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Increased Oversight and Accountability for For-Profit Colleges Receiving Federal Aid

This bill establishes an interagency committee to oversee proprietary (for-profit) higher education institutions that receive federal financial aid. The goal is to increase accountability, prevent fraud, and ensure high-quality education programs. For citizens, this means easier access to crucial information about school performance and complaint history, offering better protection against deceptive recruiting practices.
Key points
Creation of a committee involving 10 federal agencies (including Education, FTC, IRS) to coordinate investigations and enforcement actions against for-profit schools.
Establishment of a centralized system (hotline, website) for students to easily submit complaints regarding proprietary institutions.
Mandatory annual publication of a 'For-Profit College Warning List' naming schools sued for fraud or those that have had federal aid eligibility suspended.
Requirement for schools to publish detailed data, including student debt metrics, graduation rates, and spending on marketing versus instruction.
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Expired
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Additional Information
Print number: 118_S_3727
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2024-02-01
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OFFICIAL LEGAL TITLE

Proprietary Education Oversight Task Force Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3727.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-02-01.

What are the main provisions?

Key points include:

  • Creation of a committee involving 10 federal agencies (including Education, FTC, IRS) to coordinate investigations and enforcement actions against for-profit schools.
  • Establishment of a centralized system (hotline, website) for students to easily submit complaints regarding proprietary institutions.
  • Mandatory annual publication of a 'For-Profit College Warning List' naming schools sued for fraud or those that have had federal aid eligibility suspended.
  • Requirement for schools to publish detailed data, including student debt metrics, graduation rates, and spending on marketing versus instruction.
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 Sen. Durbin, Richard J. [D-IL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Education Courts and Law Economy