Q: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Foreign Medical School
Accountability Fairness Act of 2017''.

SEC. 2. PURPOSE.

To establish consistent eligibility requirements for graduate
medical schools operating outside of the United States and Canada in
order to increase accountability and protect American students and
taxpayer dollars.

SEC. 3. FINDINGS.

Congress finds the following:
(1) Three for-profit schools in the Caribbean receive
nearly /4\ of all Federal funding under title IV of the
Higher Education Act of 1965 (20 U.S.C. 1070 et seq.) that goes
to students enrolled at foreign graduate medical schools,
despite those three schools being exempt from meeting the same
eligibility requirements as the majority of graduate medical
schools located outside of the United States and Canada.
(2) The National Committee on Foreign Medical Education and
Accreditation and the Department of Education recommend that
all foreign graduate medical schools should be required to meet
the same eligibility requirements to participate in Federal
funding under title IV of the Higher Education Act of 1965 (20
U.S.C. 1070 et seq.).
(3) The attrition rate at United States medical schools
averaged 3.4 percent in 2014, while rates at for-profit
Caribbean medical schools have been known to reach 30 percent.
(4) In 2016, residency match rates for foreign trained
graduates averaged 54 percent compared to 94 percent for
graduates of medical schools in the United States.
(5) On average, students at for-profit medical schools
operating outside of the United States and Canada amass more
student debt than those at medical schools in the United
States.

SEC. 4. REPEAL GRANDFATHER PROVISIONS.

Section 102(a)(2) of the Higher Education Act of 1965 (20 U.S.C.
1002(a)(2)) is amended--
(1) in subparagraph (A), by striking clause (i) and
inserting the following:
''(i) in the case of a graduate medical
school located outside the United States--
''(I) at least 60 percent of those
enrolled in, and at least 60 percent of
the graduates of, the graduate medical
school outside the United States were
not persons described in section
484(a)(5) in the year preceding the
year for which a student is seeking a
loan under part D of title IV; and
''(II) at least 75 percent of the
individuals who were students or
graduates of the graduate medical
school outside the United States or
Canada (both nationals of the United
States and others) taking the
examinations administered by the
Educational Commission for Foreign
Medical Graduates received a passing
score in the year preceding the year
for which a student is seeking a loan
under part D of title IV;''; and
(2) in subparagraph (B)(iii), by adding at the end the
following:
''(V) Expiration of authority.--The
authority of a graduate medical school
described in subclause (I) to qualify
for participation in the loan programs
under part D of title IV pursuant to
this clause shall expire beginning on
the first July 1 following the date of
enactment of the Foreign Medical School
Accountability Fairness Act of 2017.''.

SEC. 5. LOSS OF ELIGIBILITY.

If a graduate medical school loses eligibility to participate in
the loan programs under part D of title IV of the Higher Education Act
of 1965 (20 U.S.C. 1087a et seq.) due to the enactment of the
amendments made by section 4, then a student enrolled at such graduate
medical school on or before the date of enactment of this Act may,
notwithstanding such loss of eligibility, continue to be eligible to
receive a loan under such part D while attending such graduate medical
school in which the student was enrolled upon the date of enactment of
this Act, subject to the student continuing to meet all applicable
requirements for satisfactory academic progress, until the earliest
of--
(1) withdrawal by the student from the graduate medical
school;
(2) completion of the program of study by the student at
the graduate medical school; or
(3) the fourth June 30 after such loss of eligibility.
A:
Foreign Medical School Accountability Fairness Act of 2017 This bill amends title I (General Provisions) of the Higher Education Act of 1965 to revise institutional eligibility criteria for a foreign graduate medical school to participate in federal student aid programs. Current law requires a foreign graduate medical school to meet certain requirementsa minimum pass rate threshold on the medical licensing exam and a minimum percentage of foreign studentsto participate in the Federal Direct Loan (DL) program, unless the Department of Education (ED) establishes alternative standards or the school has a grandfathered clinical training program. This bill terminates ED's authority to establish alternative standards and eliminates the exemption for a school with a grandfathered clinical training program (i.e., it requires all foreign graduate medical schools to meet minimum requirements to participate in the DL program).