POST Act of 2019

Summary

Protecting Our Students and Taxpayers Act of 2019 or the POST Act of 2019 This bill modifies requirements for a proprietary (i.e., for-profit) institution of higher education (IHE) to participate in federal student aid programs. Current law requires a proprietary IHE to derive at least 10% of its revenue from sources other than federal student aid. This bill requires a proprietary IHE to derive at least 15% of its revenue from sources other than federal funds (i.e., it replaces the so-called 90/10 rule with an 85/15 rule). Additionally, the bill limits what a proprietary institution may treat as revenue to the school in calculating whether it derives at least 15% of its revenue from sources other than federal funds. Finally, the bill makes compliance with the 85/15 rule a condition of institutional eligibility to participate in federal student aid programs (i.e., failure to comply results in immediate loss of institutional eligibility). Currently, a proprietary IHE must violate the rule for two consecutive years before losing eligibility.

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Timeline

1. 10 June 2019

   Introduced

   Introduced in House

   Source: IntroReferral

2. 10 June 2019

   Introduced

   Referred to the House Committee on Education and Labor.

   Source: IntroReferral

3. 10 June 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 10 June 2019 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 June 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 June 2019

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 10 June 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Cohen, Steve [D-TN-9] · D · Sponsor
• Rep. Jackson Lee, Sheila [D-TX-18] · D · Sponsor
• Rep. Cisneros, Gilbert Ray [D-CA-31] · D · Sponsor
• Sen. Luján, Ben Ray [D-NM] · D · Cosponsor
• Rep. Pressley, Ayanna [D-MA-7] · D · Cosponsor
• Rep. Lee, Barbara [D-CA-12] · D · Cosponsor
• · hsed00 · Standing

Related records

• related to → POST Act of 2021
• related to ← POST Act of 2019
• related to ← DAVIE Act
• related to ← POST Act of 2017