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90/10 Accountability for All Act

10/28/2022, 1:46 AM

Congressional Summary of S 3114

90/10 Accountability for All Act

This bill expands revenue requirements currently applicable only to proprietary (i.e., for-profit) institutions of higher education (IHEs) to all IHEs.

Under current law, proprietary IHEs may not receive more than 90% of their revenue from federally funded student aid (known as the 90/10 rule). The bill applies this rule to all IHEs.

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Current Status of Bill S 3114

Bill S 3114 is currently in the status of Bill Introduced since December 19, 2019. Bill S 3114 was introduced during Congress 116 and was introduced to the Senate on December 19, 2019.  Bill S 3114's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of December 19, 2019

Bipartisan Support of Bill S 3114

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

Policy Area and Potential Impact of Bill S 3114

Primary Policy Focus

Education

Potential Impact Areas

- Education programs funding
- Higher education
- Student aid and college costs

Alternate Title(s) of Bill S 3114

90/10 Accountability for All Act
90/10 Accountability for All Act
A bill to require that all institutions of higher education participating in student financial assistance programs under title IV of the Higher Education Act of 1965 meet certain revenue requirements.

Comments

Sponsors and Cosponsors of S 3114

Michael B. Enzi
Michael B. Enzi
WyomingRepublican

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