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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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3114
Primary Policy Focus
EducationPotential 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
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