S. 2037 · 115th Congress
POST Act of 2017
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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.
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DurbinSponsor10 cosponsors · 9 D, 1 I
D
Blumenthal
TC
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Carper
CM
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Murphy
JR
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Reed
EW
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Warren
BS
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Sanders
SB
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Brown
MH
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Hassan
BS
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Schatz
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Smith5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Protecting Our Students and Taxpayers Act of 2017 or the POST Act of 2017
What it does: CRS summary · Introduced in Senate · Oct 31, 2017
Protecting Our Students and Taxpayers Act of 2017 or the POST Act of 2017
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: POST Act of 2017
Also known as: Protecting Our Students and Taxpayers Act of 2017
Latest action (Oct 31, 2017): Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S6925)
Policy area: Education · Origin: Senate · Introduced: Oct 31, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.