Proprietary Education Oversight Task Force Act

This bill would create a federal committee made up of the heads of nine agencies, including the Department of Education, the Consumer Financial Protection Bureau, and the Department of Justice, to coordinate oversight of for-profit colleges that receive federal student aid. It would also set up a 13-member advisory committee of state, student, veteran, industry, and consumer representatives. The Secretary of Education would create a toll-free phone number, website, and database for student complaints about these colleges, and agencies would share complaint information. The committee would send Congress an annual public report with data on aid, debt, graduation rates, and company finances. Each year, the Secretary would publish a "For-Profit College Warning List for Parents and Students" naming colleges that have faced certain lawsuits, settlements, or loss of federal aid eligibility.

Full text and official record on Congress.gov

Sponsors

• Richard J. Durbin Democrat sponsor
• 5 cosponsors