[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7728 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7728

  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.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 11, 2022

  Ms. Porter introduced the following bill; which was referred to the 
                    Committee on Education and Labor

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                                 A BILL


 
  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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Student Protection Act''.

SEC. 2. ACTIONS RESULTING IN A CHANGE OF OWNERSHIP.

    Section 498(i)(2) of the Higher Education Act of 1965 (20 U.S.C. 
1099c(i)(2)) is amended--
            (1) in subparagraph (E), by striking ``or'' at the end;
            (2) in subparagraph (F), by striking the period at the end 
        and inserting ``; or''; and
            (3) by adding at the end the following:
            ``(G) or a court-ordered receivership.''.
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