Student Protection Act

Bill: 116-hr-5425
Sponsor: full_name: Rep. Porter, Katie [D-CA-45]
Introduced: 2019-12-12
Policy area: Education
Subjects: Bankruptcy

Higher education
Latest action: action_date: 2019-12-12
text: Referred to the House Committee on Education and Labor.

Summaries:
action_date: 2019-12-12
action_desc: Introduced in House
text: <p><b>Student Protection Act</b></p> <p>This bill expands the list of actions that may result in the change of control of an institution of higher education (IHE) to include a court-ordered receivership.</p> <p>Such changes of control disqualify an IHE from participating in certain federal student financial aid programs unless the IHE establishes that it meets specific requirements following the change in control.</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 5425 IN THE HOUSE OF REPRESENTATIVES December 12, 2019 Ms. Porter introduced the following bill; which was referred to the Committee on Education and Labor A BILL To amend the Higher Education Act of 1965 to include court-ordered receivership in the list of actions resulting in a change of ownership of institutions of higher education.

1. Short title This Act may be cited as the Student Protection Act . 2. Actions resulting in a change of ownership Section 498(i)(2) of the Higher Education Act of 1965 ( 20 U.S.C. 1099c(i)(2) ) is amended— (1) in subparagraph (E), by striking or at the end; (2) in subparagraph (F), by striking the period at the end and inserting ; or ; and (3) by adding at the end the following: (G) or a court-ordered receivership. .