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Bill > HR3512


US HR3512

PROTECT Students Act of 2019 Preventing Risky Operations from Threatening the Education and Career Trajectories of Students Act of 2019


summary

Introduced
06/26/2019
In Committee
07/30/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Provides additional oversight of postsecondary education programs, including for-profit institutions of higher education (IHEs), and addresses protections for students and student loan borrowers from fraudulent or predatory practices. The bill sets forth a variety of provisions concerning oversight of for-profit IHEs. Specifically, the bill decreases the cap on the amount of revenue for-profit IHEs may receive from federal sources, including funds from the Department of Veterans Affairs and the Department of Defense. In addition, it establishes (1) a process for reviewing for-profit IHEs that convert to nonprofit or public status, and (2) a For-Profit Education Oversight Coordination Committee. The bill also sets forth provisions to address predatory practices in higher education. For instance, the bill requires career education programs to prepare students for gainful employment. In addition, it requires the Office of Federal Student Aid to have a unit that enforces compliance with laws governing student financial assistance programs. The office must also maintain a system that tracks reports of suspicious activity of IHEs or student loan servicers, including anonymous complaints. Lastly, the bill allows borrowers of student loans to seek loan forgiveness if IHEs mislead the students or engage in other misconduct. Finally, the bill prohibits IHEs that receive federal funding from limiting students' legal actions, providing incentive compensation, and using educational assistance funds for recruiting and marketing activities.

AI Summary

This bill, the Preventing Risky Operations from Threatening the Education and Career Trajectories of Students Act of 2019 (PROTECT Students Act of 2019), aims to provide additional oversight and accountability for postsecondary education programs, particularly for-profit institutions. Key provisions include: - Decreasing the cap on the amount of revenue for-profit institutions can receive from federal sources, including from the Department of Veterans Affairs and the Department of Defense. - Establishing a process for reviewing for-profit institutions that convert to nonprofit or public status. - Creating a For-Profit Education Oversight Coordination Committee to improve enforcement, increase accountability, and ensure quality education programs. - Requiring career education programs to prepare students for gainful employment and establishing an enforcement unit within the Office of Federal Student Aid to monitor compliance. - Allowing borrowers to seek loan forgiveness if institutions mislead students or engage in misconduct. - Prohibiting institutions that receive federal funding from limiting students' legal actions, providing incentive compensation, and using federal funds for recruiting and marketing activities.

Committee Categories

Education, Military Affairs and Security

Sponsors (23)

Last Action

Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. (on 07/30/2019)

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