H.R. 4029 · 115th Congress
AIM Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
SpeierSponsor3 cosponsors · 1 D, 2 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires the Department of Education (ED) to revise gainful employment regulations that require career training programs to meet minimum thresholds with respect to the debt-to-income rates of their graduates.
What it does: CRS summary · Introduced in House · Oct 12, 2017
Accurate Income Measure Act of 2017 or the AIM Act
This bill requires the Department of Education (ED) to revise gainful employment regulations that require career training programs to meet minimum thresholds with respect to the debt-to-income rates of their graduates. Specifically, the bill requires ED to ensure that those regulations account for estimated underreporting of earned income by graduates of career training programs in cosmetology and related personal grooming arts, holistic health, or massage therapy.
Cosmetology, holistic health, and massage therapy career training programs may appeal a zone or failing debt-to-earning rate by submitting alternative earnings data based on the most current Bureau of Labor Statistics earnings data for the Standard Occupational Classification code.
Until the date on which ED issues adjustments to its gainful employment regulations, the bill: (1) exempts those programs from the regulations, (2) bans ED from publishing final debt-to-earnings rates for those programs, (3) exempts institutions of higher education that provide those programs from a requirement to report the rates on consumer disclosures relating to gainful employment, and (4) prohibits ED from making those programs ineligible for federal financial aid funds due to the application of the regulations.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: AIM Act
Also known as: Accurate Income Measure Act of 2017
Latest action (Oct 12, 2017): Referred to the House Committee on Education and the Workforce.
Policy area: Education · Origin: House · Introduced: Oct 12, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.