US Congress House Bill 4101 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on November 19 2015 - 25% progression, died in committee
Action: 2016-03-23 - Referred to the Subcommittee on Higher Education and Workforce Training.
Pending: House Subcommittee on Higher Education and Workforce Training Committee
Text: Latest bill text (Introduced) [PDF]

POST Act of 2015 Protecting Our Students and Taxpayers Act of 2015 This bill amends the Higher Education Act of 1965 (HEA) to modify requirements for a proprietary (i.e., for-profit) institution of higher education (IHE) to participate in title IV (Student Assistance) federal student aid programs. Current law requires a proprietary IHE to derive at least 10% of its revenue from sources other than title IV federal student aid. This legislation requires a proprietary IHE to derive at least 15% of its revenue from sources other than federal funds (i.e., it replaces the so-called 90/10 rule with an 85/15 rule). It defines federal funds to mean title IV federal student aid, as well as education benefits for military personnel and veterans. Additionally, the bill limits what a proprietary institution may treat as revenue to the school in calculating whether it derives at least 15% of its revenue from sources other than federal funds. Finally, the bill moves the 85/15 rule from title IV to title I (General Provisions) of the HEA, making compliance a condition of institutional eligibility to participate in title IV federal student aid programs (i.e., failure to comply results in immediate loss of institutional eligibility). Currently, a proprietary IHE must violate the rule for two consecutive years before losing eligibility for title IV programs.

POST Act of 2015 Protecting Our Students and Taxpayers Act of 2015

Rep. Steve Cohen [D-TN]

Rep. Walter Jones [R-NC]

Rep. Henry Johnson [D-GA]

Rep. Michael Honda [D-CA]

Date	Chamber	Action
2016-03-23	House	Referred to the Subcommittee on Higher Education and Workforce Training.
2015-11-19	House	Referred to the House Committee on Education and the Workforce.
2015-11-19	House	Sponsor introductory remarks on measure. (CR E1657)
2015-11-19	House	Introduced in House

SB2272 (Same As) 2015-11-10 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S7916)

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/4101/all-info
Text	https://www.congress.gov/114/bills/hr4101/BILLS-114hr4101ih.pdf