Sec. 4. Oversight of educational institutions placed on heightened cash monitoring status by Secretary of Education
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/bill/116/hr/4085/ih/section-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 3673 of title 38, United States Code, is amended by adding at the end the following new subsection: If the Secretary receives notice under paragraph
(2)with respect to an educational institution, the Secretary shall provide such notice to the State approving agency for the State where the educational institution is located by not later than 30 days after the date on which the Secretary receives such notice. Not later than 60 days after receiving such notice, the State approving agency shall perform a risk-based oversight visit to the educational institution. Notice under this paragraph is any of the following: Notice from the Secretary of Education that pursuant to section 487(c)(1)(B) of the Higher Education Act of 1965 ( 20 U.S.C. 1094 ) an educational institution is receiving payments under the heightened cash monitoring payment method. Notice that the Attorney General, the Federal Trade Commission, or any other Federal department or agency has taken legal action against an educational institution relating to misleading marketing status or misconduct, as defined by the Secretary of Veterans Affairs. If a State approving agency disapproves or suspends an educational institution, the State approving agency shall provide notice of such disapproval or suspension to the Secretary and to the other State approving agencies. Upon receipt of notice relating to an educational institution under this paragraph, a State approving agency shall perform a risk-based oversight visit to the educational institution. This subsection shall be carried out using amounts made available pursuant to section 3674(a)(4) of this title as long as such amounts remain available. . The amendment made by subsection
(a)shall take effect on the date that is 180 days after the date of the enactment of this Act.
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Sec. 4
Oversight of educational institutions placed on heightened cash monitoring status by Secretary of Education
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