S.1659: POST Act of 2013

About this Bill

You can read the bill
Sponsor Richard J. Durbin, D-Ill.
Total Cosponsors 8 (All Democrats)
Introduced Nov. 6, 2013
Latest Major Action Nov. 7, 2013
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Protecting Our Students and Taxpayers Act of 2013 or the POST Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require proprietary institutions of higher education to derive at least 15% of their revenue from sources other than federal funds or become ineligible for title IV funding. (Currently, the 90/10 rule requires these schools to derive at least 10% of their revenue from sources other than title IV or become ineligible for title IV funding.)

Defines "federal funds" as federal financial assistance provided through a grant, contract, subsidy, loan, guarantee, insurance, or other means to a proprietary institution, including federal financial assistance that is provided to an institution on behalf of a student or to a student to attend the institution. Excludes monthly housing stipends provided under the Post-9/11 Veterans Educational Assistance program from consideration as federal funds.

Limits what a proprieta...

(Source: Congressional Research Service)

Bill Actions

Date Description
Nov. 6, 2013 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S7878-7879)