Senate Bill 2857
116th Congress(2019-2020)
Protect Veterans' Education and Taxpayer Spending Act of 2019
Introduced
Introduced
Introduced in Senate on Nov 14, 2019
Overview
Text
Sponsor
Introduced
Nov 14, 2019
Latest Action
Nov 14, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2857
Congress
116
Policy Area
Education
Education
Primary focus of measure is elementary, secondary, or higher education including special education and matters of academic performance, school administration, teaching, educational costs, and student aid.
Sponsorship by Party
Delaware
Louisiana
Montana
No Senate votes have been held for this bill.
Summary

Protect Veterans' Education and Taxpayer Spending Act of 2019

This bill designates certain educational assistance funds as federal educational assistance for the purpose of determining a for-profit institution's revenue sources.

Under current law, a for-profit institution must receive at least 10% of its revenue from non-federal sources (known as the 90/10 Rule). Certain federal educational assistance funds provided to students who are servicemembers or veterans are not currently counted as federal sources, which enables a for-profit institution to count those funds towards its 10% requirement.

This bill designates such educational assistance funds as federal educational assistance, prohibiting a for-profit institution from counting such funds towards its 10% requirement. In addition, the bill establishes a tiered system of penalties for a school that violates the 90/10 Rule, but it also provides an appeal process that allows a for-profit institution to seek temporary relief from such penalties upon a showing that it meets certain conditions (e.g., offering high-quality academic or job-training programs and placing veterans and servicemembers in jobs after graduation).

The bill also requires disclosure—on the Department of Education's College Navigator website and the Department of Veterans Affairs' GI Bill Comparison Tool website—of any for-profit institution that is not in compliance, as well as the applicable sanction on such institution.

Lastly, any for-profit institution that converts to nonprofit status shall be subject to the 90/10 Rule for the two-year period after the date of conversion.

Text (1)
November 14, 2019
Actions (2)
11/14/2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
11/14/2019
Introduced in Senate
Public Record
Created
Nov 15, 2019 5:57:36 AM
Updated
Feb 3, 2021 5:32:51 AM