United States 112th Congress Status: Died 1 D cosponsors

S 3550 — Advancing College Choice and Ethics to Protect Taxpayers Act of 2012

Last action — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Advancing College Choice and Ethics to Protect Taxpayers Act of 2012 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to bar the Secretary of Education from issuing new regulations related to the prohibition against provision of incentive compensation by institutions of higher education (IHEs) to certain school employees based on their success in securing student enrollments or financial aid. Prohibits IHEs from engaging in deceptive practices likely to mislead consumers or affect their decisions. Requires IHEs with a Student Default Risk Index for a year of 0.1 or greater to: (1) give individuals whose enrollment has been accepted at least two weeks to confirm their enrollment decision without the school's making benefit decisions contingent on an earlier decision; and (2) notify those individuals of financial aid determinations at least one week before the enrollment confirmation deadline, if they have submitted the requested application forms. Penalizes IHEs that substantially misrepresent: (1) the space available in a program for which an individual is considering enrollment, (2) admission requirements, (3) the transferability of credits, (4) whether a program qualifies students to sit for licensing examinations or obtain employment certifications, and (5) the success of their students in obtaining those licenses or certifications. (This is in addition to prohibiting a school from misrepresenting its educational program, financial charges, or graduates' employability.) Increases, and alters the formula for determining, the penalties imposed on IHEs that violate title IV provisions. Directs the Secretary annually to produce and make available to IHEs and the public standardized disclosure sheets with IHE data, and state, IHE category, and national averages. Requires IHEs to provide their students and individuals accepted for enrollment with that disclosure sheet which includes specified information regarding student costs, financial aid, debt and default rates, transfer and dropout rates, and the school's obligations under title IV. Requires IHEs to provide students and prospective students with the process for registering a complaint with the school's accreditor. Requires IHEs to provide individuals that have been accepted for enrollment with certain information about financial aid, the school, its procedures, and its graduates in a manner that allows them to take that information into account before making a final enrollment decision.

Bill Text

We don't have the full text on file for this bill yet.

Read S 3550 on the official United States source →

Action History

  1. Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

Show all 546 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

public-safety finance education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 3550 do?
Advancing College Choice and Ethics to Protect Taxpayers Act of 2012 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to bar the Secretary of Education from issuing new regulations related to the prohibition against provision of incentive compensation by institutions of higher education (IHEs) to certain school employees based on their success in securing student enrollments or financial aid. Prohibits IHEs from engaging in deceptive practices likely to mislead consumers or affect their decisions. Requires IHEs with a Student Default Risk Index for a year of 0.1 or greater to: (1) give individuals whose enrollment has been accepted at least two weeks to confirm their enrollment decision without the school's making benefit decisions contingent on an earlier decision; and (2) notify those individuals of financial aid determinations at least one week before the enrollment confirmation deadline, if they have submitted the requested application forms. Penalizes IHEs that substantially misrepresent: (1) the space available in a program for which an individual is considering enrollment, (2) admission requirements, (3) the transferability of credits, (4) whether a program qualifies students to sit for licensing examinations or obtain employment certifications, and (5) the success of their students in obtaining those licenses or certifications. (This is in addition to prohibiting a school from misrepresenting its educational program, financial charges, or graduates' employability.) Increases, and alters the formula for determining, the penalties imposed on IHEs that violate title IV provisions. Directs the Secretary annually to produce and make available to IHEs and the public standardized disclosure sheets with IHE data, and state, IHE category, and national averages. Requires IHEs to provide their students and individuals accepted for enrollment with that disclosure sheet which includes specified information regarding student costs, financial aid, debt and default rates, transfer and dropout rates, and the school's obligations under title IV. Requires IHEs to provide students and prospective students with the process for registering a complaint with the school's accreditor. Requires IHEs to provide individuals that have been accepted for enrollment with certain information about financial aid, the school, its procedures, and its graduates in a manner that allows them to take that information into account before making a final enrollment decision.
Who sponsors S 3550?
S 3550 is sponsored by Richard Blumenthal (D).
What is the current status of S 3550?
This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 3550?
Track S 3550 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on S 3550

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of S 3550

Last checked for changes about 10 hours ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →