HR 7031 United States House · 117th Congress

Change of Ownership and Conversion Improvement Act

Summary

Change of Ownership and Conversion Improvement Act This bill revises the application and review process for institutions of higher education (IHEs) to change ownership or for a proprietary (i.e., for-profit) IHE to convert to public or other nonprofit status, including by establishing a pretransaction review application and requiring an IHE to pay an administrative fee for such transactions or pretransaction reviews. The Government Accountability Office must report on the implementation of this bill's provisions.

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2022

Committee Review

Floor Vote

President

Introduced Mar 9, 2022 Last action Mar 9, 2022

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 9, 2022

Committee

Referred to the House Committee on Education and Labor.

lower

Mar 9, 2022

Introduced

Introduced in House

lower

1 primary · 2 co-sponsors