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Expediting Higher Education Ownership Changes and Conversions

New regulations aim to streamline and accelerate the processes for changes in ownership and conversions of higher education institutions, including the transition from for-profit to non-profit status. Application fees will be introduced to fund additional staff, reducing the current waiting times for decisions, which can be up to 5 years. This will allow students and institutions to benefit more quickly from mergers and acquisitions, fostering innovation and competition.
Key points
Introduction of administrative fees for ownership change and conversion applications to fund faster processing.
Reduction of the maximum decision waiting time from the Department of Education to 90 days, with extensions possible for good cause.
For-profit institutions converting to non-profit status will be monitored for 5 years to prevent financial improprieties.
Requirement for the Department of Education to publish decision rationales and regular reports on application processing times.
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Introduced
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Additional Information
Print number: 119_HR_2271
Sponsor: Rep. Owens, Burgess [R-UT-4]
Process start date: 2025-03-21
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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 119_HR_2271.

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 2025-03-21.

What are the main provisions?

Key points include:

  • Introduction of administrative fees for ownership change and conversion applications to fund faster processing.
  • Reduction of the maximum decision waiting time from the Department of Education to 90 days, with extensions possible for good cause.
  • For-profit institutions converting to non-profit status will be monitored for 5 years to prevent financial improprieties.
  • Requirement for the Department of Education to publish decision rationales and regular reports on application processing times.
What is the specific legal status?

The current status is Introduced.

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 Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Education