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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

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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
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5425

Primary Policy Focus

Education

Potential 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

Katie Porter
Katie Porter
CaliforniaDemocrat

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