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Bill > HR4497


US HR4497

PSA Act of 2019 Protecting Student Aid Act of 2019


summary

Introduced
09/25/2019
In Committee
09/25/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Higher Education Act of 1965 to make improvements to the Federal Student Aid Office, and for other purposes. This bill requires the Department of Education to establish an enforcement unit that will review and investigate violations of federal law related to student financial aid. Specifically, the enforcement unit shall be established within the performance-based organization that manages administrative and oversight functions supporting student financial aid. The enforcement unit must review, investigate, and make recommendations related to any allegation that an institution of higher education has violated federal student financial aid law.

AI Summary

This bill, the Protecting Student Aid Act of 2019 or the PSA Act of 2019, amends the Higher Education Act of 1965 to establish an enforcement unit within the performance-based organization (PBO) that manages federal student financial aid programs. The enforcement unit, led by a Chief Enforcement Officer, will review and investigate allegations of violations of federal law related to student financial aid, and make recommendations to the Secretary of Education on potential enforcement actions, such as limiting, suspending, or terminating an institution's or third-party servicer's participation in federal student aid programs. The bill also expands the definition of "third party servicer" to include entities with revenue-sharing arrangements with institutions.

Committee Categories

Education

Sponsors (13)

Last Action

Referred to the House Committee on Education and Labor. (on 09/25/2019)

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