To amend the Higher Education Act of 1965 to modify the application and review process for changes of control, and for other purposes.
Change of Ownership and Conversion Improvement Act
This bill revises the application and review process for institutions of higher education (IHEs) to change ownership or for a proprietary (i.e., for-profit) IHE to convert to public or other nonprofit status, including by establishing a pretransaction review application and requiring an IHE to pay an administrative fee for such transactions or pretransaction reviews. The Government Accountability Office must report on the implementation of this bill's provisions.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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