general.--An accrediting agency or association 
     recognized by the Secretary under this section shall promptly 
     post on the website of the accrediting agency or association 
     and shall submit to the Department, all communications sent 
     from the accrediting agency or association to an institution 
     explaining, or informing an institution of, an action taken 
     by the agency with respect to the institution, including--
       ``(A) to impose or remove a status of probation, warning, 
     concern, stipulation, or reporting, or similar status;
       ``(B) to impose or revoke a show cause order; or
       ``(C) to impose or revoke a limitation, suspension, or 
     termination action.
       ``(2) No redaction.--The communication posted and submitted 
     under paragraph (1) shall be without redaction, except for 
     personally identifiable information.
       ``(3) Disclosure by the secretary.--The Secretary shall 
     promptly publicly disclose on the website of the Department 
     all communications submitted pursuant to paragraph (1).''.
                                 ______
                                 
      By Mrs. BRITT (for herself, Mr. Schatz, Mr. Warnock, Mrs. 
        Fischer, Mr. Ricketts, Mrs. Capito, Mr. Kaine, Mr. Tuberville, 
        and Mr. Cassidy):
  S. 1003. A bill to require the Federal Communications Commission to 
issue an order providing that a shark attack is an event for which a 
wireless emergency alert may be transmitted, and for other purposes; to 
the Committee on Commerce, Science, and Transportation.
  Mrs. BRITT. Mr. President, I rise today to talk about something that 
I have spoken about on this floor before.
  Last September, an incredible young woman named Lulu Gribbin really 
came on to the scene with regard to a piece of legislation that we put 
forth before this body. You see, her life changed forever in July of 
last year. She is an incredible young woman from Mountain Brook, AL. 
She brought her entire community, her State, and now our Nation 
together.
  On June 7 of last year, out of the blue, she was attacked by a shark. 
She and a friend were looking for sand dollars, and obviously all of 
this came unexpectedly. What happened next was nothing short of a 
miracle. The doctors, nurses, EMTs, and everyday people on the beach 
that day saved Lulu's life.
  But the real miracle was just beginning. When Lulu woke up from 
surgery that day and got taken off of her ventilator, her very first 
words were ``I made it.'' That has become a mantra not just in how she 
reemerged but in the way that she has pushed forward.
  After a long rehabilitation, she came back to Alabama 3 months after 
the accident. She was determined. When you talk with her parents, they 
tell you about her aggressiveness. When other amputees would come and 
visit her and tell her how long it took them to walk or to do other 
things, she would say: I am going to do it faster. I am going to do it 
better.
  She was back outclassing golfers there at a driving range, not too 
long after. She refused letting losing an arm or a leg stop her.
  Just last week, Lulu spoke publicly for the very first time since the 
shark attack. Her grace, her faith, her strength, her perseverance--it 
was an inspiration to all of us. Lulu told a crowd that morning that 
she wakes up ready to conquer the day every day, and that she is 
motivated to keep getting better.
  She launched a foundation called Lulu Strong to help others in need 
get the prosthetic technologies that will make their lives easier. 
After visiting Walter Reed just a few weeks ago, you can tell how this 
advocacy can actually change lives.
  When the unimaginable changed her world, what Lulu decided to do was 
change our world for the better. Lulu is a modern-day American hero. 
The courage she has shown, the fight, the resolve that she has 
demonstrated are truly remarkable, and not just for a 16-year-old but 
for anyone.
  But it shouldn't have to be this way. Lulu is, indeed, an 
inspiration, but this tremendous battle that she has fought and won 
could have been prevented in the first place. You see, when I heard 
Lulu's story, I learned that there was another shark attack that 
happened just right down the shore, 90 minutes earlier. Elisabeth 
Foley, a mother of three, from Virginia, tragically lost her hand to a 
shark bite and suffered other terrible injuries resulting in 26 
surgeries.
  After talking with Lulu and her family, we said: It doesn't have to 
be this way. They knew there was something that could have been done. 
And after talking, we knew that there had to be a better way to get 
information out there to warn beachgoers about shark attacks in the 
area. That is when we introduced Lulu's Law, and it is why I am 
reintroducing this bill in this Congress today.
  This bill, which I am proud to share, has bipartisan support. It 
would empower local authorities to issue wireless emergency alerts 
warning beachgoers of potential shark attacks through the already 
existing wireless emergency system. This has the potential to make a 
real difference in Americans' lives. When we are given the opportunity 
to do something simple that can make such a big difference, I believe 
we have to take it.
  So, Lulu, I want you to know how much you inspire all of us. Your 
bravery in the face of the unimaginable is just amazing, and your 
taking what happened to you and saying: How can I make others' lives 
better? How can we make sure that this doesn't happen to someone else?
  We want to honor the strength that you have shown over the past 9 
months.
  To Lulu's parents Ann Blair and Joe Gribbin, the way you have all 
rallied our State and our country to support Lulu on her road to 
recovery is truly unbelievable.
  To my colleagues in the Senate on both sides of the aisle, whether 
you represent a State on the coast or you represent citizens of the 
interior, there is no doubt we want to keep our citizens safe, whether 
they live there or they are visiting. Making sure that we put 
safeguards in place that can prevent another tragedy from occurring is 
imperative.
  Let's pass this law. Let's celebrate this amazing young woman, and 
let's prevent this from happening again.
                                 ______
                                 
