To amend the Higher Education Act of 1965 to require that any institution of higher education that is a nonprofit organization under section 501(c)(3) of the Internal Revenue Code be deemed a nonprofit institution of higher education for purposes of such Act.
IHE Nonprofit Clarity Act
This bill specifies that an institution of higher education (IHE) that is recognized as a tax-exempt nonprofit organization under Section 501(c)(3) of the Internal Revenue Code of 1986 must also be deemed as a nonprofit IHE for purposes of the Higher Education Act of 1965. Thus, if the Internal Revenue Service recognizes an IHE as a tax-exempt nonprofit organization, then the Department of Education must also recognize the IHE as a nonprofit IHE.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Workforce.
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