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Streamlining Higher Education Ownership Changes and Conversions

This act aims to accelerate and improve the processes for changes in ownership and conversions of higher education institutions, including transitions from for-profit to non-profit status. It introduces application fees to fund additional staff and reduce decision-making times, thereby impacting the stability and accessibility of education.
Key points
Introduction of fees for applications related to changes in ownership or conversion of higher education institutions to expedite processing.
Reduction of decision-making time for the Department of Education to 90 days, with automatic approval possible in case of delays.
Strengthened oversight for institutions converting to non-profit status, especially regarding financial relationships with former owners.
Transparency requirement: the Department of Education will publish reasons for decisions and a list of required documents.
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Expired
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Additional Information
Print number: 118_HR_7144
Sponsor: Rep. Owens, Burgess [R-UT-4]
Process start date: 2024-01-30
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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

Change of Ownership and Conversion Improvement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7144.

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 2024-01-30.

What are the main provisions?

Key points include:

  • Introduction of fees for applications related to changes in ownership or conversion of higher education institutions to expedite processing.
  • Reduction of decision-making time for the Department of Education to 90 days, with automatic approval possible in case of delays.
  • Strengthened oversight for institutions converting to non-profit status, especially regarding financial relationships with former owners.
  • Transparency requirement: the Department of Education will publish reasons for decisions and a list of required documents.
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. Owens, Burgess [R-UT-4].

What is the latest detailed status?

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

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Education