Proprietary Education Oversight Task Force Act

This bill creates a new oversight structure for for-profit colleges (proprietary institutions of higher education) by establishing a Proprietary Education Interagency Oversight Committee composed of federal agency heads and a Proprietary Education Oversight Advisory Committee with diverse stakeholder representation. It requires a centralized complaint system for students to report issues with these institutions, an annual report containing detailed data on enrollment, finances, student outcomes, and enforcement actions, and a public "For-Profit College Warning List" identifying institutions with serious problems like fraud, lawsuits, or eligibility issues. The bill directly affects for-profit colleges that receive federal education assistance, students attending these institutions, and multiple federal agencies responsible for oversight. These provisions aim to increase transparency, accountability, and consumer protection in the for-profit higher education sector.