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Student Protection Act
10/28/2022, 1:45 AM
Congressional Summary of HR 5425
Student Protection Act
This bill expands the list of actions that may result in the change of control of an institution of higher education (IHE) to include a court-ordered receivership.
Such changes of control disqualify an IHE from participating in certain federal student financial aid programs unless the IHE establishes that it meets specific requirements following the change in control.
Read the Full Bill
Current Status of Bill HR 5425
Bill HR 5425 is currently in the status of Bill Introduced since December 12, 2019. Bill HR 5425 was introduced during Congress 116 and was introduced to the House on December 12, 2019. Bill HR 5425's most recent activity was Referred to the House Committee on Education and Labor. as of December 12, 2019
Bipartisan Support of Bill HR 5425
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5425
Primary Policy Focus
EducationPotential Impact Areas
- Bankruptcy
- Higher education
Alternate Title(s) of Bill HR 5425
Student Protection Act
To amend the Higher Education Act of 1965 to include court-ordered receivership in the list of actions resulting in a change of ownership of institutions of higher education.
Student Protection Act
Comments
Sponsors and Cosponsors of HR 5425
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