Sec. 2. Higher Education Regulatory Reform Task Force
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Not later than 2 months after the date of enactment of this Act, the Secretary of Education shall establish the Higher Education Regulatory Reform Task Force. The Higher Education Regulatory Reform Task Force shall include— the Secretary of Education or the Secretary’s designee; the head of each other Federal agency (or such head’s designee) that the Secretary of Education determines to be relevant to the activities of the Higher Education Regulatory Reform Task Force; a representative of the Advisory Committee on Student Financial Assistance established under section 491 of the Higher Education Act of 1965 ( 20 U.S.C. 1098 ); representatives from the higher education community, including— institutions of higher education, with equal representation of public and private nonprofit institutions, and two-year and four-year institutions, and with not less than 25 percent of such representative institutions carrying out distance education programs; and nonprofit organizations representing institutions of higher education; and any other entity or individual the Secretary of Education determines appropriate.
Not later than 6 months after the date of enactment of this Act, the Secretary of Education shall submit to Congress and make available on a publicly available website a report (in this Act referred to as the Higher Education Regulatory Reform Report ) prepared by the Higher Education Regulatory Reform Task Force on Federal regulatory requirements for institutions of higher education. In prioritizing the review and consideration of such regulatory requirements for the purposes of the Higher Education Regulatory Reform Report, the Higher Education Regulatory Reform Task Force shall give highest priority to regulations that are in effect at the time of such review and consideration and related to— State authorization of distance education; the Integrated Postsecondary Education Data System (IPEDS); the Office of Management and Budget’s A–21 Circular; reporting under the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act; calculation of default rates under section 435(a) of the Higher Education Act of 1965; gainful employment; revenue requirements for institutions of higher education under section 487(a)(24) and
(d)of the Higher Education Act of 1965; and the Single Audit Act of 1984 and the Office of Management and Budget’s A–133 Circular. The Higher Education Regulatory Reform Report shall contain the following with respect to regulatory requirements for institutions of higher education: A list of rules that are determined to be outmoded, duplicative, ineffective, or excessively burdensome. For each rule listed in accordance with subparagraph
(A)and that is in effect at the time of the review under subparagraph (A), an analysis of whether the costs outweigh the benefits for such rule. Recommendations to consolidate, modify, simplify, or repeal such rules to make such rules more effective or less burdensome. A description of the justification for and impact of the recommendations described in subparagraph
(C), as appropriate and available, including supporting data for such justifications and the financial impact of such recommendations on institutions of higher education of varying sizes and types. Recommendations on the establishment of a permanent entity to review new regulatory requirements affecting institutions of higher education. At least 30 days before submission of the Higher Education Regulatory Reform Report required under paragraph
(1), the Secretary of Education shall publish the report in the Federal Register for public notice and comment. The Higher Education Regulatory Reform Task Force may modify the report in response to any comments received before submission of the report to Congress. For the purposes of this section, the term institution of higher education has the meaning given such term in section 102 of the Higher Education Act of 1965 ( 20 U.S.C. 1002 ), except that such term does not include institutions described in subsection (a)(1)(C) of such section 102.
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