S. 1775 · 116th Congress
POST Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
DurbinSponsor8 cosponsors · 7 D, 1 I
8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Protecting Our Students and Taxpayers Act of 2019 or the POST Act of 2019
What it does: CRS summary · Introduced in Senate · Jun 11, 2019
Protecting Our Students and Taxpayers Act of 2019 or the POST Act of 2019
This bill modifies requirements for a proprietary (i.e., for-profit) institution of higher education (IHE) to participate in federal student aid programs.
Current law requires a proprietary IHE to derive at least 10% of its revenue from sources other than federal student aid. This bill 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).
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 makes compliance with the 85/15 rule a condition of institutional eligibility to participate in 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: POST Act of 2019
Also known as: Protecting Our Students and Taxpayers Act of 2019
Latest action (Jun 11, 2019): Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S3322-3323)
Policy area: Education · Origin: Senate · Introduced: Jun 11, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.