S.383 - POST Act of 2021117th Congress (2021-2022) |
|Sponsor:||Sen. Durbin, Richard J. [D-IL] (Introduced 02/23/2021)|
|Committees:||Senate - Health, Education, Labor, and Pensions|
|Latest Action:||Senate - 02/23/2021 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S824) (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.383 — 117th Congress (2021-2022)All Information (Except Text)
Introduced in Senate (02/23/2021)
Protecting Our Students and Taxpayers Act of 2021 or the POST Act of 2021
This bill requires a for-profit institution of higher education (IHE), in order to participate in federal student-aid programs, to derive at least 15% of its revenue from sources other than federal funds. Current law requires a for-profit IHE to derive at least 10% of its revenue from sources other than federal funds.
The bill also expands the definition of federal funds to include GI education benefits, with an exception for the monthly housing stipend provided under the Post-9/11 Educational Assistance Program.