POST Act of 2019
Latest action · Jun 11, 2019 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S3322-3323)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 11, 2019
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 8
Members who signed on, in the order they did. All signed on Jun 11, 2019.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| I-VT | Bernard Sanders | Original | Jun 11, 2019 |
| D-HI | Brian Schatz | Original | Jun 11, 2019 |
| D-MA | Elizabeth Warren | Original | Jun 11, 2019 |
| D-RI | Jack Reed | Original | Jun 11, 2019 |
| D-NH | Margaret Wood Hassan | Original | Jun 11, 2019 |
| D-CT | Richard Blumenthal | Original | Jun 11, 2019 |
| D-OH | Sherrod Brown | Original | Jun 11, 2019 |
| D-MN | Tina Smith | Original | Jun 11, 2019 |
Actions 2
Everything that happened, newest first.
- Jun 11, 2019Introduced in Senate
- Jun 11, 2019Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S3322-3323)
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3179 | POST Act of 2019 | Identical bill | Jun 10, 2019 |
| HR 3369 | DAVIE Act | Related bill | Jun 19, 2019 |
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 1
Each version as it was printed, newest first.
- Jun 11, 2019Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.