House
Jan 23, 2025Preventing Financial Exploitation in Higher Education Act
Summary
Official
Preventing Financial Exploitation in Higher Education Act This bill establishes financial penalties for institutions of higher education (IHEs) with endowments of $2.5 billion or more that have specified percentages of current and former students who default, are delinquent, or underpay on their federal student loans. The bill also imposes an increased excise tax on net...
Bill Progress
Bill has been introduced and assigned a number
Introduced(1/23/25)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
BV
Ms. Van Duyne
House (R) Texas – 24
Topics
Latest Action
Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 23, 2025
View Bill on Congress.gov