To establish the Proprietary Education Interagency Oversight Committee and to facilitate the disclosure and reporting of information regarding complaints and investigations related to proprietary institutions of higher education eligible to receive Federal education assistance.
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Committee
Latest Action · February 1, 2024
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S344-347)
This bill establishes a coordinated federal oversight system for for-profit colleges and universities. It creates an interagency task force led by the Department of Education and including nine federal agencies (Consumer Financial Protection Bureau, Department of Justice, SEC, Defense, Veterans Affairs, FTC, Labor, and IRS) to improve enforcement, increase accountability, and prevent fraud at for-profit institutions that receive federal student aid funds. The bill requires the task force to collect student complaints through a centralized hotline and website, share information across agencies and state authorities, and publish an annual report to Congress detailing complaints, enforcement actions, financial data, and graduation outcomes at these institutions. Additionally, the task force must publish a yearly "For-Profit College Warning List" identifying institutions that have faced lawsuits, settlements, or had their federal aid eligibility suspended or withdrawn. The bill establishes a 13-member advisory committee including state attorneys general, student representatives, civil rights advocates, and veterans' organizations to provide recommendations. No specific funding authorization or implementation deadline is included in the legislation.
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