S. 3114 · 116th Congress
90/10 Accountability for All Act
- Stage
- In committee
- Sponsor
- Michael Enzi
- Introduced
- 2019-12-19
- Latest action
- 2019-12-19 · Introduced in Senate
Summary
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.