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HR 3447 IH
112th CONGRESS
1st Session
H. R. 3447
To require proprietary institutions of higher education to derive not less than 10 percent of such institutions’ revenues from sources other than veterans’ education benefits or funds provided under title IV of the Higher Education Act of 1965.
IN THE HOUSE OF REPRESENTATIVES
November 16, 2011
Mr. QUIGLEY introduced the following bill; which was referred to the Committee on Education and the Workforce
A BILL
To require proprietary institutions of higher education to derive not less than 10 percent of such institutions’ revenues from sources other than veterans’ education benefits or funds provided under title IV of the Higher Education Act of 1965.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. REVISION OF 90-10 RULE.
(a) Revision of 90-10 Rule- Section 487(a)(24) of the Higher Education Act of 1965 (20 U.S.C. 1094(a)(24)) is amended by inserting after ‘other than’ the following: ‘veterans’ education benefits (as defined in section 480(c)) or’.
(b) Conforming Amendment- The heading for subsection (d) of section 487 of the Higher Education Act of 1965 (20 U.S.C. 1094(d)) is amended by inserting after ‘Non-title IV’ the following: ‘and Non-Veterans’ Education Benefits’.
SEC. 3. EFFECTIVE DATE.
The amendment made by section 2 shall be effective July 1, 2012.