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United States · Bill · S

S. 2640 (116th)

Students Not Profits Act of 2019

referredUnited States· United States Congress· EN

Introduced

17 October 2019

Last action

17 October 2019 · Introduced

Status

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Sponsors

Sen. Brown, Sherrod [D-OH], Sen. Warren, Elizabeth [D-MA]

Subjects

Education

Source updated

5 December 2025

Education

Summary

Students Not Profits Act of 2019 This bill makes certain institutions of higher education (IHEs) ineligible to receive federal financial student assistance. Specifically, the bill makes for-profit institutions of higher education ineligible to receive such assistance. The bill also makes ineligible any institution that has (1) filed for bankruptcy; (2) been convicted of, or pled nolo contendere or guilty to, a crime involving federal student aid; (3) committed fraud, substantial misrepresentation, or false certification involving federal student aid; or (4) executive officers who were previously employed at an institution receiving federal student aid that closed. Additionally, the bill establishes certain criteria that an IHE must meet to be eligible for conversion from a for-profit IHE to a nonprofit IHE. Before approving such conversion, the Department of Education must publish the application in the Federal Register for notice and comment.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 17 October 2019

    Introduced

    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

    Source: IntroReferral

  2. 17 October 2019

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 17 October 2019

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 17 October 2019

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 17 October 2019

    Open at official source

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Sponsors

Related records

Sources

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