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Student Protection: Court Oversight for College Ownership Changes.

This act aims to better protect students by including court-ordered receivership as a condition for changes in ownership of higher education institutions. This means that if a college faces financial or other issues, a court can take control, preventing sudden closures and student financial losses. Students can feel more secure knowing their educational investment is better protected.
Key points
Adds court-ordered receivership as an official reason for a change in ownership of higher education institutions.
Increases financial security for students in case of college issues.
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Expired
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Additional Information
Print number: 117_HR_7728
Sponsor: Rep. Porter, Katie [D-CA-45]
Process start date: 2022-05-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Student Protection Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7728.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-05-11.

What are the main provisions?

Key points include:

  • Adds court-ordered receivership as an official reason for a change in ownership of higher education institutions.
  • Increases financial security for students in case of college issues.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Porter, Katie [D-CA-45].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education Courts and Law