90/10 Accountability for All Act

90/10 Accountability for All Act

This bill expands revenue requirements currently applicable only to proprietary (i.e., for-profit) institutions of higher education (IHEs) to all IHEs.

Under current law, proprietary IHEs may not receive more than 90% of their revenue from federally funded student aid (known as the 90/10 rule). The bill applies this rule to all IHEs.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3114 Introduced in Senate (IS)]

<DOC>






116th CONGRESS
  1st Session
                                S. 3114

 To require that all institutions of higher education participating in 
  student financial assistance programs under title IV of the Higher 
        Education Act of 1965 meet certain revenue requirements.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 19, 2019

   Mr. Enzi introduced the following bill; which was read twice and 
  referred to the Committee on Health, Education, Labor, and Pensions

_______________________________________________________________________

                                 A BILL


 
 To require that all institutions of higher education participating in 
  student financial assistance programs under title IV of the Higher 
        Education Act of 1965 meet certain revenue requirements.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``90/10 Accountability for All Act''.

SEC. 2. EXPANDING THE APPLICABILITY OF THE 90/10 RULE.

    (a) In General.--Section 487 of the Higher Education Act of 1965 
(20 U.S.C. 1094) is amended--
            (1) in subsection (a)(24), by striking ``In the case of a 
        proprietary institution of higher education (as defined in 
        section 102(b)), such institution'' and inserting ``The 
        institution''; and
            (2) in subsection (d)--
                    (A) in paragraph (1)--
                            (i) in the matter preceding subparagraph 
                        (A), by striking ``a proprietary'' and 
                        inserting ``an'';
                            (ii) in subparagraph (A), by striking ``, 
                        except in'' and all that follows through 
                        ``higher education'';
                            (iii) in subparagraph (C)(iv), by striking 
                        ``subparagraph (D)(iii)'' and inserting 
                        ``subparagraph (D)(ii)'';
                            (iv) in subparagraph (D)--
                                    (I) by striking clauses (i) and 
                                (ii) and inserting the following:
                            ``(i) in the case of loans made by an 
                        institution of higher education on or after 
                        July 1, 2012, only the amount of loan 
                        repayments received during the applicable 
                        institutional fiscal year; and'';
                                    (II) by redesignating clause (iii) 
                                as clause (ii); and
                                    (III) in clause (ii), as 
                                redesignated by subclause (II)--
                                            (aa) by striking ``a 
                                        proprietary'' and inserting 
                                        ``an institution''; and
                                            (bb) by inserting ``and'' 
                                        after the semicolon at the end;
                            (v) by striking subparagraph (E); and
                            (vi) by redesignating subparagraph (F) as 
                        subparagraph (E);
                    (B) in paragraph (2)--
                            (i) in subparagraph (A)--
                                    (I) by striking ``A proprietary'' 
                                and inserting ``An''; and
                                    (II) by striking ``a proprietary'' 
                                and inserting ``an''; and
                            (ii) in subparagraph (B), by striking ``a 
                        proprietary'' and inserting ``an'';
                    (C) in paragraph (3)(A), by striking 
                ``proprietary''; and
                    (D) in paragraph (4), by striking ``proprietary''.
    (b) Effective Date.--The amendments made by this section shall take 
effect on July 1, 2020.
                                 <all>