      By Mr. DURBIN (for himself, Mr. Grassley, Mr. Booker, Mr. 
        Padilla, Mr. King, Ms. Slotkin, Ms. Baldwin, Ms. Rosen, Ms. 
        Klobuchar, Mr. Cassidy, Mr. Merkley, and Mr. Gallego):
  S. 1009. A bill to establish the Baltic Security Initiative for the 
purpose of strengthening the defensive capabilities of the Baltic 
countries, and for other purposes; to the Committee on Foreign 
Relations.
  Mr. DURBIN. Madam President, I ask unanimous consent that the text of 
the bill be printed in the Record.
  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

                                S. 1009

       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 ``Baltic Security Initiative 
     Act''.

     SEC. 2. BALTIC SECURITY INITIATIVE.

       (a) Establishment.--Pursuant to the authority provided in 
     chapter 16 of title 10, United States Code, the Secretary of 
     Defense shall establish and carry out an initiative, to be 
     known as the ``Baltic Security Initiative'' (in this section 
     referred to as the ``Initiative''), for the purpose of 
     deepening security cooperation with the military forces of 
     the Baltic countries.
       (b) Relationship to Existing Authorities.--The Initiative 
     required by subsection (a) shall be carried out pursuant to 
     the authorities provided in title 10, United States Code.
       (c) Objectives.--The objectives of the Initiative shall 
     be--
       (1) to achieve United States national security objectives 
     by--
       (A) deterring aggression by the Russian Federation; and
       (B) implementing the North Atlantic Treaty Organization's 
     new Strategic Concept, which seeks to strengthen the 
     alliance's deterrence and defense posture by denying 
     potential adversaries any possible opportunities for 
     aggression;
       (2) to enhance regional planning and cooperation among the 
     military forces of the Baltic countries, particularly with 
     respect to long-term regional capability projects, 
     including--
       (A) long-range precision fire systems and capabilities;
       (B) integrated air and missile defense;
       (C) maritime domain awareness;
       (D) land forces development, including stockpiling large 
     caliber ammunition;

[[Page S1716]]

       (E) command, control, communications, computers, 
     intelligence, surveillance, and reconnaissance;
       (F) special operations forces development;
       (G) coordination with and security enhancements for Poland, 
     which is a neighboring North Atlantic Treaty Organization 
     ally; and
       (H) other military capabilities, as determined by the 
     Secretary of Defense; and
       (3) with respect to the military forces of the Baltic 
     countries, to improve cyber defenses and resilience to hybrid 
     threats.
       (d) Strategy.--
       (1) In general.--Not later than one year after the date of 
     the enactment of this Act, the Secretary of Defense shall 
     submit to the Committees on Armed Services of the Senate and 
     the House of Representatives a report setting forth a 
     strategy for the Department of Defense to achieve the 
     objectives described in subsection (b).
       (2) Considerations.--The strategy required by this 
     subsection shall include a consideration of--
       (A) security assistance programs for the Baltic countries 
     authorized as of the date on which the strategy is submitted;
       (B) the ongoing security threats to the North Atlantic 
     Treaty Organization's eastern flank posed by Russian 
     aggression, including as a result of the Russian Federation's 
     2022 invasion of Ukraine with support from Belarus; and
       (C) the ongoing security threats to the Baltic countries 
     posed by the presence, coercive economic policies, and other 
     malign activities of the People's Republic of China.
       (e) Authorization of Appropriations.--
       (1) In general.--There is authorized to be appropriated to 
     the Secretary of Defense $350,000,000 for each of the fiscal 
     years 2026, 2027, and 2028 to carry out the Initiative.
       (2) Sense of congress.--It is the sense of Congress that 
     the Secretary of Defense should seek to require matching 
     funds from each of the Baltic countries that participate in 
     the Initiative in amounts commensurate with amounts provided 
     by the Department of Defense for the Initiative.
       (f) Baltic Countries Defined.--In this section, the term 
     ``Baltic countries'' means--
       (1) Estonia;
       (2) Latvia; and
       (3) Lithuania.

                          ____________________