Relating to: student financial protection at certain private postsecondary schools. (FE)
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SB 631 — Relating to: student financial protection at certain private postsecondary schools. (FE)
Last action — Failed to pass pursuant to Senate Joint Resolution 1
No card. One bill, free forever — alerts when it moves.
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1Introduced
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2In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill has been introduced in the Senate. Introduced November 14, 2025. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
An Act to amend 440.52 (10) (c) 4. and 440.52 (10) (cm); to create 440.52 (10) (bm) of the statutes;
Bill Text
- Bill Text View text Current pdf
Compared against current U.S. Code AI-generated reading aid — verify against the official bill.
The bill amends student financial protection regulations for private postsecondary schools by increasing fees and requiring reserve accounts.
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440.52 (10) (bm)
Reserve account. 1. The department may not approve a school under this subsection, whether upon initial application or renewal, unless the school maintains a reserve account to provide indemnification to any student who suffers loss or damage as a result of any of the following: a. Fraud or any false representation by the school or a person acting on behalf of the school. b. The school’s failure to perform its contractual obligations to the student, including the school’s closure. 2. The balance of the reserve account under this paragraph may not be less than 25 percent of the amount of the school’s highest annual revenue in the preceding 5-year period, except that, with respect to an application for an initial approval, the reserve account shall be established at 25 percent of the school’s projected revenue in its first year of operation.
This creates a requirement for proprietary schools to maintain a reserve account to protect students financially.
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440.52 (10) (c) 4.
Specify→ Include a student protection fee at a rate of $3 per $1,000 of adjusted gross annual school revenue as reported to the department.This establishes a specific fee structure for student protection based on school revenue.
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440.52 (10) (cm)
$1,000,000→ $5,000,000This raises the threshold at which collection of student protection fees must be discontinued from $1 million to $5 million.
Action History
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Failed to pass pursuant to Senate Joint Resolution 1
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Fiscal estimate received
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Representative Vining added as a cosponsor
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Representative Subeck added as a cosponsor
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Read first time and referred to Committee on Universities and Technical Colleges
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Introduced by Senators Larson, Carpenter, Hesselbein and Wirch; cosponsored by Representatives Tenorio, Clancy, DeSmidt, Arney, Bare, Fitzgerald, Hong, Kirsch, Madison, McCarville, Miresse, Moore Omokunde, Rivera-Wagner, Sheehan, Stroud, Stubbs, Johnson and Taylor
Sponsors
- Tenorio · Cosponsor
- Clancy · Cosponsor
- DeSmidt · Cosponsor
- Arney · Cosponsor
- Bare · Cosponsor
- Fitzgerald · Cosponsor
- Hong · Cosponsor
- Kirsch · Cosponsor
- Madison · Cosponsor
- McCarville · Cosponsor
- Miresse · Cosponsor
- Moore Omokunde · Cosponsor
- Rivera-Wagner · Cosponsor
- Sheehan · Cosponsor
- Stroud · Cosponsor
- Stubbs · Cosponsor
- Taylor · Cosponsor
- Chris Larson · Primary
- Tim Carpenter · Cosponsor
- Dianne Hesselbein · Cosponsor
- Robert Wirch · Cosponsor
- LaTonya Johnson · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 21 co-sponsors · 110 not signed on
Sponsors (1)
- Larson, Chris Democrat
Co-sponsors (21)
- Tenorio
- Clancy
- DeSmidt
- Arney
- Bare
- Fitzgerald
- Hong
- Kirsch
- Madison
- McCarville
- Miresse
- Moore Omokunde
- Rivera-Wagner
- Sheehan
- Stroud
- Stubbs
- Taylor
- Carpenter, Tim Democrat
- Hesselbein, Dianne Democrat
- Wirch, Robert Democrat
- Johnson, LaTonya Democrat
Not signed on (110)
110 members have not signed on to this bill.
Show all 110 →"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.
Subjects
Frequently asked questions
- What does SB 631 do?
- An Act to amend 440.52 (10) (c) 4. and 440.52 (10) (cm); to create 440.52 (10) (bm) of the statutes;
- Who sponsors SB 631?
- SB 631 is sponsored by Tenorio, Clancy, DeSmidt, Arney, Bare, Fitzgerald, Hong, Kirsch, Madison, McCarville, Miresse, Moore Omokunde, Rivera-Wagner, Sheehan, Stroud, Stubbs, Taylor, Larson, Chris (Democrat), Carpenter, Tim (Democrat), Hesselbein, Dianne (Democrat), Wirch, Robert (Democrat), and Johnson, LaTonya (Democrat).
- What is the current status of SB 631?
- This bill has been introduced in the Senate. Introduced November 14, 2025. It must pass committee before a floor vote.
- Where can I track SB 631?
- Track SB 631 free on One Click Politics — get push/email alerts when it moves.
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