US Congress House Bill 3487 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on June 25 2019 - 25% progression, died in committee
Action: 2019-06-25 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]

Increases oversight of postsecondary educational institutions and provides consumer protections for students. Proprietary (i.e., for-profit) institutions of higher education (IHEs) must derive at least 15% of their revenue from non-federal sources or risk becoming ineligible for federal educational assistance funds. Postsecondary educational institutions must meet certain requirements regarding entrance counseling for first-time borrowers, disclosure of clinical training agreement terms, disclosure of a mandatory program review, and preparation of students upon successful program completion. The bill prohibits such institutions from using revenues derived from federal educational assistance funds for recruiting or marketing activities. The bill revises requirements governing IHEs that receive federal educational assistance funds, including to broaden the ban on institutions compensating employees based on their successes in securing either enrollments or student aid awards, prohibit predispute arbitration agreements in student loan contracts that waive the rights available to borrowers, and increase protections for whistleblowers who disclose institutional violations. The Department of Education (ED) must (1) establish a complaint tracking system, (2) conduct mandatory program reviews of institutions that pose a significant risk of failing to comply with certain requirements, and (3) recalculate the cohort default rate for institutions that engage in default manipulation and redetermine their eligibility for federal educational assistance funds. The bill expands the defenses that a borrower may assert for not repaying a student loan. ED may impose civil penalties on IHEs that engage in substantial misrepresentation or other serious violations.

PRO Students Act Protections and Regulation for Our Students Act

Rep. Mark Takano [D-CA]	Rep. Pete Aguilar [D-CA]	Rep. Scott Peters [D-CA]	Rep. John Garamendi [D-CA]
Rep. Steve Cohen [D-TN]

Date	Chamber	Action
2019-06-25	House	Referred to the House Committee on Education and Labor.
2019-06-25	House	Introduced in House

HB4977 (Related) 2019-11-01 - Referred to the House Committee on Education and Labor.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/3487/all-info
Text	https://www.congress.gov/116/bills/hr3487/BILLS-116hr3487ih.pdf